AM Best Removes From Under Review with Negative Implications, Downgrades Credit Ratings of American Sentinel Insurance Company
The ratings reflect American Sentinel’s balance sheet strength, which AM Best categorizes as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
These rating actions reflect the sale of
Capital infusions from the company’s now exclusive owner have supported premium growth. In addition, the company utilizes a 60% quota share reinsurance contract to mitigate its overall net exposures. Reinsurance partners are all highly rated and financially sound. Furthermore,
AM Best views American Sentinel’s business profile as limited; while the company is licensed in 49 states and
This press release relates to Credit Ratings that have been published on AM 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 AM 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 AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
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Source: AM Best
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