The ratings apply to PIC and are based on the consolidation of PIC and its wholly owned subsidiary,
The positive outlooks reflect the group’s underwriting history, which compares favorably to industry averages with A.M. Best’s expectation that opportunistic growth initiatives will continue to be well-managed. Operating performance has been solidly profitable in recent years as evidenced by the group’s combined and operating ratios, which compare favorably to the surplus lines composite. The group’s underwriting performance over the past five years has trended favorably while the composite’s has weakened. Profitability is attributable to strong underwriting discipline and strategy execution as an opportunistic excess and surplus lines (E&S) writer.
PIC’s ratings reflect Prime’s supportive capitalization, favorable operating profitability, demonstrated underwriting acumen and recent partnership with
This press release relates to rating(s) 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.
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Senior Financial Analyst
Manager, Public Relations
Assistant Vice President, Public Relations