A.M. Best Upgrades Credit Ratings of Members of Palisades Group and High Point Homeowners Group
Palisades' ratings reflect its balance sheet strength, which
High Point’s ratings reflect its balance sheet strength, which
The rating upgrades reflect Palisades and High Point’s improved underwriting and operating performance in recent years and enhancements to their catastrophe reinsurance program, which has improved risk-adjusted capitalization. Performance also has improved in the core books of business as a result of underwriting discipline and rate actions. The groups, which operate under the Plymouth Rock Assurance brand name, also have benefited from milder weather patterns in recent years. The ratings also reflect management’s extensive experience and expertise in the
The FSR has been upgraded to A- (Excellent) from B++ (Good) and the Long-Term ICRs have been upgraded to “a-” from “bbb”, all with stable outlooks, for the following members of the
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Palisades Safety and Insurance Association -
Palisades Insurance Company -
High Point Property and Casualty Insurance Company -
High Point Safety and Insurance Company -
Twin Lights Insurance Company -
Teachers Auto Insurance Company of New Jersey
The FSR has been upgraded to A- (Excellent) from B++ (Good) and the Long-Term ICRs have been upgraded to “a-” from “bbb” , all with stable outlooks, for the following members of the
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High Point Preferred Insurance Company -
Palisades Property and Casualty Insurance Company
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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A.M. Best Downgrades Credit Ratings of ERGO Insurance Pte. Ltd
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