A.M. Best affirms ‘A’ financial strength rating for Fairfax subsidiaries

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of ‘a’ of:

• Commonwealth Insurance Company (Vancouver, B.C.);
• Federated Insurance Company of Canada (Federated) (Winnipeg, Manitoba);
• Markel Insurance Company of Canada (Markel);
• Lombard General Insurance Company of Canada (Lombard General); and
• Zenith Insurance Company (Zenith).

At the same time, A.M. Best affirmed the FSR of ‘A-‘ (Excellent) and ICR of ‘a-‘ of Lombard Insurance Company (Lombard Insurance).All companies are subsidiaries of Northbridge Financial Corporation, an indirect, wholly owned downstream holding company of Fairfax Financial Holdings Limited (Fairfax) [TSX: FFH and FFH.U]. The outlook for all ratings is stable.