Bancinsurance Corp. today announced that the financial strength rating for Ohio Indemnity Co., a wholly-owned subsidiary, has been reaffirmed at A- (excellent) by A.M. Best Co. Ohio Indemnity’s issuer credit rating was also reaffirmed at “A-“. Additionally, the outlook for both ratings remains stable.
John Sokol, president, said, “We are pleased with A.M. Best’s decision to reaffirm Ohio Indemnity’s financial strength and issuer credit ratings. These ratings enable us to continue implementing our focused growth strategy for our specialty insurance products.”
Headquartered in Columbus, Ohio, Bancinsurance Corp. is principally engaged through its property and casualty insurance subsidiary, Ohio Indemnity Co., in underwriting specialty insurance.
Source: Bancinsurance Corp.
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
‘Structural Shift’ Occurring in California Surplus Lines 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
