Friday, September 22, 2023
HM Insurance Group Company Ratings Affirmed by AM Best - 2023
Following the annual financial review, AM Best affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) for HM Life Insurance Company, HM Life Insurance Company of New York and Highmark Casualty Insurance Company, all part of HM Insurance Group (HM). The outlook for all ratings is stable.
These ratings reflect balance sheet strength, which AM Best assesses as strongest, as well as adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM).
“AM Best’s continued acknowledgement of our financial strength is important for clients to have confidence when placing their business with us,” Mark Lawrence, president, HM Insurance Group, said. “We’re a stable, well-capitalized carrier, and our clients can count on our ability to deliver the financial risk protection they need.”
The companies of HM Insurance Group were reviewed as part of the annual evaluation of Highmark Inc., of which HM is a diversified business.
About HM Insurance Group
HM Insurance Group (HM) works to protect businesses from the financial risk associated with health care costs. A recognized leader in Employer Stop Loss, the company delivers protection for a range of group sizes. HM also offers custom, client-specific Accident and Health quota share and excess loss reinsurance solutions for carriers and health plans and excess loss insurance for providers.
HM Life Insurance Company, HM Life Insurance Company of New York and Highmark Casualty Insurance Company are all rated “A” (Excellent) by AM Best Company. Through its insurance companies, HM Insurance Group holds insurance licenses in 50 states and the District of Columbia and maintains sales offices across the country.
Why HM
A strong, experienced carrier, HM responds to market changes and works with clients to ensure their coverage needs are met through expert risk assessment and exceptional service.
