AM Best Revises Outlook to Positive of Excess Reinsurance Underwriters

AM Best has revised the outlook to positive from stable of Excess Reinsurance Underwriters Inc. in Woodbury, New Jersey. Excess Re is a managing general underwriter specializing in medical stop loss insurance for a variety of entities across 50 states. The rating agency also affirmed the Performance Assessment for Excess Re of PA-2 (Excellent). AM Best said the assessment reflects Excess Re’s “excellent underwriting capabilities, excellent governance and internal controls, excellent financial condition, excellent organizational talent and excellent depth and breadth of its relationships.” The positive outlook reflects Excess Re’s favorable underwriting metrics, which AM Best said have consistently outperformed industry peers. In addition, Excess Re’s long track record of stability in conjunction with favorable profitability margins underpins the positive outlook. The company’s underwriting performance is considered by AM Best to be excellent as shown by favorable loss ratios relative to peers. Excess Re has a proprietary underwriting system, which supports full-lifecycle policy servicing and enables customized implementations and new or expanded coverage options. AM Best’s assessment of Excess Re’s financial condition is excellent. The company has a track record of profitable financial results supported by stable sources of income. Furthermore, the consistency of financial results and sustained favorable profitability margins are viewed as positive factors in Excess Re’s financial condition assessment. Topics Trends Excess Surplus Underwriting AM Best Reinsurance Was this article valuable? Thank you! Please tell us what we can do to improve this article. Thank you! % of people found this article valuable. Please tell us what you liked about it. Here are more articles you may enjoy.