A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) for ProAssurance Group and assigned it an "a-" issuer credit rating.
A.M. Best also affirmed the senior debt rating of "bbb-" on ProAssurance Corp.'s senior unsecured convertible debentures and ProAssurance Corp.'s ICR of "bbb-". All ratings have been removed from under review and assigned stable outlooks.
The ratings were placed under review after the Feb. 28, 2005, announcement that PRA had entered into an agreement that provided for NCRIC Inc. (NCRIC) to be merged into ProAssurance through an all stock transactio...
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