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.
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