Best’s News & Research Service - February 06, 2020 11:35 AM (EST)
AM Best Assigns Credit Ratings to Trisura Insurance Company
- February 06, 2020 11:35 AM (EST)
Oldwick //BestWire// - AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Trisura Insurance Company (TIC) (Oklahoma, OK). The outlook assigned to these Credit Ratings (rating) is stable.
The ratings reflect TIC’s balance sheet strength, which AM Best categorizes as very strong, as well as the its adequate operating performance, limited business profile and appropriate enterprise risk management.
The ratings of TIC also reflect an intercompany pooling agreement with its immediate parent, Trisura Specialty Insurance Company. Additionally, the ratings consider the commonality in management, infrastructure, operational capabilities, and systems between the two companies.
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.