S&P elevates Alleghany units

S&P said it raised its long-term issuer credit ratings to A+ from A on Alleghany Corp.'s core insurance operating companies, RSUI Indemnity Co., Landmark American Insurance Co. and Covington Specialty Insurance Co.

At the same time, the agency affirmed the A+ long-term issuer credit ratings on Alleghany's reinsurance core operating entities and the issuer credit and senior debt ratings on the holding companies.

The outlook is stable.

“We upgraded RSUI because we revised its group status to core from highly strategic,” S&P said in a news release.

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