DECEMBER 03, 2020 03:29 PM (EST)
AM Best Assigns Credit Ratings to Accredited Specialty Insurance Company
|Raymond Thomson, CPCU, ARe, ARM |
+1 908 439 2200, ext. 5621
+1 908 439 2200, ext. 5815
Manager, Public Relations
+1 908 439 2200, ext. 5159
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FOR IMMEDIATE RELEASE
OLDWICK - DECEMBER 03, 2020 03:29 PM (EST)
AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Accredited Specialty Insurance Company (ASI) (Phoenix, AZ). The outlook assigned to these Credit Ratings (ratings) is stable. ASI is a newly established member of Randall & Quilter Investment Holdings Ltd. (R&Q).
The ratings of ASI reflect the consolidated balance sheet strength of R&Q, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
ASI is fully owned by R&Q, and the parent maintains ultimate senior management responsibility for this company. ASI provides excess and surplus lines licensing and underwriting capabilities for the group’s opportunities in the United States. ASI leverages knowledge, expertise and experience from its international colleagues to employ a common strategy for R&Q worldwide. In addition, R&Q provides infrastructure support, integration, common ERM and financial flexibility to ASI.
R&Q currently maintains a Long-Term ICR of “bbb-.” In addition, its subsidiaries, Accredited Surety and Casualty Company, Inc. and Accredited Insurance (Europe) Limited, currently maintain an FSR of A- (Excellent) and Long-Term ICRs of “a-.” The outlook of these ratings is stable and remain unchanged at this time.
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.