Accredited Surety and Casualty, Randall and Quilter Group’s property and casualty insurer, has had its financial strength rating of A- (excellent) affirmed by A.M. Best.
The Florida-based insurer is licensed to write business in all 50 US states.
Accredited’s ratings reflect the company’s balance sheet strength, categorised by A.M. Best as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
According to the ratings agency, the outlook of Accredited’s ratings are stable as it expects “operating results will continue to be profitable”.
Earlier in the year, Accredited had its A- group rating raised from VI to VII due to its increase capital base and surplus.
