A.M. Best has affirmed the financial strength ratings of A (Excellent) and the issuer credit rating of "a" for Caring Communities, a Reciprocal Risk Retention Group (CCrRRG) (District of Columbia) and Caring Communities Insurance Company (CCIC) (Cayman Islands). The outlook for all ratings has been affirmed as stable.
"We should all be very proud of this achievement," shared Chad Swigert, Vice President and Chief Financial Officer at Caring Communities. "Congratulations and thank you to the Caring Communities’ Members, Directors, Committee Members, Business Partners, and Management Team. The adherence to our core principles continues to generate very strong financial results for Caring Communities and our Members."
Caring Communities has been rated A (Excellent) for the last 6 years. Of the approximately 220 risk retention groups, Caring Communities is one of 24 risk retention groups with an AM Best rating of A (Excellent) rating or better.
About AM Best
Founded in 1899, A.M. Best Company is the leading full-service credit rating organization dedicated to serving the insurance industry. Policyholders refer to Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles.
Ratings are issued on over 3,500 companies in more than 80 countries worldwide. Best's Credit Ratings are recognized as a benchmark for assessing a rated organization's financial strength as well as the credit quality of its obligations. AM Best produces dozens of products and services containing Best's Credit Ratings and related analysis. They cover 16,000 insurance companies globally through a wide range of analytical resources, references, directories and periodicals that provide insurance professionals and consumers with the critical information they need to make informed business decisions.
A.M. Best has offices in the U.S., London, Hong Kong, Dubai, Mexico City and Singapore. View the company's history to learn more about its role in the global insurance industry.
About Caring Communities
Caring Communities, a Reciprocal Risk Retention Group, is the leading member-owned provider of professional, general, and excess liability insurance protection, education, and risk management services for the country's preeminent not-for-profit providers of senior care and housing. Membership in Caring Communities represents a long term strategic opportunity for mission based providers to work with the industry's innovators and leaders - to further their mission in creating the safest environments and best risk management practices for their residents and employees. Caring Communities is owned and governed exclusively by its Members.