CONTACTS:
FOR IMMEDIATE RELEASE
OLDWICK - NOVEMBER 07, 2017 08:34 AM (EST)
A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Third Coast Insurance Company (Third Coast) (New Berlin, WI), a newly added member of Accident Fund Group (AF Group). The outlook assigned to these Credit Ratings (ratings) is positive. Additionally, A.M. Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of Accident Fund Insurance Company of America (Accident Fund) (Lansing, MI), United Wisconsin Insurance Company (New Berlin, WI), Accident Fund National Insurance Company (Lansing, MI), Accident Fund General Insurance Company (Lansing, MI) and CompWest Insurance Company (Santa Ana, CA), which operate through an intercompany pooling agreement and are collectively referred to as AF Group. The outlook of these ratings is positive.
Third Coast is a wholly owned subsidiary of Accident Fund. The ratings of Accident Fund are being extended to Third Coast given the explicit support provided through a 100% reinsurance arrangement. The operations of Third Coast are fully integrated with the members of AF Group.
This press release relates to Credit Ratings that have been published on A.M. 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 A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source.