News by sections

News by region
Issue archives
Archive section
Emerging talent
Emerging talent profiles
Domicile guidebook
Guidebook online
Search site
Features
Interviews
Domicile profiles
Generic business image for news article Image: Shutterstock

20 July 2017
Oldwick
Reporter Becky Butcher

Share this article





Superior ratings for MedGroup Pro

A.M. Best has affirmed financial strength rating of “A++ (Superior)” and long-term issuer credit rating of “aa+” of the members of MedPro Group.

The ratings apply to The Medical Protective Company, its affiliates Princeton Insurance Company, PLICO, Commercial Casualty Insurance and Atlanta International Insurance Company, as well as its two reinsured affiliates, MedPro RRG Risk Retention Group and AttPro RRG Reciprocal Risk Retention Group.

According to A.M. Best, the ratings reflect MedPro’s excellent balance sheet strength, long-term operating performance, and the significant market position it maintains in the medical professional liability sector.

The ratings benefit from the explicit and implicit financial support provided by the ultimate parent, Berkshire Hathaway, including reinsurance programmes, investment opportunities and capital support.

The ratings agency suggested that partially offsetting these ratings are the challenges involved with being a mono-line medical professional liability insurer.

Subscribe advert
Advertisement
Get in touch
News
More sections
Black Knight Media