A.M. Best Affirms and Assigns Ratings of Arbella Insurance Group and Its Members.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of B++ (Good) and assigned issuer credit ratings (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of "bbb+" to Arbella Insurance Group (Arbella) (Quincy, MA) and its members. Arbella consists of Arbella Mutual Insurance Company and its majority-owned subsidiaries, Arbella Indemnity Insurance indemnity insurance Managed care A type of health insurance in which a Pt can choose the hospital and provider, and the insurer reimburses the Pt or provider for a set percentage of the cost, minus deductibles and co-payments Company, Arbella Protection Insurance Company, Covenant Insurance Company, Commonwealth Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Company and affiliate Commonwealth Mutual Insurance Company. The outlook for all ratings is positive. Arbella's ratings reflect its strong risk-adjusted capitalization, improved underwriting performance and reduced underwriting leverage over the past several years. The ratings also recognize Arbella's established market presence as the third leading writer of personal automobile insurance in the highly regulated Massachusetts market. Arbella is primarily engaged in writing personal lines and business insurance products in Massachusetts, Connecticut and Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. . For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion