Applied Medico-Legal Solutions Risk Retention Group (AMS RRG) was assigned a Financial Strength Rating of A- (Excellent) and an Issuer Credit Rating of “a-“ by A.M. Best. The rating was obtained in part due to an adverse development cover (ADC) that AMS RRG obtained from Genesis Legacy Solutions (Genesis).
According to a press release by A.M. Best, AMS RRG’s risk-adjusted capitalization is strong, and the company maintains surplus growth through required capital contributions from policyholders. The release also notes that while AMS RRG has had “subpar results” in the past, recent performance has been on par with its peers after “adjusting for swing rated reinsurance.”
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