AM Best Upgrades Credit Ratings of BlueShore Insurance Company
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from “bbb+” of BlueShore Insurance Company (BlueShore) (Austin, TX). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect BlueShore’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The ratings recognize the improved earnings that have been realized as BlueShore has transitioned from being a first-dollar insurance provider to primarily a default risk liability insurer, which historically has shown…