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A.M. Best Co. has assigned a financial strength rating of A (Excellent) and issuer credit rating of “a+” to
Essentia Insurance Company (Essentia) (Chesterfield, MO). The outlook assigned to both ratings is stable.
The ratings largely reflect the full rating enhancement afforded to Essentia given its recent acquisition by
Markel Corporation (Markel) (Glen Allen, VA) [NYSE: MKL] and the implicit as well as explicit support provided to Essentia by an affiliate,
Evanston Insurance Company (Evanston) (Deerfield, IL), in the form of a 100% whole account quota share reinsurance agreement.