A.M. Best Co. Affirms A- "Excellent" Financial Strength Rating for Builders Insurance Group
ATLANTA, Aug. 12, 2013 /PRNewswire/ -- A.M. Best Company, a worldwide insurance-rating and information agency, has affirmed the financial strength rating of A- "Excellent" with a Stable outlook for all member companies of Builders Insurance Group. A.M. Best's rating is assigned after a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile.
According to A.M. Best, the rating reflects Builders Insurance Group's "strong risk-adjusted capitalization, historically profitable operating performance, generally favorable loss reserve development trends, and established market presence providing Workers' Compensation and General Liability coverage. Additionally, the rating reflects management's prudent risk selection process, effective loss control practices and proactive claims management, which contribute to historically strong business retention."
"Best's rating is a reflection of our Board, staff and partner agencies commitment to create the solid financial foundation necessary for delivering the highest quality of service and coverage options to our policyholders," said Patrick Mitchell, President and CEO of Builders Insurance Group.
Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the insurance industry. Policyholders refer to Best's ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles.
About Builders Insurance Group
More than 16,000 policyholders in residential and light commercial construction as well as a variety of non-construction fields rely on Builders Insurance Group to protect their most important assets – people and property. Over a span of two decades, the company has evolved into a dynamic, financially secure and dedicated partner with a philosophy of providing outstanding products, backed by exceptional customer service and easy-to-use technology solutions. Headquartered in Atlanta, the company delivers innovative Workers' Compensation, General Liability, Property and Umbrella insurance through independent agents to customers throughout the Southeastern, Mid-Atlantic and Midwestern United States as well as Colorado, Oklahoma, Texas and Utah. Builders Insurance Group and all of its member companies are rated A- (Excellent) VIII by A.M. Best Company. For more information, please visit our Web site at www.bldrs.com.
SOURCE Builders Insurance Group