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