Arbella Earns Upgraded Financial Strength Rating from AM Best
QUINCY, Mass., October 22, 2020 – The Arbella Insurance Group (“Arbella”) is pleased to announce AM Best, a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry, has upgraded the Financial Strength Rating of Arbella from A- (Excellent) to A (Excellent) and the Long-Term Issuer Credit Ratings from “a-” to “a.” The updated ratings reflect the strength of Arbella’s balance sheet as well as its operating performance, neutral business profile and appropriate enterprise risk management (ERM).
“Achieving this upgrade during these tumultuous times is a defining moment for us and speaks volumes about our financial strength,” said John Donohue, president and CEO of Arbella Insurance Group. “This accomplishment reflects the hard work of our employees that have helped transform our company into a world-class organization. We are also grateful for the trust that our partner agents have had in Arbella over the years. This upgrade from AM Best reaffirms that we are committed to excellence and are a very strong company."
The increased ratings reflect Arbella’s strengthened risk-adjusted capitalization and is supported by the favorable trends seen in loss reserve development, surplus growth and an enhanced reinsurance program. AM Best also recognized Arbella’s proven ability to effectively operate within the New England area through competitive pricing programs and enhanced data analytics.
The full announcement from AM Best can be found here.
About the Arbella Insurance Group
Established in 1988, the Arbella Insurance Group (www.arbella.com) is an A rated company by AM Best, with more than $800 million in revenue and approximately $1.8 billion in assets. Headquartered in Quincy, Massachusetts, Arbella is a customer-focused, regional property and casualty insurance company, providing commercial insurance products in Massachusetts, Connecticut, Rhode Island and New Hampshire, and personal insurance products in Massachusetts and Connecticut. Recognized as one of the Boston Business Journal’s “Best Places to Work” for 12 consecutive years, Arbella is deeply committed to maintaining high levels of employee satisfaction and supporting a positive and inclusive workplace culture. Arbella attributes its success to their dedicated employees, strong agent partnerships and community focus.
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