A.M. Best Assigns Credit Ratings to Vault Reciprocal Exchange
The assigned ratings reflect Vault’s appropriate level of risk-adjusted capitalization, which supports the underwriting, credit and investment risks of the company. The company’s business plans consist of writing high-net-worth homeowner coverage in
Vault is sponsored by
Future positive rating actions could occur for Vault following demonstrated successful implementation of its business plans as well as several periods of profitable results, which will strengthen risk-adjusted capitalization. Negative rating actions could result if the operational and financial plans anticipated by management do not materialize, resulting in a decline in risk-adjusted capitalization. In addition, negative rating action also could result from a material change in the relationship and support provided by
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 © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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