Universal Shield Insurance Group Companies Assigned A.M. Best Credit Rating
Prior to the merger of UFCIC and Shield under the Universal Shield brand, UFCIC was recognized in June of 2021 as a hybrid insurer and insurtech innovator with an announcement that the company was the first
“We are very pleased that
Some highlights from A.M. Best’s Rating Rationale on the consolidated financials of UFCIC and Shield include:
• The company’s strong “level of risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR) scores at the 99.6% level”;
• Strong underwriting results from the companies’ legacy business and the expectation of profitable operational performance over the near term;
• The expansion of the group’s focus to a broader array of products, features, and potential growth beyond its current 31 state property and casualty (P&C) geographic footprint; and
• The diligence of the group’s extensive reinsurance program for enterprise risk management (ERM).
“Our proactive, conservative financial risk management culture positions us for ongoing success as we execute our innovative growth strategy,” said
Additional information about the group’s rating can be found at this link.
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