AM Best Assigns ‘A’ Rating to Nebraska’s Summit Specialty Insurance January 15, 2021
The outlook assigned to these ratings is stable.
SSIC is a newly formed member of ReAlign Insurance Group (ReAlign).
The ratings reflect SSIC’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The ratings reflect the addition of SSIC to the group’s intercompany reinsurance pooling agreement, as well as SSIC’s strategic importance to ReAlign. SSIC will write excess & surplus lines business.
The ratings also reflect the execution risk associated with the intercompany pooling agreement and onboarding any new program business that SSIC will underwrite.