AM Best Comments on Credit Ratings of ALPS Property & Casualty Insurance Company Following Merger Announcement With Ohio Bar Liability Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of ALPS Property & Casualty Insurance Company (ALPS) (Missoula, MT) remain unchanged following the May 6, 2026, announcement that ALPS has entered into a definitive agreement to acquire the Ohio Bar Liability Insurance Company (OBLIC), a leading provider of professional liability insurance for attorneys in Ohio.

ALPS specializes in providing professional liability coverage for attorneys and smaller-sized law firms with broad geographic diversifications. AM Best has determined that ALPS’ credit profile will likely not change after the acquisition, given OBLIC’s much smaller premium writings, a similar customer base and an overall similar credit profile. The deal is expected to close following regulatory approvals.

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