Pacific Specialty Insurance Company has received affirmation of an ‘A’ rating (Excellent) from A.M. Best, the world leader in assessing the financial strength of insurance companies. The official affirmation also comes with a “stable” outlook for Pacific Specialty Insurance Company, Pacific Specialty Property and Casualty Company, and the Pacific Specialty Insurance Group.
The decision of the rating committee was unanimous, and formally reflects their opinion that Pacific Specialty insurance operations have an excellent ability to meet ongoing policy and contract obligations. Further, the “stable” outlook indicates low likelihood of a rating change due to stable financial and market trends.
“Although we anticipated this result, receiving formal affirmation of our “A” rating is great news for our management team and agency partners,” explains Pacific Specialty CFO David Biewer.