A.M. Best Assigns Credit Ratings to Auto-Owners Specialty Insurance Company
These ratings reflect AOSIC’s balance sheet strength, which
AOSIC is a shell company that plans to provide excess and surplus lines coverage to small and medium-size commercial businesses in
The ratings further reflect the benefits AOSIC receives from being owned by
The outlooks reflect management’s near term projections, which call for modest operating profits, as well as the expectation that management will operate in a manner that is consistent with the business plan presented to
Negative rating actions could occur if underwriting or operating performance falls significantly below A.M. Best’s expectations or if risk-adjusted capitalization deteriorates significantly from expected levels. AOSIC’s ratings also may be impacted negatively if its relationship to Auto-Owners and its support change in a manner that no longer warrants rating enhancement.
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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