AM Best Upgrades Credit Ratings of Foresight's Carrier MS Transverse to A (Excellent)
SAN FRANCISCO, May 10, 2023 /PRNewswire/ -- Foresight Commercial Insurance , the workers' compensation provider that reduces claims frequency with proprietary safety technology, today announced that its carrier, MS Transverse Insurance Group , received upgraded credit ratings by AM Best and now holds "A" (Excellent) in both Financial Strength and Long-Term Issuer Credit Ratings.
- SAN FRANCISCO, May 10, 2023 /PRNewswire/ -- Foresight Commercial Insurance , the workers' compensation provider that reduces claims frequency with proprietary safety technology, today announced that its carrier, MS Transverse Insurance Group , received upgraded credit ratings by AM Best and now holds "A" (Excellent) in both Financial Strength and Long-Term Issuer Credit Ratings.
- In March 2022, MS Transverse's reserves rating was upgraded from A- VII to A- VIII (seven to eight).
- "We are pleased that AM Best has recognized our progress towards building the preeminent solution for MGAs, Program Managers, and their clients.
- Our new involvement with MS&AD Insurance Group bodes well for us to continue this journey," said Ric Victores, MS Transverse Head of Business Development.