NasdaqGS:PLMRInsurance
How Investors May Respond To Palomar Holdings (PLMR) Subsidiary’s AM Best Rating Upgrade
AM Best recently upgraded First Indemnity of America Insurance Company, a Palomar Holdings subsidiary, raising its Financial Strength Rating to A (Excellent) and Long-Term Issuer Credit Rating to “a” (Excellent), with outlooks revised to stable.
This higher rating for a key subsidiary underscores the insurance group’s assessed very strong consolidated balance sheet strength, which can influence counterparties’ confidence and business opportunities across Palomar’s specialty lines.
We’ll now...