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30 October 2012
New Jersey
Reporter Jenna Jones

Hamilton Insurance gets A ratings

A.M. Best has given the financial strength rating (FSR) of “A (Excellent)” and issuer credit rating of “a+” to Hamilton Insurance, a subsidiary of BNY Mellon.

Hamilton’s ratings reflect the company’s excellent risk-adjusted capitalisation, strong liquidity and conservative operating strategy.

“Partially offsetting these positive ratings factors is Hamilton’s short operating history, limited market scope/business profile, product mix and dependence on third parties for processing, servicing and administration. Furthermore, somewhat offsetting these positive rating factors is the company’s relatively large (gross) underwriting exposures as it offers high gross insurance limits and execution risk associated with the implementation of Hamilton’s business plan,” said a statement from A.M. Best.

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