RetailFirst Insurance Group has received a financial strength rating of B++ (Good) from A.M. Best Co. The rating is based on the consolidated financial results of RetailFirst Insurance Co. and BusinessFirst Insurance Co., which operate under an inter-company reinsurance pooling arrangement collectively referred to as RetailFirst Insurance Group.
RetailFirst and BusinessFirst are Florida-based mono-line workers' compensation carriers with total assets of $269.8 million and a policyholder surplus of $128.3 million as of June 30, 2011. Both are backed by Midwest Employers Casualty Co., rated A+ (Superior) by A.M. Best.
RetailFirst provides workers' compensation coverage to Florida businesses. BusinessFirst offers policies in Florida, Kentucky, North Carolina and Tennessee. Together, the companies insure more than 11,000 businesses.
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