AM Best Calls Carrier Balance Sheet "Very Strong" While Affirming A- (Excellent) Rating
We are 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 our 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. The risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), was assessed in the very strong category.
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.”
AmCom 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 AmCom partner carrier 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.