A.M. Best Affirms A+ (Superior) Rating
A.M. Best Affirms A+ (Superior) Rating of Berkley Life and Health Insurance Company
June 9, 2017 – Hamilton Square, NJ – Berkley Accident and Health, a Berkley Company, announced today that A.M. Best has affirmed the A+ (Superior) Financial Strength Rating of Berkley Life and Health Insurance Company. The A+ (Superior) rating is the second-highest of 15 ratings assigned by A.M. Best. The outlook of the rating is stable.
According to A.M. Best, the A+ rating for Berkley Life and Health Insurance Company reflects the financial and operational support of W. R. Berkley Corporation, continued profitable growth in net premium revenue, and a favorable risk-adjusted capital position. A.M. Best also mentioned Berkley Life and Health Insurance Company’s continued strategic expansion in the accident and health market, primarily in the medical stop loss space.
“As a risk management leader, maintaining superior financial strength is an important foundation for our business. Our customers and distribution partners can trust that we provide the stability and strength they need,” said Christopher Brown, President and CEO of Berkley Accident and Health. “We are pleased that A.M. Best recognizes our financial reliability, strong operating performance, and growing stop loss business.”
For more information on the A.M. Best rating affirmations, see A.M. Best’s news release.
About Berkley Accident and Health
Berkley Accident and Health is a member company of W. R. Berkley Corporation, a Fortune 500 company. Berkley Accident and Health provides an innovative portfolio of accident and health insurance products. It offers four categories of products: Employer Stop Loss, Group Captive, Managed Care (including HMO Reinsurance and Provider Excess), and Specialty Accident. The company underwrites Stop Loss coverage through Berkley Life and Health Insurance Company, rated A+ (Superior) by A.M. Best. Not all products and services are available in every jurisdiction, and the exact coverage provided is subject to the actual terms and conditions of the policies as issued. For more information, please visit BerkleyAH.com or BenefitsCaptives.com.
Berkley Accident and Health
2445 Kuser Road, Suite 201
Hamilton Square, NJ 08690