A.M. Best Places Credit Ratings of One Alliance Insurance Corporation Under Review With Negative Implications

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has placed under review with negative implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of One Alliance Insurance Corporation (One Alliance) (San Juan, Puerto Rico). The Credit Rating (rating) actions are driven by the uncertainty surrounding a previously planned capital contribution. In addition, the level of transparency regarding the reasoning for the delay adds to A.M. Best’s concerns regarding