A.M. Best Assigns Ratings to ProAssurance American Mutual, a Risk Retention Group
These ratings recognize the implementation of a quota share reinsurance agreement between ProAssurance RRG and
Despite ProAssurance RRG’s status as a start-up, it is insulated from underwriting risks such as adverse loss experience or insufficient rate structure and the stresses these risks could cause on resources due to its quota share arrangement. Partially offsetting these positive rating factors are the market risks inherent within the MPLI sector. These include: potential changes to tort reform; soft market pricing and strong competition; changes in the regulatory or legislative environments; and changes in health care delivery and MPLI market dynamics.
ProAssurance RRG broadens PRA’s opportunities to provide coverage for physician and facility medical professional liability and related general liability on a claims-made basis. ProAssurance RRG will give the
Because of the depth of the relationship between the two organizations, changes in the ratings of
This press release relates to rating(s) that have been published on
Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150721006447/en/
Senior Financial Analyst
[email protected]
or
Managing Senior Financial Analyst
[email protected]
or
Manager, Public Relations
[email protected]
or
Assistant Vice President, Public Relations
[email protected]
Source:
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News