Meadowbrook Insurance Group Inc.’s group rating of its insurance company subsidiaries has been upgraded to “B+” (Very Good), with a positive outlook, by A.M. Best Company. The upgrade reflects Meadowbrook’s improved financial condition as a result of its recent successful equity offering. It applies to Meadowbrook’s four insurance company subsidiaries: Star Insurance Company, Savers Property & Casualty Insurance Company, Ameritrust Insurance Corporation and Williamsburg National Insurance Company. The outlook is positive.
Meadowbrook Insurance Group maintains a strong market position as a provider of risk-management services to business associations, affinity groups and individual businesses. The group also is benefiting from improved market conditions and reduced competition as several players in this arena have recently exited the market, either voluntarily or involuntarily. The rating acknowledges the prudent risk-selection process and effective loss-control practices.
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