A.M. Best Withdraws Ratings of Century Reinsurance Company and Brandywine Group Due to Legal Entity Merger

A.M. Best Co. has withdrawn the financial strength ratings (FSR) of B- (Fair) and issuer credit ratings (ICR) of “bb-” of Century Reinsurance Company and Brandywine Group (both of Philadelphia, PA) and assigned an NR-5 (Not Formally Followed) to the FSRs and an “nr” to the ICRs.

Effective December 31, 2009, Century Reinsurance Company was merged into its parent company, Century Indemnity Company, a wholly owned indirect subsidiary of ACE Limited (ACE) [NYSE: ACE], with Century Indemnity Company being the surviving entity. Century Indemnity Company and Century Reinsurance Company were the sole members of the Brandywine Group.

The FSR of B- (Fair) and ICR of “bb-” of Century Indemnity Company are unchanged at this time.

For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.