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FOR IMMEDIATE RELEASE
OLDWICK - SEPTEMBER 11, 2020 09:13 AM (EDT)
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term issuer Credit Rating of “a-” to Highlander Specialty Insurance Company (HSIC) (Chicago, IL). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect HSIC’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The ratings consider HSIC’s role as a member of the Clear Blue Insurance Group. Factors supporting this relationship are the company’s role and importance to the group’s strategy; common ownership and management; explicit and implicit support, including participation in a significant reinsurance program; and an expectation of future financial and operational support.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.