OLDWICK, N.J.--(BUSINESS WIRE)--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.
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