AM Best Revises Outlooks to Positive for American Inter-Fidelity Exchange
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of American Inter-Fidelity Exchange (AIFE) (Merrillville, IN).
- AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of American Inter-Fidelity Exchange (AIFE) (Merrillville, IN).
- The outlooks revised to positive reflect AIFE’s strong organic surplus growth that has taken place over the previous five-year period, further enhancing its very strong balance sheet strength assessment.
- The shift has led to consistent levels of favorable reserve development over the most recent five-year period as CAL exposures run off.
- AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.