E&S writer Prime wins AM Best upgrade

Excess and surplus (E&S) lines insurer Prime Insurance
Company has had its financial strength rating upgraded by AM Best
to A from A-.
The outlook has been revised from positive to stable, the
ratings agency said today.
AM Best said that it had upgraded the Chicago-based E&S
insurer owing to its "excellent" underwriting
profitability and the "strong" levels of capitalisation
needed to support growth initiatives.
It said that they also reflected its partnership with RLI via
reinsurance an