Article ID: 0ec939fec0ac851987d9bcaab508906c9291fc6382c204f50a10cdbb502f0180
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URL: https://www.businessinsurance.com/a-m-best-revises-kroger-captive-rating-outlook/
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A.M. Best revises Kroger captive rating outlook - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers A.M. Best revises Kroger captive rating outlook by Claire Wilkinson Alternative Risk Transfer/Captives , Risk Management Oct 8, 2026 A.M. Best said Thursday it revised the outlook on the long-term issuer credit ratings of Queen City Assurance and Vine Court Assurance, food retailer Kroger’s two Vermont-domiciled captive insurers, to negative from stable, citing deteriorating underwriting results, including elevated casualty losses. The ratings agency said it affirmed the A (Excellent) financial strength rating and “a+” (Excellent) long-term issuer credit rating of the two captives, collectively known as Queen City Assurance Group. The outlook on the financial strength rating remains stable, Best said. The ratings reflect the group’s balance sheet strength, which Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The negative outlooks reflect concerns that continued deterioration in the group’s underwriting performance could pressure its overall operating performance, Best said. Underwriting results weakened in 2024 due to an “uncharacteristically high level of property losses” and deteriorated further in 2025, driven by elevated casualty losses, including adverse reserve development and pressure from the medical expense containment program, Best said. Overall earnings remained positive, however, underpinned by solid investment income, the ratings agency said. Related News UK’s ASOS says cyber hack accessed customers’ personal data October 8, 2026 Lockton promotes Vince Gaffigan to lead US casualty October 8, 2026 Zero sugar, extra fine print October 8, 2026 Markel introduces chemical, oil, gas property cover October 8, 2026 Wisconsin court upholds wage award over refusal to rehire injured welder October 8, 2026 Divided court revives temp worker’s injury suit against concrete company October 8, 2026 Pivix offers specialty commercial property program October 8, 2026 Tower posts 3% growth in gross written premium October 8, 2026 Asia’s casualty claims now more frequent and costly: Marsh Re October 8, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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