A.M. Best Assigns Credit Ratings to Ategrity Specialty Holdings LLC and Its Subsidiaries
The ratings reflect Ategrity’s balance sheet strength, which
Ategrity’s very strong balance sheet assessment is based on a capitalization level that meets A.M. Best’s stringent requirements for newly formed companies, supportive projected risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and a clearly-defined business plan, which contemplates a reasonable degree of execution risk as a newly formed company. A portion of the company’s assets will be managed by
Ategrity – through its
Ategrity will initially exhibit a limited business profile while its operations mature; however, the company’s seasoned senior management team plans to leverage its strong existing industry relationships to grow the business conservatively and consistently. Additionally, Ategrity has developed a formal ERM program, which, while not yet tested, is deemed to be appropriate for the company’s business model and anticipated risk profile.
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
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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