AM Finest has upgraded the Monetary Power Ranking (FSR) to A+ (Superior) from A (Wonderful) and the Lengthy-Time period Issuer Credit scor
AM Finest has upgraded the Monetary Power Ranking (FSR) to A+ (Superior) from A (Wonderful) and the Lengthy-Time period Issuer Credit score Ranking (Lengthy-Time period ICR) to “aa-” (Superior) from “a” (Wonderful) of Michigan Millers Mutual Insurance coverage Firm based mostly in Lansing, Michigan, a newly added subsidiary of Western Nationwide Insurance coverage Pool (Western Nationwide).
The outlook of those Credit score Scores (rankings) has been revised to steady from optimistic.
The rankings mirror Michigan Millers’ steadiness sheet power, which AM Finest assesses as strongest, in addition to its robust working efficiency, impartial enterprise profile and applicable enterprise danger administration.
Concurrently, these score assignments observe a regulatory approval and mirror the participation of Michigan Millers as a member within the pooling settlement of Western Nationwide, efficient Jan. 1, 2026, and the project of a “p” reinsurance affiliation code.
Michigan Millers will proceed to function as a key entity inside the Western Nationwide Insurance coverage Group, bringing experience in business and specialty traces of enterprise.
Western Nationwide’s rankings have been prolonged to Michigan Millers as a result of vital stage of reinsurance help offered to Michigan Millers by Western Nationwide. The present rankings of Western Nationwide’s associates, FSR of A+ (Superior) and Lengthy-Time period ICRs of “aa-” (Superior), stay unchanged.
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