American Capital Assurance downgraded to CCC+ from A- by AM Best
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider US is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

American Capital Assurance downgraded to CCC+ from A- by AM Best

Florida insurer American Capital Assurance (AmCap) has been downgraded from A- to CCC+ by AM Best and stripped of its Demotech rating altogether, the rating agencies said in statements on Friday.

AM Best described AmCap’s balance sheet strength as “very weak” and operating performance and enterprise risk management as “marginal”, putting the insurer’s rating under negative review.

The

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article