AM Best Assigns Credit Ratings to Lasso Healthcare Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A++ (Superior) and a Long-Term Issuer Credit Rating of “aa+” (Superior) to Lasso Healthcare Insurance Company (Lasso) (Indianapolis, IN). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect Lasso’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and very strong enterprise risk management (ERM).

The very strong balance sheet assessment reflects Lasso’s strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), as well as its conservative investment portfolio. The assessment also considers the financial support provided by its parent, HCC Life Insurance Company (HCC Life).

The adequate operating performance assessment reflects the historical performance of the established captive program medical stop-loss business that will transition to Lasso. Although Lasso has yet to issue policies under its current strategy, HCC Life has written the underlying business for approximately 15 years, during which it has generated positive operating results. Management expects profitability to continue through the initial transition and deployment on Lasso paper. The continuity of personnel, management and operating infrastructure should support a smooth transition of the business.

The very strong ERM assessment for Lasso reflects Lasso’s integration into the established ERM framework of HCC Life and the broader Tokio Marine organization. Lasso will utilize the same management, systems, economic modeling and risk-management infrastructure as HCC Life. Lasso also benefits from established reinsurance oversight and participates in a whole-account quota-share arrangement within the Tokio Marine organization.

Finally, the ratings also recognize the operational and financial support provided by Lasso’s parent, ultimate parent and affiliated entities within the Tokio Marine organization. By helping alleviate the channel conflict at HCC Life, Lasso now assumes a role in supporting Tokio Marine’s broader international strategy and diversification of revenues and customer segments.

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 © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.