A.M. Best Assigns Credit Ratings to CM Select Insurance Company; Affirms Credit Ratings of Members of Church Mutual Insurance Group
The Credit Ratings (ratings) of CM Select recognize a 100% quota share reinsurance agreement between CM Select and CMIC. Incorporated on
The ratings of the group reflect its balance sheet strength, which
CMIC maintains a competitive advantage in its niche market and continues to invest and strengthen its brand through development of new products with effective control of distribution channels through the use of captive agents, independent agents, broker markets, excess and surplus lines and forthcoming E-commerce. These positive rating factors are partially offset by the group’s exposure to weather-related events and elevated common stock leverage.
While the outlook for the FSR remains stable, continuation of the positive outlook on the Long-Term ICR reflects the expectation of sustained strong operating performance, despite modest volatility from weather-related events and balance sheet strength maintained at the strongest level. Prospectively,
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
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