A.M. Best Company has reaffirmed HAI Group’s financial strength and issuer credit ratings of “A (Excellent)” and “a”.
The ratings cover the Housing Authority Risk Retention Group, Housing Authority Property Insurance and Housing Enterprise Insurance Company.
The group provides property and liability coverage to public housing authorities and their affiliated operations throughout the US.
In addition, A.M. Best affirmed the financial strength rating of “A- (Excellent)” of Housing Specialty Insurance Company.
According to A.M. Best, the ratings of HAI Group acknowledge its excellent capitalisation, very strong operating results, leading position, and proven expertise in the niche public housing authority market.
Dan Labrie, president and CEO of HAI Group, commented: “We are proud that A.M. Best had once again rated our companies as ‘A (Excellent)’ with a stable outlook.”
He added: “The diligence put forth by our employees can be seen by our strong underwriting results. We will continue working hard to maintain our positive rating.”
