AM Best Affirms Credit Ratings of Quanta Insurance Company, Inc.
30 6월 2023 - 2:22AM
Business Wire
AM Best has affirmed the Financial Strength Rating of A-
(Excellent) and the Long-Term Issuer Credit Rating of “a-”
(Excellent) of Quanta Insurance Company, Inc. (QIC) (Houston, TX).
The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect QIC’s balance sheet strength, which AM Best
assesses as very strong, as well as its adequate operating
performance, neutral business profile and appropriate enterprise
risk management.
QIC is a single parent captive of Quanta Services, Inc. [NYSE:
PWR], a leading specialized contracting services company,
delivering comprehensive infrastructure solutions for the utility,
communications, pipeline and energy industries. QIC was domiciled
in Texas in 2017 and writes, on a direct basis, workers’
compensation, commercial auto and general liability coverages to
its parent and affiliated entities on an occurrence basis. QIC’s
captive orientation not only affords the company with ready access
to business, but it also benefits from its parent’s extensive
training, fleet management, loss control initiatives and workplace
safety.
AM Best remains the leading rating agency of alternative risk
transfer entities, with more than 200 such vehicles rated in the
United States and throughout the world. For current Best’s Credit
Ratings and independent data on the captive and alternative risk
transfer insurance market, please visit
www.ambest.com/captive.
This press release relates to Credit Ratings that have been
published on AM 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 see AM Best’s
Recent Rating Activity web page. For additional
information regarding the use and limitations of Credit Rating
opinions, please view Guide to Best's Credit Ratings.
For information on the proper use of Best’s Credit Ratings, Best’s
Performance Assessments, Best’s Preliminary Credit Assessments and
AM Best press releases, please view Guide to Proper Use of
Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and
data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in
over 100 countries with regional offices in London, Amsterdam,
Dubai, Hong Kong, Singapore and Mexico City. For more information,
visit www.ambest.com.
Copyright © 2023 by A.M. Best Rating
Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Fred Eslami Associate Director +1 908 882
1759 fred.eslami@ambest.com
Christopher Sharkey Associate Director, Public
Relations +1 908 882 2310
christopher.sharkey@ambest.com
Daniel J. Ryan Senior Director +1 908 882
2290 daniel.ryan@ambest.com
Al Slavin Senior Public Relations Specialist +1
908 439 2318 al.slavin@ambest.com
Quanta Services (NYSE:PWR)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Quanta Services (NYSE:PWR)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024