Fitch Affirms Zenith Rating, "Well Positioned"

Fitch Ratings has affirmed the 'A-' insurer financial strength ratings of Zenith National Insurance Corp.'s (Zenith National) three insurance subsidiaries, Zenith Insurance Company (Zenith Insurance), ZNAT Insurance Company and Zenith Star Insurance Company. Fitch has also affirmed Zenith National's long-term issuer rating of 'BBB-' and the 'BB+' rating of Zenith National Insurance Capital Trust I securities. The Rating Outlook is Stable. The ratings reflect Zenith National's disciplined underwriting focus, improved operating results thus far in 2002, strong capitalization and reasonable fin...