Press Release: Knight Insurance Group : A.M. Best Downgrades Ratings of Knight Insurance Company Ltd. and Its Affiliates; Places Under Review with Negative Implications

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the issuer credit ratings (ICR) to "bbb+" from "a-" of Knight Insurance Company Ltd. (Knight Insurance) (Cayman Islands) and its reinsured U.S. insurance company subsidiary, Knight Specialty Insurance Company (Wilmington, DE). Additionally, A.M. Best has placed all ratings under review with negative implications. Concurrently, A.M. Best has downgraded the ICR to "bb