A.M. Best Affirms Ratings of AmerInst Insurance Group, Ltd.
NJ A.M. Best
OLDWICK, N.J. – (Business Wire) A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of â€œa-â€? of AmerInst Insurance Group, Ltd. (AmerInst) (Bermuda). The outlook for both ratings is stable.
These ratings reflect AmerInstâ€™s conservative reserve position, its niche expertise as a reinsurer of professional liability policies and adequate capitalization. AmerInst has a history of reserve adequacy and has grown its premium volume over a five-year period, while maintaining conservative underwriting leverage.
Partially offsetting these positive rating factors are the companyâ€™s narrow spread of underwriting risk and high investment leverage. Nonetheless, AmerInstâ€™s common stock portfolio was the source of significant realized gains since 2004.
For Bestâ€™s Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.
Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.
A.M. Best Co.
Thomas Herriger, 908-439-2200, ext. 5375
Steven Chirico, 908-439-2200, ext. 5087
Jim Peavy, 908-439-2200, ext. 5644
Rachelle Morrow, 908-439-2200,ext. 5378