A.M. Best Assigns Ratings to ISMIE Indemnity Company

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to ISMIE Indemnity Company (ISMIE Indemnity) (Chicago, IL). The outlook assigned to both ratings is stable.

The ratings are based upon the explicit support provided by its parent, ISMIE Mutual Insurance Company (ISMIE Mutual), in the form of an intercompany quota share agreement. Administrative services for the company are also provided by ISMIE Mutual.

ISMIE Indemnity provided medical professional liability coverage for physicians employed by hospitals that were insured by the Illinois Provider Trust between 2001 and 2003. ISMIE Indemnity ceased providing coverage on Dec. 31, 2003, and now plans to offer existing ISMIE Mutual policyholders coverage for their operations in states where ISMIE Mutual is not licensed.

This press release relates to rating(s) that have been published on A.M. Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best’s Ratings & Criteria Center.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

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A.M. Best
Susan Molineux, 908-439-2200, ext. 5829
Senior Financial Analyst
[email protected]
or
Charles M. Huber, 908-439-2200, ext. 5122
Assistant Vice President
[email protected]
or
Christopher Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
[email protected]
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
[email protected]

Source: A.M. Best

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