S&P Assigns ACE INA Insurance (ACE Canada) ‘A’ Rating

The ACE Group of Companies reported that Standard & Poor’s Ratings Service has assigned its “A” long-term counterparty credit and financial strength ratings to ACE INA Insurance (ACE Canada), with a stable outlook.

S&P said in a statement that the ratings on Toronto-based ACE Canada are supported by its good operating results, prudent use of reinsurance, conservative investment management philosophy, asset quality and liquidity, and its solid capitalization.

ACE INA Insurance (ACE Canada) is a member of the ACE Group of Companies. ACE INA Insurance provides commercial property and casualty products and services throughout Canada.