Medmarc announced yesterday that it is to become part of ProAssurance, a $5-billion dollar organization with an A.M. Best rating of "A." Shortly thereafter, A.M. Best issued a Press Release on the likely effect of this merger on Medmarc's own rating, stating. "A.M. Best Co. has placed under review with positive implications the financial strength of A- (Excellent) and issuer credit rating of 'a-' of Medmarc Casualty Insurance Company and Noetic Specialty Insurance Company." The Release further states that "the positive implications reflect the potentially positive impact for Medmarc Group should it become a member of the ProAssurance organization in the future."
Click here to read the full Press Release from A.M. Best.
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
No comments:
Post a Comment