A.M. Best raised the financial strength rating of Meadowbrook Insurance Group and its subsidiaries from “B-double-plus” (very good) to “A-minus” (excellent).
“These ratings actions reflect Meadowbrook's continued excellent underwriting, consistent operating improvements, solid capitalization and management's expertise in the alternative risk market,” the agency said.
Also mentioned was the significant increase in earnings over the past three years.
Southfield, Mich.-based Meadowbrook's chief executive officer, Robert Cubbin, said the upgrade “validates our commitment to create value through excellent underwriting and consistent operating performance.”
The carrier specializes in alternative risk products such as captive formations and rent-a-captives and also offers traditional commercial and personal lines products.
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