OLDWICK, N.J.--(BUSINESS WIRE)--
A.M. Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” to Intrepid Insurance Company (Intrepid) (Urbandale, IA). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Intrepid’s participation in a pooling arrangement led by its parent, Berkley Insurance Company (BIC). BIC and Intrepid are rating unit members of the W. R. Berkley Insurance Group (Berkley Group) and subsidiaries of W. R. Berkley Corporation [NYSE:WRB]. The Berkley Group is one of the largest U.S. commercial lines insurance writers, focusing on providing standard and specialty products to insureds in a variety of differentiated markets. Intrepid was acquired in July 2016 to support the organization’s on-line distribution capabilities and afford additional tiering opportunities.
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.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2016 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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