SOUTHFIELD, Mich., June 4 /PRNewswire-FirstCall/ -- Meadowbrook Insurance Group, Inc. announced today the affirmation of A.M. Best Company's financial strength rating of A- (Excellent) for its subsidiary insurance carriers. A.M. Best also affirmed the issuer credit rating for Meadowbrook of "bbb-" and its subsidiary insurance carriers of "a-." The outlook for all ratings is stable.
In its news release, A.M. Best stated: "The ratings reflect Meadowbrook's continued, favorable underwriting and operating performance, solid capitalization and management's expertise in the alternative risk market. The ratings also recognize the significant improvement in earnings during the past four years, which has steadily improved capitalization."
Meadowbrook's President and Chief Executive Officer, Robert S. Cubbin, stated: "We appreciate the rating actions of A.M. Best and consider them a strong validation of our consistent underwriting, operating performance and overall capitalization."
About Meadowbrook Insurance Group
A leader in the specialty program management market, Meadowbrook is a risk management organization, specializing in alternative risk management solutions for agents, professional/trade associations, and small to medium-sized insureds. Meadowbrook Insurance Group, Inc. common shares are listed on the New York Stock Exchange under the symbol "MIG". For further information, please visit Meadowbrook's corporate web site at http://www.meadowbrook.com/.
Certain statements made by Meadowbrook Insurance Group, Inc. in this release may constitute forward-looking statements. Please refer to the Company's most recent 10-K, 10-Q, and other filings with the Securities and Exchange Commission for more information on risk factors. Actual results could differ materially. These forward-looking statements involve risks and uncertainties including, but not limited to, the following: the frequency and severity of claims; uncertainties inherent in reserve estimates; catastrophic events; a change in the demand for, pricing of, availability or collectibility of reinsurance; increased rate pressure on premiums; ability to obtain rate increases in current market conditions; investment rate of return; changes in and adherence to insurance regulation; actions taken by regulators, rating agencies or lenders; attainment of certain processing efficiencies; changing rates of inflation; and general economic conditions. Meadowbrook is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
