A.M. Best has assigned a financial strength rating of A+ (Superior) and an issuer credit rating of “aa-” to Safety Specialty Insurance Co., based in St. Louis, Mo. The outlook assigned to each rating is stable.
According to A.M. Best, “The ratings reflect the company’s role as a subsidiary of Safety National Casualty Corp. Factors supporting this relationship include alignment of strategy, common ownership and management.”
Safety National acquired this excess and surplus company that began operations in March 2016 as Safety Specialty Insurance Co.
“Safety Specialty’s initial focus is on complementing Safety National’s public entity multi-line program and on new product development,” said Mark Wilhelm, CEO of Safety National. “As a result, we look forward to providing new specialty insurance solutions to our customers in the near future.”
Safety Specialty is domiciled in Missouri and offers products in all 50 states.
Source: Safety National
Related:
Topics Excess Surplus AM Best
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