Why did the Ironshore companies receive a rating of A− despite more than $1 billion of invested capital?
A.M. Best requires at least 5 years of “seasoning” for any new insurance company to receive any rating higher than A−. We are pleased to have received Best’s highest new company rating and have every expectation that we will receive a rating of A or higher as our business matures. In the interim, for those clients who require an A rated carrier, we do have access via a fronting arrangement to A rated paper in most states.
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