A.M. Best Upgrades Several ProAssurance Subsidiary Ratings

On August 23, A.M. Best reaffirmed its A+ (Superior) rating of ProAssurance Group. Additionally, several ProAssurance Group subsidiaries received upgraded financial ratings. Financial strength is a vital quality of a healthcare liability insurer. Part of our Treated Fairly® pledge is ensuring stability and sound investments for our insureds.

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Medmarc Casualty Insurance Company (Medmarc), Noetic Specialty Insurance Company (Noetic), and Podiatry Insurance Company of America (PICA) have been upgraded from a Financial Strength Rating (FSR) of A (Excellent) to A+ (Superior) with Long-Term Issuer Credit Ratings (ICRs) of “aa-“ from “a.” Long-term ICR outlooks have also been revised to stable from positive.

ProAssurance Group, including ProAssurance Casualty Company, ProAssurance Indemnity Company, Inc., ProAssurance Specialty Insurance Company, Inc., and ProAssurance American Mutual, A Risk Retention Group were affirmed with a FSR of A+ (Superior) and Long-Term ICRs of “aa-“.

Read A.M. Best’s press release for more information.