AM Best removed the financial strength rating of A+ (Superior) and the issuer’s long-term credit rating of “aa” (Superior) from
AM Best withdrew these ratings as AIC is no longer a venture entity and is not currently part of any reinsurance or pooling arrangements that would warrant support from another entity. AM Best does not currently perform ratings on non-risk bearing entities. Should AIC once again become a venture entity, the company would be eligible to participate in AM Best’s interactive rating process.
This press release relates to credit ratings that have been published on AM Best’s website. For all rating information relating to the release and relevant disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Assessment Activity Web page. For more information on the use and limitations of credit rating opinions, please see Best Credit Score Guide. For more information on the proper use of Best’s credit scores, Best’s preliminary credit assessments, and AM Best’s press releases, please see Guide to Proper Use of Best’s Ratings and Reviews.
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Source: AM Best