BOSTON--(BUSINESS WIRE)--Bunker Hill Insurance Group today announced that its Financial Strength Rating has been upgraded to A- (“Excellent”) and its Long-Term Issuer Credit Ratings to “a-” by A.M. Best Rating Services, Inc., the world’s oldest and most authoritative insurance rating and information source. The rating, which was issued along with a revised outlook of “stable,” reflects Bunker Hill’s strong operating performance, risk-adjusted capitalization strategies and balance sheet strength, which A.M. Best categorized as “very strong.”
“We’re proud to have received the upgraded financial strength rating from A.M. Best,” said Bill Martin, CEO of Bunker Hill Insurance Company. “We have continued to invest in our home insurance group and are committed to remaining a leading writer of account business for our independent agents. Our innovative products and features – like our quick quoting application which delivers a bindable home insurance quote in seconds – will position us for future success.”
Bunker Hill offers home insurance to customers in Massachusetts and Connecticut. Together with its auto insurance affiliate Plymouth Rock Assurance Corporation, Bunker Hill works with more than 700 independent agents, helping them grow their businesses through its innovative hybrid distribution model, which delivers policies and leads to participating agents.
Bunker Hill independent agent and President of Gordon Atlantic Insurance Geoff Gordon offered this comment in reaction to the news: “Our agency has a longstanding relationship with Plymouth Rock and Bunker Hill and we are pleased to see Bunker Hill’s financial strength rating upgraded by A.M. Best. Plymouth Rock and Bunker Hill have demonstrated strong operating performance and a willingness to invest in their property line of business. Those factors, combined with an independent rating from by a respected organization like A.M. Best, give our agency continued confidence to highly recommend their products to our clients.”
About Bunker Hill Insurance
Headquartered in Boston, Bunker Hill Insurance Company provides home insurance to customers in Massachusetts and Connecticut. It was started in 1996 with one objective: to become the premier provider of home insurance products in New England. Today, the company and its subsidiaries protect over 50,000 families from damage due to fire, theft or accident.
Bunker Hill Insurance Company is part of The Plymouth Rock Group of Companies, which provides personal and commercial auto insurance and home insurance through several separate underwriting companies. Each company is financially responsible only for its own insurance products and actual coverage is subject to the language of the policies as issued by each separate company.
The Plymouth Rock Group of Companies was founded in 1982 by Jim Stone. Taken together, the group’s companies write and manage more than $1.3 billion in auto and home insurance premiums across Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania.
For more information, visit bunkerhillins.com.