AM Best Revises Outlooks to Positive for Anchor General in California May 27, 2021
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb+” (Fair) of Anchor General Insurance Co. in San Diego, Calif., and Pacific Star Insurance Co. in Madison, Wis., a subsidiary of Anchor General.
The Credit Ratings of Anchor General reflect its balance sheet strength, which AM Best assesses as adequate, as well as adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings of Pacific Star reflect its balance sheet strength, which AM Best assesses as very strong, as well as adequate operating performance, limited business profile, appropriate ER, and rating drag due to direct ownership by Anchor General.