This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

A.M. Best Upgrades Ratings Of AmTrust Financial Services, Inc. And Its Subsidiaries

A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of AmTrust Group (AmTrust) (New York, NY) and its property/casualty members, which operate through an intercompany quota share reinsurance arrangement with AmTrust International Insurance, Ltd. (AII) (Hamilton, Bermuda).

Concurrently, A.M. Best has upgraded the FSR to A (Excellent) from A- (Excellent) and ICR to “a” from “a-” of IGI Insurance Company Ltd. (IGI) (United Kingdom). Additionally, A.M. Best has upgraded the ICR to “bbb” from “bbb-” of the parent holding company, AmTrust Financial Services, Inc. (AFSI) (headquartered in New York, NY) (NASDAQ: AFSI). The outlook for all ratings has been revised to stable from positive. (See below for a detailed list of the companies.)

The rating actions reflect AmTrust’s solid balance sheet strength, sustained strong operating performance within its niche market segments and the benefits derived from AFSI, including AFSI’s commitment to maintain sufficient capital as well as to provide access to additional capital should it be needed to support the group’s expanding operations. AmTrust has been successful in executing its business plan, which is focused on growth through acquisition of renewal rights offerings and established books of business at appropriate rates, terms and conditions, further benefitting from its expandable underwriting platform that generates significant expense savings.

Partially offsetting these positive factors are the group’s continued growth in both premium volume and associated liabilities in recent years, primarily achieved through renewal rights transactions, and the inherent risk associated with integrating new business.

Despite these concerns, the outlook recognizes AmTrust’s strong sustained operating results within its market segments, its ongoing access to capital and commitment to prudent underwriting through its proven business platform.

The rating actions on IGI acknowledge the company’s strong risk-adjusted capitalization, solid underwriting and operating performance within its niche market segments and the implicit and explicit support provided by ASFI, including financial flexibility and reinsurance support afforded through an intercompany quota share agreement with AII.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AFSI $61.98 0.00%
AAPL $110.38 0.00%
FB $92.07 0.00%
GOOG $626.91 0.00%
TSLA $247.57 0.00%


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs