Best Puts Prudential P&C Under Review

A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Prudential Property and Casualty Group (Indianapolis, IN) and its separately rated subsidiary, THI Holdings Group (Cleveland, OH), under review with negative implications. The under-review status reflects A.M. Best's concerns with the continued sub-par operating performance and stand-alone capitalization of Prudential Property and Casualty Group, despite improvement in accident-year 2002 performance. Additionally, it reflects continued concerns for the long-term strategic fit for property and casualty companies ...