Argonaut A.M. Best Ratings Up

Argonaut Group, Inc. (Nasdaq:AGII) announced yesterday that A.M. Best Co. has affirmed its rating of A (Excellent) for the five-company Argonaut Insurance intercompany pool, and its rating of A- (Excellent) for Argonaut Great Central Insurance Company. A.M. Best also raised the ratings of Colony Insurance Group and Rockwood Casualty Group, both recently acquired by Argonaut, from A- to A (Excellent). In discussing its rationale as to Argonaut, A.M. Best said, 'The rating reflects Argonaut's strong capitalization and favorable market position as a national specialty underwriter.' The rating a...