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 Federated Reserve Insurance Company (Federated Reserve) (Owantonna, MN). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect the execution of an inter-company pooling agreement under which Federated Reserve will assume a 2.5% participation in a pool led by its parent, Federated Mutual Insurance Company (Federated Mutual). Federated Reserve and Federated Mutual are rating unit members of Federated Mutual Group (Federated).
Federated provides a range of commercial and personal property/casualty coverages, as well as group accident and health business, throughout the United States. Federated Reserve was formed in 2016 to expand Federated’s existing platform, enabling the group to enter into higher risk markets.
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.
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