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AM Best Upgrades Union Mutual Rating to Excellent with Stable Outlook May 4, 2021
AM Best has upgraded the financial strength rating to A (excellent) from A- (excellent) and the long-term issuer credit ratings to “a” from “a-” of Union Mutual Fire Insurance Company, the lead property/casualty company and its wholly owned subsidiary, New England Guaranty Insurance Company Inc., as well as its mutual affiliate, Community Mutual Insurance Company, which are collectively referred to as Union Mutual of Vermont Companies.
Union Mutual Fire and New England Guaranty are domiciled in Montpelier, Vermont, while Community Mutual is domiciled in Latham, New York. The outlook of these credit ratings was revised to stable from positive.
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AM Best Upgrades Credit Ratings for Members of Union Mutual of Vermont Companies
April 22, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Apr 22, 2021
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” from “a-” of Union Mutual Fire Insurance Company (Union Mutual Fire), the lead property/casualty company and its wholly owned subsidiary, New England Guaranty Insurance Company, Inc. (New England Guaranty), as well as its mutual affiliate, Community Mutual Insurance Company (Community Mutual), which are collectively referred to as Union Mutual of Vermont Companies (Union Mutual). Union Mutual Fire and New England Guaranty are domiciled in Montpelier, VT, while Community Mutual is domiciled in Latham, NY. The outlook of these Credit Ratings (ratings) was revised to stable from positive.