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A.M. Best has maintained the under review with negative implications status on the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of
WRM America Indemnity Company (WRMAI) (Uniondale, NY). The rating actions follow the acquisition of
The Wright Insurance Group, LLC (TWIG), with the exception of WRMAI, by Brown & Brown, Inc.
With WRMAI being the exception, under the terms of the transaction and subject to regulatory approvals, B&B will be acquiring 100% of the membership interests of TWIG and its subsidiaries. A.M. Best expects to finalize WRMAI’s ratings once its strategic plan is completed.