AM Best Awards A (Excellent) Rating to United Educators for 22nd Consecutive Year
Bethesda, Md. — United Educators Insurance (UE), a reciprocal risk retention group serving K-12 schools, colleges, and universities, is proud to announce that AM Best has affirmed its A (Excellent) financial strength rating, Financial Size Category IX for the 22nd consecutive year, along with an a+ (Excellent) issuer credit rating since 2010.
AM Best reported that the ratings reflect UE’s very strong balance sheet, adequate operating performance, and appropriate risk management practices. They stated that UE’s business profile is “favorable due to a strong market position and diversification of risk by region and type of institution.” In addition, the rating reflects UE’s “dual risk management approach with both quantitative and qualitative methods for risk management.”
“We welcome the AM Best rating as a reflection of UE’s continued operation as a financially stable partner for institutions seeking our education-specific expertise,” says Sean Barnes, UE’s Vice President of Finance and Administration & Chief Financial Officer. “Our commitment remains steadfast to help the education community focus on their important mission amidst a period of tremendous uncertainty by operating efficiently and implementing appropriate risk management practices.”
For the latest Best’s Credit Rating, access www.ambest.com.
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UE is education’s answer to the distinct risks and opportunities institutions face. UE provides liability insurance and risk management services to more than 1,600 members representing K-12 schools, colleges, and universities throughout the United States. Founded in 1987 as a risk retention group, UE is owned and governed by the institutions it insures. UE addresses our members’ unique risks through thoughtful underwriting resulting in appropriate coverage.