Mount Logan unit Ability Insurance wins AM Best B+ financial strength rating - MLCI News | RalliesMount Logan unit Ability Insurance wins AM Best B+ financial strength rating
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MLCI• AM Best assigns ratings and stable outlook
- AM Best assigned Ability Insurance a B+ financial strength rating, a “bbb-” long-term issuer credit rating.
- Stable outlook. Balance sheet strength assessed as adequate. Risk-adjusted capitalization viewed as strong under BCAR.
- Surplus growth cited. Parent capital contributions expected to support projected growth.
- AM Best flagged a limited business profile as Ability pivots into direct-written annuities from annuity reinsurance and LTC run-off.
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