Best’s News & Research Service - February 22, 2019 03:41 PM (EST)
AM Best Assigns Credit Ratings to Mobilitas Insurance Company
- February 22, 2019 03:41 PM (EST)
Oldwick //BestWire// - AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” to Mobilitas Insurance Company (Mobilitas) (Glendale, AZ). The outlook assigned to these Credit Ratings (ratings) is stable. Mobilitas is a wholly owned subsidiary of CSAA Insurance Exchange (the Exchange), which is the lead member of CSAA Insurance Group (CSAA).
The ratings of Mobilitas reflect the consolidated balance sheet strength of CSAA, which AM Best categorizes as strongest, as well as its marginal operating performance, favorable business profile and appropriate enterprise risk management.
The rating action reflects Mobilitas’ role as a member of CSAA. Explicit support is provided to Mobilitas through its participation in an inter-company reinsurance program with the Exchange. Mobilitas will provide commercial coverages focused in the auto subscription market.
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 Understanding 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.
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