AM Best Affirms Credit Rating of FCCI Insurance Company
SARASOTA, Fla., June 16, 2025 /PRNewswire/ -- AM Best has affirmed the Financial Strength Rating of A (Excellent) for FCCI Insurance Company and its subsidiary insurers1 of FCCI Insurance Group (FCCI). The outlook assigned to this Credit Rating is stable.
The affirmation on June 10, 2025, reflects FCCI's strong balance sheet, operating performance, and appropriate enterprise risk management. "We are pleased that AM Best continues to recognize our financial strength and commitment to long-term stability," said Cina Welch, President & CEO of FCCI Insurance Group. "This rating reinforces our ability to deliver on the promises we make to our policyholders, agents, and partners."
1 FCCI Insurance Group includes insurer subsidiaries Brierfield Insurance Company, FCCI Specialty Insurance Company, Monroe Guaranty Insurance Company, and National Trust Insurance Company. As part of a planned wind down, FCCI Commercial Insurance Company and FCCI Advantage Insurance Company surrendered their Florida certificates of authority and are no longer part of the AM Best rating process. Their business was fully absorbed within FCCI Insurance Group's other admitted carriers years ago, with no disruption to our agency partners, claimants, and policyholders.
About AM Best
AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore, and Mexico City. For more information, please visit www.ambest.com.
About FCCI
FCCI Insurance Group (FCCI) provides commercial property and casualty insurance, risk control services, and surety bonds. FCCI writes business exclusively through more than 3,800 independent agents in 20 states, plus Washington, D.C. Coverages include auto, crime, cyber liability, equipment, excess & surplus, property, general liability, inland marine, umbrella, and workers' compensation. Contract and commercial surety bonds are written in 45 states.
FCCI insures over 12,000 policyholders across various industries, including agribusiness, construction, manufacturing, medical and professional, restaurants and hospitality, retail, service and repair, and wholesale and distribution. FCCI has $3.3 billion in assets, $1.2 billion in direct written premium, and is rated A (Excellent) by A.M. Best Company. FCCI has regional and branch offices in Florida, Georgia, Indiana, Mississippi, Texas, and Virgina. For more information, please visit www.fcci-group.com.
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SOURCE FCCI Insurance Group