Congrats to Barry, Chris and team for a successful transition with their new partners and the affirmation of their AM Best “A-” rating…
AM Best Calls AmTrust Balance Sheet “Very Strong” While Affirming A- (Excellent) RatingDear Agent Partner, I am pleased to share that, today, AM Best affirmed the Financial Strength Rating (FSR) of A- (Excellent) and Stable Outlook for the members of the AmTrust Group. AM Best also affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” for the members of the AmTrust Group, with a Stable Outlook. AmTrust continues to be well-capitalized and positioned to support you and your business for the long term.In its press release, AM Best noted AmTrust’s balance sheet strength, which it categorizes as very strong, as well as AmTrust’s high-quality capital profile. Our risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), was assessed in the very strong category. AM Best also stated that, “AmTrust remains among the largest providers of workers’ compensation insurance in the United States, and its business is well-diversified geographically.” AM Best also recognized the improving effectiveness of AmTrust’s risk management framework, commenting that “with changes made during 2017 and 2018 to bolster management and financial reporting capabilities, the framework is continuing to develop and becoming embedded throughout the organization.” AmTrust deeply appreciates your ongoing support. We are well-positioned to continue to partner with you and your business now and in the future. The FSR of A- (Excellent) and the Long-Term ICRs of “a-” have been affirmed with stable outlooks for the following members of the AmTrust Group:
We look forward to continuing to keep you updated on our progress and efforts to further serve you and your clients. Sincerely, |
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