WILMINGTON, DE — AM Best has reaffirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of “a” for the U.S. insurance subsidiaries of Global Indemnity Group, LLC (NYSE: GBLI).
The ratings reflect the group’s strongest level of risk-adjusted capitalization, conservative investment strategy, prudent reserving practices, and access to capital markets through its parent company. AM Best also cited the consistent profitability of Global Indemnity’s core commercial specialty business serving small- to mid-sized markets, along with its diverse distribution channels and established franchise network.
Global Indemnity operates multiple insurance-related businesses, including underwriting agencies, specialized product and service providers, and five state-regulated carriers—all rated “A” by AM Best.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.