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/PRNewswire/ -- Tower Hill Insurance Exchange (Exchange) is pleased to announce the completion of our Florida reinsurance program ahead of the June 1 renewal...

The downgrade of one of Tower Hill's insurance companies by AM Best financial rating firm, announced the day that Hurricane Ian nosed into southwest

AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating to“ bbb-” from“ bbb” of Tower Hill Prime Insurance Company. Furthermore, Tower Hill Prime, as is typical of Florida property writers and their risk exposure, has elevated gross underwriting leverage reflective of its reinsurance programs. In response to recent...

Press release content from Business Wire. The AP news staff was not involved in its creation. AM Best Downgrades Issuer Credit Rating of Tower Hill Prime Insurance Company April 8, 2021 GMT OLDWICK, N.J.--(BUSINESS WIRE)--Apr 8, 2021-- AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Tower Hill Prime Insurance Company (Tower Hill Prime) (Gainesville, FL). The outlook of the FSR has been revised to negative from stable, while the outlook of the Long-Term ICR is negative. The ...

Best Downgrades Ratings of Tower Hill Prime Insurance of Florida December 11, 2020 AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Tower Hill Prime Insurance Co., headquartered in Gainesville, Fla. The outlook of the FSR has been revised to stable from negative, while the outlook of the Long-Term ICR is negative. Best said the ratings reflect Tower Hill Prime’s balance sheet strength, which AM Best categorizes as very strong, ...