A.M. Best retracts Guilderland Reinsurance ratings
A.M. Best has withdrawn the financial strength rating of “B++ (Good)" and issuer credit rating of “bbb” of Guilderland Reinsurance Company (GRC) due to its inactivity over the last two years and the run off of its loss reserves.
The ratings retraction is also due to the dormancy of GRC since all of its policies and reserves have been cancelled, non-renewed or allowed to expire and claims settled.
GRC is a wholly owned subsidiary of KnightBrook Insurance Company, which in turn is a wholly owned subsidiary of KnightBrook LLC.
