Meadowbrook Rating Affirmed
Meadowbrook Insurance Group, Inc. announced today (Dec. 27) the affirmation of A.M. Best Company’s financial strength rating of “A- “(Excellent) and its subsidiary insurance companies including the Bermuda-based Meadowbrook Risk Management Limited. Ratings agency Best also affirmed the issuer credit rating for Meadowbrook of “bbb-” and its subsidiary insurance companies of “a-.” The outlook for all ratings remains “stable.”
In its news release, A.M. Best stated: “These ratings reflect Meadowbrook’s sustained underwriting profitability, excellent overall operating performance and supportive capitalisation. A.M. Best recognises Meadowbrook’s diversified business mix that strategically positions the group with a more balanced product and distribution platform and provides flexibility to move more effectively through market cycles.”
Meadowbrook’s president and Chief Executive Officer, Robert S. Cubbin, stated: “We are pleased that A.M. Best has affirmed our rating and has recognized our work to sustain our profitability and overall capitalisation.”
Meadowbrook Insurance Group, Inc., based in Southfield, Michigan, is a leader in the specialty programme management market. Meadowbrook includes several agencies, claims and loss prevention facilities, self-insured management organisations and seven property and casualty insurance underwriting companies, including one operating out of the Belvedere Building on Pitts Bay Road in Bermuda. Meadowbrook has 26 locations in the United States.
Meadowbrook is a risk management organisation, specialising in specialty risk management solutions for agents, professional and trade associations, and small to medium-sized insureds
