A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a+” of UK-based Heddington Insurance 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 percent quota share of business written, reflecting HUK’s importance within the group,” said Best.
Subsequently, Best said it “has withdrawn the rating in response to the company’s request and has assigned it an NR-4 (Company Request).”
Was this article valuable?
Here are more articles you may enjoy.
AI for the Defense: Should Insurers or Law Firms Pay? 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
State Farm Paid a ‘Hail’ of a Lot of Claims in 2025 
