Best’s News & Research Service - May 11, 2026 09:30 AM (EDT)
AM Best Comments on Credit Ratings of ALPS Property & Casualty Insurance Company Following Merger Announcement With Ohio Bar Liability Insurance Company
- May 11, 2026 09:30 AM (EDT)
//BestWire// - AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of ALPS Property & Casualty Insurance Company (ALPS) (Missoula, MT) remain unchanged following the May 6, 2026, announcement that ALPS has entered into a definitive agreement to acquire the Ohio Bar Liability Insurance Company (OBLIC), a leading provider of professional liability insurance for attorneys in Ohio.
ALPS specializes in providing professional liability coverage for attorneys and smaller-sized law firms with broad geographic diversifications. AM Best has determined that ALPS’ credit profile will likely not change after the acquisition, given OBLIC’s much smaller premium writings, a similar customer base and an overall similar credit profile. The deal is expected to close following regulatory approvals.
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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 London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.