A.M. Best raised the financial strength rating of MeadowbrookInsurance Group and its subsidiaries from “B-double-plus” (verygood) to “A-minus” (excellent).
|“These ratings actions reflect Meadowbrook's continued excellentunderwriting, consistent operating improvements, solidcapitalization and management's expertise in the alternative riskmarket,” the agency said.
|Also mentioned was the significant increase in earnings over thepast three years.
|Southfield, Mich.-based Meadowbrook's chief executive officer,Robert Cubbin, said the upgrade “validates our commitment to createvalue through excellent underwriting and consistent operatingperformance.”
|The carrier specializes in alternative risk products such ascaptive formations and rent-a-captives and also offers traditionalcommercial and personal lines products.
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