A.M. Best Assigns Credit Ratings to FFVA Select Insurance Co.

OLDWICK, N.J.--()--A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to FFVA Select Insurance Co. (FFVA Select) (Maitland, FL), a newly formed member of FFVA Mutual Insurance Group. The outlook assigned to these Credit Ratings (ratings) is stable. Additionally, A.M. Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” of FFVA Mutual Insurance Co. (FFVA Mutual) (Maitland, FL). The outlook of these ratings is stable.

FFVA Select is a wholly owned subsidiary of FFVA Mutual. The ratings of FFVA Mutual are being extended to FFVA Select given the explicit support provided through a 100% reinsurance arrangement. FFVA Select will provide the new two-member group with additional rate flexibility by offering preferred rates to qualifying insureds.

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. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.

Contacts

Carl Altenburg, +1 908 439 2200, ext. 5213
Senior Financial Analyst
carl.altenburg@ambest.com
or
Jacqalene Lentz, CPA, +1 908 439 2200, ext. 5762
Director
jacqalene.lentz@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com

Contacts

Carl Altenburg, +1 908 439 2200, ext. 5213
Senior Financial Analyst
carl.altenburg@ambest.com
or
Jacqalene Lentz, CPA, +1 908 439 2200, ext. 5762
Director
jacqalene.lentz@ambest.com
or
Christopher Sharkey, +1 908 439 2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com