been unappreciated, in large part, because patent pooling agreements
are contracts in which shareholders agree to vote their shares in a specific manner.
Any pooling agreement
based on present earnings would deprive the Midland of its proper share of the future '"29 It seems that the Midland's expansion strategy was as dominant in the 1890s as it had been nearly forty years earlier when the company had begun to develop its middle route to Scotland.
By 1938 the Cape Municipality had completed their own power station, Table Bay, which then became part of a pooling agreement
with Salt River, which was relegated to a peak load system.
Furthermore, it is anticipated that State Auto National will be added to Hallmark Insurance Group's inter-company pooling agreement
, the analysts added.
Delivery (rental) and maintenance of photocopiers based on a pooling agreement
The capitalisation of the company is not expected to improve significantly as a result of this transaction; however, the ratings could be favourably affected by the financial strength of VAFB and its intention to put in place an intercompany pooling agreement
between VAFB and the company, AM Best added.
The rating action follows the announcement that the boards of directors of State Auto Financial Corp (NASDAQ:STFC) and State Automobile Mutual Insurance Co have approved proposed changes to State Auto Insurance Companies' intercompany pooling agreement
, the agency explained.
The management of the PGIG Group is expected to remain intact as well as the intercompany reinsurance pooling agreement
between the insurance companies.
In addition, AM Best has upgraded the ICR to "a+" from "a" and affirmed the FSR of A (Excellent) of MAPFRE Insurance Co of Florida (Miami, FL), reflecting the explicit support provided by the company's participation in MAPFRE USA's inter-company pooling agreement
The ratings assigned to SCIC and SFCIC reflect the explicit support provided by Selective Insurance Company of America in the form of an intercompany pooling agreement
, which became effective July 1, 2012.
AM Best anticipates that upon the close of the transaction, State Auto National will participate in an inter-company pooling agreement
with Hallmark, which should result in a downgrading of State Auto National's ratings.