A.M. Best Assigns Ratings to Americas Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has assigned a financial strength rating of B (Fair) and an issuer credit rating of "bb" to Americas Insurance Company (Americas) (New Orleans, LA). The outlook assigned to both ratings is stable.

Americas' positive rating factors include its low underwriting leverage and conservative investment portfolio. Additionally, Americas' management has good local market knowledge, and the current risk profile is supported by adequate reinsurance coverage.

Americas' ratings also reflect the current capitalization at the holding company, geographic concentration in Louisiana and its homeowners' product offering. As a single state writer in a catastrophe-exposed region, earnings are exposed to frequent and severe weather-related events. In addition, Americas is exposed to regulatory and competitive concerns.

For Best's Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.



A.M. Best Co.

Analysts:

Frederick DeLeon, 908-439-2200, ext. 5175

frederick.deleon@ambest.com

or

Gary Davis, 908-439-2200, ext. 5665

gary.davis@ambest.com

or

Public Relations:

Jim Peavy, 908-439-2200, ext. 5644

james.peavy@ambest.com

or

Rachelle Morrow, 908-439-2200, ext. 5378

rachelle.morrow@ambest.com

Source: A.M. Best Co.