Prime Earns 'A' Financial Stability Rating
The Prime Insurance Syndicate Inc. ("Prime") announced that it has earned a Financial Stability Rating of "A" (Exceptional) from Demotech Inc. This level of Financial Stability Rating indicates that Prime's balance sheet reflects excellent liquidity, an acceptable level of financial leverage as measured by total liabilities to net worth, and a balanced portfolio of investments.
Prime is a wholly owned subsidiary of Prime Holdings Insurance Services Inc. and maintains offices in Salt Lake City and Chicago. Prime Holdings is an insurance holding company for its suite of excess and surplus lines service organization, offering products for hard-to-place risks, including homeowners, commercial property and casualty, recreation, and commercial auto and garage liability. Incorporated in 1992, Prime operates in all 50 U.S. states, Canada and the U.S. Virgin Islands.
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