Kroll Bond Rating Agency has assigned an issuer rating of BBB- with a stable outlook to Clear Blue Financial Holdings LLC.
Additionally, the rating agency has assigned insurance financial strength ratings of A- with a stable outlook to Clear Blue Specialty Insurance Co. and Clear Blue Insurance Co., the insurance subsidiaries of Clear Blue Financial.
Kroll said the ratings reflect the companies' sound capitalization, favorable underwriting leverage, conservative investment portfolio, and limited underwriting risk as a pure fronting specialist.
