AM Best upgrades credit ratings of Core Specialty subsidiaries

Core Specialty Insurance and its subsidiaries announced that AM Best has upgraded the Financial Strength Ratings for the company’s property and casualty insurance subsidiaries to A (Excellent), Financial Size Category of XIII, and affirmed the Financial Strength Rating of A- (Excellent) of Standard Life and Accident Insurance Company.

“Core Specialty is proud to attain this ratings upgrade from AM Best. The A (Excellent) rating for our property and casualty insurance subsidiaries is a reflection on our balance sheet strength, operating performance, business profile, and enterprise risk management as well as evidence that we are delivering on our strategy. Core Specialty has the capital to take on risk, the underwriting talent in place, a proven and decisive leadership team, and a track record of making things happen. Collectively, and in each of our specialist niche business units, we operate with strong entrepreneurial spirit and drive, speed, agility, and empowered decision-making.” – Jeff Consolino, Founder, President and CEO of Core Specialty.