AM Best Revises Outlooks to Positive for Members of HAI Group
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the insurance members of HAI Group (Cheshire, CT).
- AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the insurance members of HAI Group (Cheshire, CT).
- The revision of the outlooks to positive is driven by the group’s operating performance, which has shown sustained improvement in underwriting and operating profitability since 2017.
- HAI Group has also been the beneficiary of high persistency, adherence to price adequacy, minimal volatility, favorable loss reserve development and disciplined expense management.
- The FSR of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) have been affirmed with the outlooks revised to positive from stable for the following members of HAI Group:
Housing Authority Risk Retention Group, Inc.