AM Best upgrades credit ratings of CapSpecialty Insurance Group members

AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from “a+” (Excellent) for members of CapSpecialty Insurance Group (CapSpecialty), with the outlook revised to stable from positive.The members consist of Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company, collectively known as CapSpecialty.AM Best said the ratings reflect CapSpecialty’s balance sheet strengt ...