A.M. Best Revises Outlooks to Positive for Golden Bear Insurance Company
The ratings are based upon Golden Bear’s supportive risk-adjusted capitalization, strong operating performance and prudent risk management strategies. The revision in the outlooks is due to the company’s consistently favorable underwriting and operating profitability, supportive risk-adjusted capitalization and well-established profile as a specialty underwriter. Golden Bear has a long-standing tradition as an opportunistic underwriter via their holding company/agency
Offsetting these positive rating factors is Golden Bear's vulnerability to reinsurance availability and pricing, given its heavy dependence upon reinsurance, as well as its geographic concentration of risk and the somewhat limited financial flexibility of its parent. The geographic concentration exposes Golden Bear to significant shock losses and competitive, regulatory and legislative market pressures.
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. 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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