Moody's has placed the ratings of The St. Paul Companies on review for possible downgrade.
Included in the review were the insurance financial strength ratings of St. Paul Fire and Marine and its rated affiliates.
Explaining the move Moody's highlighted poor fourth quarter results which reflected an adverse deviation in the company's performance.
The ratings agency also expressed concerns over the company's financial leverage.
A Moody's statement said: "In addition continued drag from St. Paul's run-off segments remains a risk. Moody's will further evaluate these risks during the course of its rating review."
