“We are pleased that AM Best has once again reaffirmed our “A” rating and that we maintained it in light of tough, back-to-back weather-related loss years,” said Jeff Menary, Grinnell Mutual’s president and CEO.
GRINNELL, Iowa (PRWEB) February 15, 2023
AM Best issues another “A” rating for Grinnell Mutual
AM Best has affirmed an “A” (Excellent) Financial Strength Rating (FSR) for Grinnell Mutual. The “A” rating and stable outlook for the future apply to both Grinnell Mutual Reinsurance Company and Grinnell Select Insurance Company (GSI). Grinnell Mutual has received an “A” rating since 1991.
AM Best also gave Grinnell Compass Inc., the Grinnell Mutual Group’s newest underwriting company an FSR of “A.”
“We are pleased that AM Best has once again reaffirmed our “A” rating and that we maintained it in light of tough, back-to-back weather-related loss years,” said Jeff Menary, Grinnell Mutual’s president and CEO.
“This rating, which we have held for 32 years for Grinnell Mutual and Grinnell Select, demonstrates our financial strength, stability, and the innovative culture we have at Grinnell Mutual. And, we’re happy to add Grinnell Compass Inc. to that “A” rating.”
AM Best is a leading rating agency for assessing property-casualty companies’ financial stability.
About Grinnell Mutual
Grinnell Mutual, in business since 1909, is the 108th-largest property casualty insurance company in the United States and the largest primary reinsurer of farm mutual companies in North America. Its products are available in 17 states.
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For more information:
Jennifer Miller
Integrated Marketing Manager
jennifer.miller@grinnellmutual.com
641-269-8322