AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Rock Ridge Insurance Co. (Rock Ridge) in North Danville, Indiana.
The outlook assigned to the ratings is stable.
The ratings reflect Rock Ridge’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Rock Ridge, a property/casualty insurer, was acquired Clear Blue Insurance Group in 2018. The AM Best ratings consider Rock Ridge’s affiliation with Clear Blue Insurance. Factors supporting this relationship are the company’s role and strategic importance to the group’s strategy; common ownership; common management; explicit and implicit support, including significant reinsurance programs; and an expectation of future financial and operational support.
Source: A.M. Best
Topics AM Best
Was this article valuable?
Here are more articles you may enjoy.
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
US P/C Insurers Post Biggest Q1 Underwriting Profit in 25 Years 
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
Comulate Loses Appeal for Injunction Against Applied Systems 
