AM Greatest has assigned a Monetary Power Score of A- (Glorious) and a Lengthy-Time period Issuer Credit score Score of “a-” (Glorious) to Bricktown Specialty Insurance coverage Firm (BSIC) of Oklahoma Metropolis, Oklahoma. The outlook assigned to those Credit score Rankings (rankings) is secure.
The rankings mirror BSIC’s stability sheet power, which AM Greatest assesses as very sturdy, in addition to the its ample working efficiency, impartial enterprise profile and acceptable enterprise danger administration.
BSIC is a newly fashioned subsidiary of Trisura Group Ltd. (Trisura) admitted in Oklahoma, and operates as an extra and surplus traces insurer in all different states. Just like Trisura’s different subsidiary insurers, BSIC will insure program enterprise primarily, ceding most, however not all, of the publicity to third-party and affiliated reinsurers.
The rankings of BSIC additionally mirror intercompany monetary and expense sharing agreements with its final guardian, Trisura, and Trisura’s different subsidiary insurers. Moreover, the rankings think about the commonality in administration, infrastructure, operational capabilities and methods between the Trisura firms.
Supply: AM Greatest
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