Pacific Specialty Insurance Company has received affirmation of AM best ‘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 Insurance Company Property and Casualty Company, and the Pacific Specialty Insurance Company Insurance Group.
The decision of the rating committee was unanimous, and formally reflects their opinion that Pacific Specialty Insurance Company 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 AM best A rating is great news for our management team and agency partners, explains Pacific Specialty Insurance Company CFO David Biewer.