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AM Best Revises Issuer Credit Rating Outlooks to Stable for Members of Andover Companies Pool

Jun 10, 2021 - Business Wire

AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term ICRs of "a+" (Excellent) for the members of Andover Companies Pool (Andover), which consists of Merrimack Mutual Fire Insurance Company and its majority-owned subsidiary, Bay State Insurance Company, and its affiliate, Cambridge Mutual Fire Insurance Company. The outlooks of the FSRs are stable. All c...