05 Jul 2018

UPDATE: AmTrust Financial Group A.M. Best Rating

Dear Valued Brokers and Agents:

We wanted to take this opportunity to comment on the recent rating revision of AmTrust Financial Group. A.M. Best announced it has removed AmTrust Group from under review with negative implications and downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “a” for the members of the AmTrust Group (AmTrust).

A.M. Best also noted the following:

“The rating actions reflect AmTrust’s balance sheet strength, which A.M. Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management (ERM.)

Risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), improved through the first quarter of 2018, primarily related to a reduction in investment risk following the sale of certain private and related party investments that carried substantial risk charges. The balance sheet assessment also reflects AmTrust’s relatively modest exposure to natural catastrophe and terrorism events, which is reflected in favorable performance on stress tests of its risk-adjusted capitalization. The group maintains a panel of quality reinsurers, and has substantial security from its largest reinsurer in the form of a trust account.” Click Here to see the full report

Euclid Exec has been successful in differentiating itself with underwriting expertise and superior service. We understand the impact this rating change potentially has with our mutual clients and apologize for any disruptions this causes. We will work tirelessly to mitigate any concerns you might have.

We are always available.




Paul and Jim