Excellent Rating for Insurance Specialist
- AM Best affirms the Performance Assessment of Excess Reinsurance Underwriters Inc.
- Excellent underwriting capabilities, governance, internal controls, financial condition and organizational talent
- Strong depth and breadth of relationships
- Focus on risk selection, product offerings and experienced executive team
AM Best has affirmed the Performance Assessment of PA-2 (Excellent) of Excess Reinsurance Underwriters Inc. (Excess Re), a managing general underwriter specializing in specific and aggregated medical stop loss insurance across 50 states. The company’s underwriting performance is considered excellent, thanks to its focus on risk selection, product offerings, and an experienced executive team. Excess Re has a well-developed proprietary underwriting system that allows for customization and implementation of new or expanded coverage options. AM Best considers the governance and internal controls to be excellent, as well as the organizational talent based on the long-tenured underwriting and executive team. The depth and breadth of relationships is strong, derived from expertise in underwriting and access to business rather than program diversification.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Excess Reinsurance Underwriters Inc.’s performance assessment by AM Best, including details on their underwriting capabilities, governance, financial condition, organizational talent, relationships, and more. It also includes relevant background information about the company’s focus on niche markets and its relationship with Argo Capital Group Ltd. The article is free from sensationalism, redundancy, and personal perspective.
Noise Level: 1
Noise Justification: The article is focused on a specific company’s performance assessment in the insurance industry and may not be relevant or useful for readers who are not directly involved in that sector. It provides no actionable insights or new knowledge that can be applied outside of this context.
Private Companies: Excess Reinsurance Underwriters Inc.,Argo Capital Group Ltd.
Key People:
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the Performance Assessment of Excess Reinsurance Underwriters Inc., focusing on its underwriting capabilities, governance, financial condition, organizational talent, and relationships. It mentions the company’s excellent financial results and stable sources of income. However, it does not directly impact financial markets or specific companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: No market move size mentioned.
Sector: Healthcare
Direction: Up
Magnitude: Large
Affected Instruments: Stocks
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