OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating (FSR) of A++ (Superior) and the issuer credit ratings of “aa+“ of Philadelphia Indemnity Insurance Company (PIIC) and its affiliate, Tokio Marine Specialty Insurance Company (both headquartered in Bala Cynwyd, PA), which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies (Philadelphia). The outlook for all ratings is stable. The ratings reflect the group’s excellent