AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Jet Insurance Company, following the close of the acquisition of Jet by Amherst Specialty Insurance Company (ASIC) on Dec. 15, 2025.
Jet provides property/casualty coverage, primarily surety bonds, in the admitted market and is joining ASIC as a 100% wholly owned subsidiary. ASIC is a Texas-domiciled excess and surplus lines insurer and plans to utilize Jet as part of its longer-term strategy to directly write policies in the admitted market.
The ratings for Jet will remain under review with developing implications as AM Best conducts additional dialogue with ASIC’s management team to get a clearer understanding of the strategic importance going forward.
Source: AM Best
Topics Mergers & Acquisitions AM Best
Was this article valuable?
Here are more articles you may enjoy.
Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts 
What 124 Future Business Leaders Really Think About AI and Work 
El Niño Likely Strongest in 75 Years, US Forecasters Say 
Midtown Manhattan Buildings Evacuated After Collapse Warning 
