A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-’ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of Novae Insurance Company Limited (NICL) and placed the ratings under review with negative implications. Best also  placed the ICRs of “bbb” and “bbb-”of Novae Group plc and Novae Holdings [...]