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08.10.26 - 21:36
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AM Best Affirms Credit Ratings of Core Specialty Insurance Holdings, Inc.′s Members (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of Core Specialty Insurance Holdings, Inc. (Core Specialty). In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Standard Life and Accident Insurance Company (SLAICO) (League City, TX), an affiliate of Core Specialty. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)
The ratings of Core Specialty reflect the group's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
The rating affirmations reflect Core Specialty's stable operating performance trends in recent years, driven by the group's improved diversification and scale since its reca...
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