American Contractors Indemnity Company (ACIC) was recently awarded an A- (Excellent) rating by A.M. Best Company, according to Robert Thomas, CEO of the Los Angeles-based surety bond provider.
According to Best’s Public Rating Rationale, ACIC was upgraded from B++ to A- because of its “solid capitalization, consistently favorable underwriting results and management’s focus and expertise in the surety marketplace.” Best also noted ACIC’s extensive branch office network, emphasis on small independent agents and surety markets, and use of personal indemnity and collateral as further contributions to its success.
“Being able to offer our agents and customers ‘excellent’ security along with quick service and customized underwriting has always been one of our goals,” Thomas said. “We are extremely delighted by A.M. Best’s decision which is a tribute to the hard work put forth by all of our employees.”
Established in 1994, American Contractors Indemnity Company (ACIC) is a provider of surety bonds, with 19 branch offices across the nation to serve agents and brokers.
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