First Indemnity Insurance Agency, Inc. was assigned a PA-3 (strong) performance rating by AM Best, who noted that the outlook assigned to the rating is stable.
BOSTON, May 17, 2022 /PRNewswire-PRWeb/ — First Indemnity Insurance Agency, Inc. has been assigned a PA-3 (Strong) performance rating by AM Best, who noted that the outlook assigned to the rating is stable.
According to AM Best, “This rating reflects First Indemnity’s strong underwriting capabilities, strong governance and internal controls, strong financial position, strong organizational talents, and depth and breadth of relationships.”
With over 30 years of experience as a managing general agent specializing in professional liability insurance products for legal professionals, First Indemnity is pleased to receive this review from AM Best.
“We go to great lengths to ensure that the insurance products we offer, not only to lawyers, but also to accountants and other professional services businesses, are carefully designed to provide maximum value and coverage for our clients. “, noted Andre Biggio, program manager at First Indemnity. “Of course, as this assessment shows, we also take exceptional care in our internal reviews, underwriting and compliance to ensure that we maintain the operational best practices necessary to warrant such designations.”
Other comments from AM Best related to its PA-3 performance assessment by AM Best included this: “The company’s financial performance indicators are considered strong. First Indemnity has delivered stable and profitable overall earnings over several periods. Operations are oriented as a capital efficient, independent small business. Current operations are within the financial capacity of the organization and are expected to remain so. All insurance risks are placed outside of the organization without any exposure retained by First Indemnity.
For more information about AM Best, its performance reviews and all relevant information, please visit the AM Best website.
ABOUT THE FIRST INDEMNITY
Founded in 1989, First Indemnity Insurance Group has continued to develop its risk management skills for the legal community. The company’s seasoned team, including in-house underwriters, prides itself on providing specialized insurance expertise and the highest level of customer satisfaction. For more information, please visit http://www.firstindemnity.net.
ABOUT AM BETTER
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Based at United Statesthe company does business in more than 100 countries with regional offices in London, amsterdam, dubai, hong kong, Singapore and Mexico City. For more information, visit http://www.ambest.com.
Rod HughesKimball Hughes PR, 610-559-7585, [email protected]
SOURCE First Indemnity