AM Best Assigns Credit Ratings to Previsor Insurance Company, MEM Protect Insurance Company, MEM Shield Insurance Company and MEM Secure Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of “a-” (Excellent) to Previsor Insurance Company (Previsor) (Centennial, CO), MEM Protect Insurance Company (MEM Protect), MEM Shield Insurance Company (MEM Shield) and MEM Secure Insurance Company (MEM Secure). The outlooks assigned to these Credit Ratings (ratings) is stable. Collectively, these companies are referred to as Underwriting Entities. All companies are domiciled in Columbia, MO, unless otherwise specified and have an intercompany pooling agreement with MEM Mutual Insurance Company (MEM) and are reinsured affiliates of MEM Mutual Insurance Group (Group).

The ratings reflect the balance sheet strength of MEM, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

MEM specializes in workers’ compensation insurance, particularly within the Midwest region. The Underwriting Entities are strategically important to the Group as MEM Protect, MEM Shield and MEM Secure were established as part of MEM’s ongoing strategic initiative, which transition from a public state-sponsored mutual insurance company to a private one, effective Jan. 1, 2025. Previsor has been a wholly owned subsidiary of MEM since its purchase in 2011. The transition will allow MEM to better serve its customers, as well as expand geographically and streamline operations. The Underwriting Entities will benefit from a 100% internal reinsurance agreement and from shared common management and operational capabilities with MEM.

This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.