Fitch Plans to Withdraw Ratings of Greater New York Mutual Insurance Company

CHICAGO–(BUSINESS WIRE)–Fitch Ratings plans to withdraw the ratings on Greater New York Mutual
Insurance Company and its affiliates on or about April 19, 2016 for
Commercial Reasons.

Fitch currently rates Greater New York Mutual Insurance Company and its
affiliates as follows:

Greater New York Mutual Insurance Company

–Insurer Financial Strength ‘A-‘; Outlook Stable.

Insurance Company of Greater New York

–Insurer Financial Strength ‘A-‘; Outlook Stable.

Strathmore Insurance Company

–Insurer Financial Strength ‘A-‘; Outlook Stable.

GNY Custom Insurance Company

–Insurer Financial Strength ‘A-‘; Outlook Stable.

Fitch reserves the right in its sole discretion to withdraw or maintain
any rating at any time for any reason it deems sufficient. Fitch
believes that investors benefit from increased rating coverage by Fitch
and is providing approximately 30 days’ notice to the market of the
rating withdrawal of Greater New York Mutual Insurance Company and its
affiliates. Ratings are subject to analytical review and may change up
to the time Fitch withdraws the ratings.

Fitch’s last rating action for the above referenced entities was on Oct.
21, 2015. The ratings were affirmed.

Additional information is available at ‘www.fitchratings.com‘.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE
AVAILABLE ON THE AGENCY’S PUBLIC WEBSITE ‘WWW.FITCHRATINGS.COM‘.
PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS
SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS
OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES
AND PROCEDURES ARE ALSO AVAILABLE FROM THE ‘CODE OF CONDUCT’ SECTION OF
THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE
RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR
RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY
CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH
WEBSITE.

Contacts

Fitch Ratings
Brad Istwan
Senior Director
1-312-368-3197
Fitch
Ratings, Inc.
70 West Madison
Chicago, IL 60602
or
Media
Relations
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com