Best’s News & Research Service - January 29, 2025 02:50 PM (EST)
AM Best Assigns Credit Ratings to MTAW Insurance Company
- January 29, 2025 02:50 PM (EST)
//BestWire// - AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a+" (Excellent) to MTAW Insurance Company (MTAW) (Wilmington, DE). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings assigned to MTAW reflect its reinsurance agreement with United States Fire Insurance Company. The ratings also reflect Crum & Forster Insurance Group’s consolidated balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. As a result of MTAW’s reinsurance agreement, its credit risk is reflected within United States Fire Insurance Company’s balance sheet going forward.
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.