10 April, 2018
Accredited Surety & Casualty Company, Inc (‘Accredited’), the Florida-headquartered US insurance company that is licenced to write admitted P&C business in all fifty states, has had it’s A.M. Best A- (Excellent) financial strength rating affirmed.
In a statement, A.M. Best said the “ratings reflect Accredited’s balance sheet strength, which A.M. Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management”.
Earlier this year, A.M. Best raised its A- group rating on Accredited from VI to VII to reflect the company’s increased capital base and surplus.
A.M. Best also said it has a stable outlook on Accredited’s rating as it expects “operating results will continue to be profitable”.
Earlier this year, A.M. Best awarded Accredited’s European sister company, R&Q Insurance (Malta) Limited a first-time A- rating.
Click here for the full Press Release
A.M. Best has affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a -“ of Accredited Surety and Casualty Company, Inc. (“ASC”) and Accredited Insurance (Europe) Limited (“AIEL”). ASC and AIEL are wholly owned …
Further to the announcement made on 7 February 2019 by the Company that it has conditionally raised gross proceeds of approximately £100 million through an oversubscribed placing of new ordinary shares (the “Placing”) and it is proposing to raise gross …
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