A.M. Best Upgrades Evergreen Rating
A.M. Best Co. has upgraded the financial strength rating (FSR) to B+ (good) from B (fair) for Evergreen USA Risk Retention Group Inc.
According to A.M. Best Co., “Evergreen USA has exhibited noticeable improvement both in terms of operating results and risk-adjusted capital over the last few years.”
In addition, A.M. Best Co has reaffirmed the FSR of A- (excellent) for Evergreen Indemnity Ltd.
Lucas Hartford, president of International Insurance Services, said in a news release, “I am very pleased that A.M. Best has recognized the improved financial strength of Evergreen USA and upgraded the company’s rating. We have been working very hard the past few years to improve the strength of the Evergreen companies to further benefit our many loyal clients.
“I am very proud that for the past 20 years Evergreen has been able to help support the camping industry by providing quality insurance products through all market conditions. We have been and will continue to be here for the camping industry. Evergreen is very fortunate to be able to insure businesses in such a wonderful industry and we are very pleased that this increased rating by A.M. Best shows that we are more stable than ever in what we do.”