Best’s News & Research Service - September 05, 2019 09:38 AM (EDT)
AM Best Assigns Credit Ratings to Rock Ridge Insurance Company
- September 05, 2019 09:38 AM (EDT)
Oldwick //BestWire// - AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Rock Ridge Insurance Company (Rock Ridge) (North Danville, IN). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Rock Ridge’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 Rock Ridge’s role as a member of Clear Blue Insurance Group. Factors supporting this relationship are the company’s role and strategic importance to the group’s strategy; common ownership; common management; explicit and implicit support, including significant reinsurance programs; 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 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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