AM Best places TRUE's ratings under review following Gallatin Point deal
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AM Best places TRUE's ratings under review following Gallatin Point deal

Thorsten Schier
January 05, 2024
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AM Best has placed the financial strength and long-term issuer credit ratings of Trusted Resource Underwriters Exchange (TRUE), A- and a- respectively, under review with negative implications following the announcement of a deal by Gallatin Point to acquire a majority stake in the reciprocal.

“The under review with negative implications status reflects the significant changes in ownership and overall business strategy and the impact these may have on the credit ratings,” the agency said late Friday.

“At

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