Kingstone downgraded to B after cat reinsurance reduction
The operating subsidiary of Kingstone Companies, which in May received an indication of interest in a takeover from Griffin Highline Capital, has been downgraded to B by AM Best following deterioration in risk-adjusted capitalisation due to a sizeable increase in the Northeast US regional insurer’s net probable maximum loss.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below