On June 27, 2003, Standard&Poor's Rating Services affirmed its 'BBBpi' public information-based insurer financial strength rating on Denmark-based Tryg Forsikring A/S (formerly Tryg-Baltica Forsikring, skadeforsikringsselskab A/S). The rating reflects the company's strengthened capital base and strong business position, along with good technical reserves. Offsetting these factors are the company's historic earnings, which are marginal. The rating is based only on published financial information and additional information in the public domain. Tryg Forsikring is the largest non-life insurer in Denmark with a market share of about 22%. The company writes a predominantly motor and property account almost exclusively in Denmark, and is currently owned by Tryg I Danmark SMBA (TiD) as part of the Tryg Vesta group. The previous
