A.M. Best has affirmed the financial strength rating of “A++ (Superior)” and issuer credit rating of “aa+” of The Medical Protective Company (Med Pro) and its two reinsured affiliates, MedPro RRG and AttPro RRG Reciprocal.
“The ratings reflect Med Pro’s excellent capital strength, strong national business profile and extended trends of favourable operating performance.”
“The company’s continued outstanding underwriting performance is driven by disciplined underwriting standards, conservative reserving practices and a proactive claim handling philosophy,” said A.M. Best in a recent statement.
The positive ratings are also attributed to the support provided by Med Pro’s ultimate parent, Berkshire Hathaway.
Partially offsetting the positive ratings are Med Pro’s product concentration in the highly cyclical medical professional liability market and its above average concentration levels in select investments.
