A.M. Best Revises Outlooks for Rockingham Insurance Credit Rating
February 2, 2022 – A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of ‘a’ (Excellent) of Rockingham Insurance Company and its affiliates: Rockingham Casualty Company and Rockingham Specialty, Inc. Founded in 1869, the companies are collectively referred to as Rockingham Group, a national Personal Lines, Commercial Lines, and Specialty Lines Insurer, headquartered in Harrisonburg, VA.
“The credit rating reflects the company’s balance sheet strength, which AM Best assessed as very strong, adequate operating performance, and appropriate enterprise risk management” said Robert Lyon, President & CEO. “We’ve taken actions to strengthen underwriting results, which include rate increases, re-underwriting our book of business and reducing the growth of new business in 2022.”
A.M. Best Rating Services, Inc. is a global credit rating company with a unique focus on the insurance industry. For more information, visit http://ambest.com or http://www.ambest.com/ratings/methodology.
About Rockingham Insurance
Rockingham Insurance is a property & casualty insurance company providing coverage for homes, autos, farms, rental properties, and businesses. Rockingham Insurance includes; Rockingham Insurance Company, Rockingham Casualty Company, Rockingham Mutual Service Agency, and Rockingham Specialty, Inc. Headquartered in Harrisonburg, Virginia, Rockingham Insurance is eligible to write business in all fifty states. For over 150 years, Rockingham has been insuring the people and companies that make our community grow and thrive. Rockingham holds an “A” Excellent rating with A.M. Best Company, a highly regarded assessor of the financial and management stability of insurance companies. Visit https://rockingham.insure for more information.