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04 August 2016
Oldwick, New Jersey
Reporter Becky Butcher

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‘Excellent’ ratings for Physicians Insurance Mutual Group

A.M. Best has assigned a financial strength rating of “A- (Excellent)” and an issuer credit rating of “a-” to MedChoice Risk Retention Group and Physicians Insurance A Mutual Company, the two companies that comprise Physicians Insurance Mutual Group.

According to A.M. Best, the affirmations of the companies are based on its strong risk-adjusted capilisation and profitable operating performance.

The ratings assigned to MedChoice Risk Retention Group take into consideration the challenges associated with it being a start-up insurer, offset by its strong alliance with Physicians Insurance A Mutual Company.

A.M. Best suggested that the group could earn a positive rating if it sustains a favourable earnings trend and strengthened capital.

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