OLDWICK, N.J. - (Business Wire) A.M. Best Co. has upgraded the issuer credit rating (ICR) to “bb+” from “bb” and affirmed the financial strength rating (FSR) of B (Fair) of Unique Insurance Company (Unique) (Chicago, IL). The outlook for both ratings is stable. The upgrading of Unique’s ICR reflects its consistently favorable operating results and surplus growth. The company’s FSR recognizes its elevated expense and underwriting leverage ratios and concentration of risk in Illinois, writing non-standard automobile insurance. The outlook is based on the long-term consistency of Unique’s operating results.
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A.M. Best Co.
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Bob Podolski, 908-439-2200, ext. 5731
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Public Relations
Jim Peavy, 908-439-2200, ext. 5644
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or
Rachelle Morrow, 908-439-2200, ext. 5378
rachelle.morrow@ambest.com
