AM Best places Clear Blue ratings under review with negative implications
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AM Best places Clear Blue ratings under review with negative implications

Kyoung-son Song
27 July 2023
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AM Best has placed the credit ratings of Clear Blue Insurance Group under review with negative implications, citing uncertainty surrounding the company’s ability to rely on certain letters of credit (LOCs).

The decision pertains to the Pine Brook-backed fronting company’s financial strength rating of A- and long-term issuer credit rating of a-.

According

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