These Credit Ratings (ratings) apply to
The ratings reflect MedPro’s excellent balance sheet strength, long-term operating performance, and the significant market position it maintains in the medical professional liability (MPL) sector. The ratings also consider the group’s substantial distribution capabilities and prudent claims handling philosophy. Furthermore, the ratings benefit from the explicit and implicit financial support provided by the ultimate parent, Berkshire Hathaway Inc. [
Partially offsetting these positive rating factors are the inherent challenges associated with being a predominately mono-line MPL insurer, particularly as they relate to price competition, changing market dynamics, potential changes in legislative (tort) reform, increasing loss cost trends and regulatory challenges. At the same time,
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
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