Fitch Withdraws 'A+' IFS Ratings on Two Merged Subsidiaries of Markel Corporation

January 25, 2016 6:02 PM

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(The following statement was released by the rating agency) CHICAGO, January 25 (Fitch) Fitch Ratings has withdrawn the 'A+' Insurer Financial Strength (IFS) ratings for Deerfield Insurance Company and Alterra Excess & Surplus Insurance Company.

The withdrawal is the result of the companies' mergers with the surviving entities, Markel Insurance Company and Evanston Insurance Company, respectively, which Fitch currently rates 'A+' for IFS. Accordingly, Fitch will no longer provide ratings or analytical coverage for Deerfield Insurance Compan...

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