Kroll Bond Rating Agency has assigned an insurance financial strength rating of BBB- to Specialty Risk of America.
The rating agency has also assigned an issuer rating of BB- to the ultimate holding company, Specialty Risk of America LLC.
The outlook for both ratings is stable.
The rating for Specialty Risk of America reflects recent positive operating and underwriting results, adequate capitalization and methodical execution of its strategy to modernize the company to optimally serve its market niches, Kroll said.
