2020-08-14
AM Best Awards A (Excellent) Rating to United Educators for 21st Consecutive Year
Bethesda, MD — United Educators Insurance (UE), a reciprocal risk retention group serving educational institutions, is proud to announce that AM Best has affirmed its A (Excellent) financial strength rating, financial size IX for the 21st 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, favorable business profile, and appropriate enterprise 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 “very strong level of capitalization, favorable operating performance, and expertise as a niche writer."
“In this era of tremendous uncertainty, we’re pleased that AM Best continues to recognize UE as a financially stable alternative for institutions seeking our education-specific expertise,” said Janice M. Abraham, President and CEO. “Our commitment to serving K-12 schools, colleges, and universities enables these institutions to focus on their unique mission and adapt their strategic goals to address the dynamic environment in which they operate."
UE is a licensed insurance company owned and governed by more than 1,600 members representing thousands of schools, colleges, and universities throughout the United States. UE members range from small, private schools to multi-campus public universities.