AM Best has withdrawn the rating of A (Excellent) on Heddington Insurance (UK)...
AM Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a+” of Heddington Insurance (UK) Limited (HUK), a captive company of Chevron Corporation. The outlook on both ratings remains stable.
HUK benefits from substantial reinsurance support from its immediate parent, Heddington Insurance Ltd (HIL), in the form of an 80% quota share of business written, reflecting HUK's importance within the group.
Subsequently, AM Best has withdrawn the rating in response to the company's request and has assigned it an NR-4 (Company Request).
