AM Best Calls AmTrust Balance Sheet “Very Strong” While Affirming A- (Excellent) Rating  

Dear Agent Partner,

I am pleased to share that, today, AM Best affirmed the Financial Strength Rating (FSR) of A- (Excellent) and Stable Outlook for the members of the AmTrust Group. AM Best also affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” for the members of the AmTrust Group, with a Stable Outlook.

AmTrust continues to be well-capitalized and positioned to support you and your business for the long term.  

In its press release, AM Best noted AmTrust’s balance sheet strength, which it categorizes as very strong, as well as AmTrust’s high-quality capital profile. Our risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), was assessed in the very strong category.

AM Best also stated that, “AmTrust remains among the largest providers of workers’ compensation insurance in the United States, and its business is well-diversified geographically.”

AM Best also recognized the improving effectiveness of AmTrust’s risk management framework, commenting that “with changes made during 2017 and 2018 to bolster management and financial reporting capabilities, the framework is continuing to develop and becoming embedded throughout the organization.”

AmTrust deeply appreciates your ongoing support. We are well-positioned to continue to partner with you and your business now and in the future.

The FSR of A- (Excellent) and the Long-Term ICRs of “a-” have been affirmed with stable outlooks for the following members of the AmTrust Group:

• AmTrust Captive Solutions Limited
• AmTrust Europe Limited
• AmTrust Insurance Company of Kansas
• AmTrust Insurance Luxembourg S.A.
• AmTrust International Insurance Ltd
• AmTrust International Underwriters Designated Activity Company
• ARI Insurance Company
• Associated Industries Insurance Company, Inc.
• CorePointe Insurance Company
• Developers Surety and Indemnity Company
• First Nonprofit Insurance Company
• Heritage Indemnity Company
• Indemnity Company of California
• Milford Casualty Insurance Company
• Republic Fire and Casualty Insurance Company
• Republic Lloyds
• Republic Underwriters Insurance Company
• Republic-Vanguard Insurance Company
• Rochdale Insurance Company
• Security National Insurance Company
• Sequoia Indemnity Company
• Sequoia Insurance Company
• Southern County Mutual Insurance Company
• Southern Insurance Company
• Southern Underwriters Insurance Company
• Technology Insurance Company, Inc.
• Wesco Insurance Company

We look forward to continuing to keep you updated on our progress and efforts to further serve you and your clients.

Sincerely,

Barry Zyskind
Chairman, President and CEO
AmTrust Financial Services, Inc.