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Best’s News & Research Service - August 11, 2023 09:47 AM (EDT)

AM Best Withdraws Issuer Credit Rating of Trean Insurance Group, Inc.

  • August 11, 2023 09:47 AM (EDT)
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Oldwick //BestWire// - AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) of Trean Insurance Group, Inc (Trean). The outlook of the Credit Rating is stable. Concurrently, AM Best has withdrawn the public Long-Term ICR of Trean per the company’s request.

Effective April 21, 2023, Altaris LLC through various partners acquired all outstanding public shares of Trean and now controls 100% of the group’s common stock.

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 use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

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.

Mergers And Acquisitions Financial Strength Press Release A.M. Best Rating Services, Inc. Insurance Property And Casualty Insurers Best's Credit Rating Action Issuer Credit Rating

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