AM Finest Upgrades Monetary Energy Rankings for Employers Holding Subsidiaries

AM Finest has upgraded the Monetary Energy Score (FSR) of Reno, Nevada-based Employers Holdings Inc.’s subsidiaries to A (Glorious) from A- (Glorious) and their Lengthy-Time period Issuer Credit score Rankings (Lengthy-Time period ICR) to “a” (Glorious) from “a-” (Glorious).

Concurrently, AM Finest upgraded the Lengthy-Time period ICR of Employers Holdings to “bbb” (Good) from “bbb-” (Good). The outlook of every of those rankings has additionally been revised to secure from optimistic.

In response to AM Finest, the score upgrades are pushed by Employers’ stability sheet power, which AM Finest assesses as strongest, in addition to its sturdy working efficiency, restricted enterprise profile, and applicable enterprise threat administration.

Employers Holdings is a holding firm with subsidiaries which are specialty suppliers of staff’ compensation insurance coverage and providers targeted on small and mid-sized companies engaged in low-to-medium hazard industries. Insurance coverage is obtainable by way of Employers Insurance coverage Firm of Nevada, Employers Compensation Insurance coverage Co., Employers Most well-liked Insurance coverage Co., Employers Assurance Co. and Cerity Insurance coverage Co.

Subjects
Commercial Lines
Business Insurance
AM Best