Honeywell captive receives ‘A-’ ratings
A.M. Best has affirmed the financial strength and issuer credit ratings of Cedar Court Indemnity Company.
The “A- (Excellent)” and “a-” ratings of the Honeywell International captive remain stable, but could be offset by relatively large reserves and incurred but not reported reserves, as well as volatile underwriting performance in recent years.
Factors that could lead to Cedar Court’s ratings being upgraded include long-term, consistently strong operating performance.
