Grinnell, IA (PRWEB) March 20, 2014
Grinnell Mutual’s ‘A’ (Excellent) rating for financial strength was recently reaffirmed by A.M. Best, the insurance industry’s premier rating organization. The ‘A’ rating, combined with a stable outlook for the future, applies to both Grinnell Mutual Reinsurance Company and Grinnell Select Insurance (GSI). Grinnell Mutual has earned an ‘A’ rating from A.M. Best since 1991.
“A.M. Best is the gold standard of the property-casualty insurance industry as to the financial stability of an operation. Maintaining this rating is very important to us and it reflects that our policyholders are insured and reinsured by a very strong, financially-sound company,” said President and CEO Larry Jansen.
According to A.M. Best, “The ratings and outlooks reflect Grinnell Mutual’s strong risk-adjusted capitalization, modest five-year operating performance, focused operating strategy, and well-established market position as a leading reinsurer of farm mutuals in the Midwestern United States.”
About Grinnell Mutual
Grinnell Mutual Reinsurance Company, in business since 1909, provides reinsurance for farm mutual insurance companies and property and casualty insurance products through more than 1,600 independent agents in 12 Midwestern states. Grinnell Mutual is the 123rd largest property-casualty insurance company in the United States and the largest primary reinsurer of farm mutual companies in North America.