AM Best places Core Specialty ratings under review following Lancer deal
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AM Best places Core Specialty ratings under review following Lancer deal

Bernard Goyder
April 19, 2021
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Core Specialty logo Cincinnati without bar.jpg

AM Best has placed the credit ratings of Core Specialty units StarStone Specialty and StarStone National under review with developing implications, following the carrier’s agreement to acquire Lancer Insurance Group.

The ratings agency has also put Lancer entities’ credit ratings under review. AM Best noted that given Core Specialty embarked on its own recapitalization process last year and the potential “execution risk” related to the merger, the ratings agency...

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