AM Best assigns credit ratings to Four Points Insurance Company Ltd.

OLDWICK, NJ–(BUSINESS WIRE)–AM Best assigned a financial strength rating of A- (Excellent) and a long-term credit rating of “a-” (Excellent) to Four Points Insurance Company Ltd. (Four Points) (Langley, BC). The outlook attributed to these Credit Ratings (ratings) is stable.

The ratings reflect the strength of Four Points’ balance sheet, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate management of business risks.

Four Points is a new subsidiary of the Mutual Fire Insurance Company of British Columbia (Mutual Fire) and operates as a property and casualty insurer in five provinces. Four Points will leverage Mutual Fire’s existing relationships with managing general agent partners to deliver targeted business in small to medium sized business and middle market business risks. Four Points’ ratings also reflect financial security with Mutual Fire and commonalities in management, infrastructure, operational capabilities and systems between Four Points and Mutual Fire.

This press release relates to credit ratings that have been published on AM Best’s website. For all ratings information relating to the release and relevant disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit AM Best’s Recent Ratings Activity webpage. For more information on the use and limitations of credit rating opinions, please see Best’s Guide to Credit Ratings. For more information on the proper use of Best’s Credit Scores, Best’s Performance Ratings, Best’s Preliminary Credit Ratings, and AM Best’s press releases, please see the Guide to Proper Use of Best’s Best ratings and reviews.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in more than 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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