WAYZATA, Minn., Oct. 13, 2022 (GLOBE NEWSWIRE) — Trean Insurance Group, Inc. (Nasdaq: TIG) (“Trean”, “the Company”), a number one supplier of services to the specialty insurance market, at present introduced that score company A.M. Best has once more affirmed the monetary energy score of “A” (Excellent) for its insurance firms Benchmark Insurance Company, Benchmark Specialty Insurance Company, American Liberty Insurance Company and 7710 Insurance Company, collectively referred to as Benchmark Insurance Group (“BIG”).
The rankings of BIG mirror its steadiness sheet energy, which AM Best assesses as very robust, in addition to its robust working efficiency, restricted business profile and applicable enterprise threat administration. BIG has held this score since May 2019. Concurrently, AM Best has affirmed the Long-Term Issuer Credit Rating (ICR) of “bbb” (Good) of the Company. The outlook of these Credit Ratings (rankings) is secure.
“The affirmation of our ‘A’ rating is a testament to our continued underwriting discipline and focus on stability. Trean’s insurance companies continue to differentiate and separate themselves as leaders in the specialty insurance market,” mentioned Julie Baron, Chief Executive Officer of Trean. “The A.M. Best ‘A’ rating is assigned only to select companies that have the financial strength and ability to meet ongoing insurance policy and financial obligations. We are very proud to hold this rating status.”
To view A.M. Best’s full launch, please go to the next hyperlink.
About Trean Insurance Group, Inc.
Trean Insurance Group, Inc. (NASDAQ: TIG) offers services to the specialty insurance market. Trean underwrites specialty casualty insurance merchandise each by way of its program companions and its personal managing basic businesses. Trean additionally offers its program companions with a spread of providers together with issuing provider providers, claims administration and reinsurance brokerage. Trean is licensed to put in writing business throughout 49 states and the District of Columbia. For extra data, please go to www.trean.com.
Forward-Looking Statements
This press launch incorporates forward-looking statements as that time period is outlined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements embrace statements that aren’t historic or present details. These statements could focus on the Company’s web revenue, money move, monetary situation, impairments, expenditures, development, methods, plans, achievements, capital construction, organizational construction, market alternatives and basic market and business situations. Such forward-looking statements may be recognized by phrases similar to “anticipate,” “estimate,” “expect,” “intend,” “plan,” “predict,” “project,” “believe,” “seek,” “outlook,” “future,” “will,” “would,” “should,” “could,” “may,” “can have,” “likely” and related phrases. Forward-looking statements are based mostly on administration’s present expectations and assumptions about future occasions. These statements are solely predictions and should not ensures of future efficiency. Forward-looking statements contain dangers and uncertainties that might trigger precise outcomes to vary materially from these within the forward-looking statements if the underlying assumptions show to be incorrect or in consequence of dangers, uncertainties, and different components, together with the impression of the COVID-19 pandemic on the business and operations of the Company, our program companions and different business relations. Other components which will trigger such variations embrace the dangers described within the Company’s filings with the U.S. Securities and Exchange Commission, together with the Company’s Annual Report on Form 10-Okay for the yr ended December 31, 2021. These forward-looking statements communicate solely as of the date on which they’re made. Except as required by relevant securities legal guidelines, the Company disclaims any obligation to replace or revise any forward-looking assertion, whether or not in consequence of new data, future developments, adjustments in assumptions or in any other case. Investors are cautioned to not place undue reliance on the forward-looking statements contained on this press launch or in different filings and public statements of the Company.
Contacts
Trean Investor Relations
[email protected]
+1 (952) 974-2260
