OREANDA-NEWS. Fitch Ratings has withdrawn the 'A+' Insurer Financial Strength (IFS) ratings for Deerfield Insurance Company and Alterra Excess & Surplus Insurance Company.

The withdrawal is the result of the companies' mergers with the surviving entities, Markel Insurance Company and Evanston Insurance Company, respectively, which Fitch currently rates 'A+' for IFS. Accordingly, Fitch will no longer provide ratings or analytical coverage for Deerfield Insurance Company and Alterra Excess & Surplus Insurance Company. The mergers were finalized on Dec. 31, 2015.

Markel Corporation is the ultimate parent company for both Markel Insurance Company and Evanston Insurance Company.

Fitch has withdrawn the following ratings as the entities no longer exist:

Alterra Excess & Surplus Insurance Company
Deerfield Insurance Company