Spurred by A.M. Best, STICO Successfully Expands Membership

In 2018, Vermont-domiciled STICO Mutual Insurance Company Ins. Co. Risk Retention Group (STICO) saw its outlook from A.M. Best downgraded to negative. STICO’s A.M Best rating is a critical component of the RRG’s operation, as many of its members require A-rated paper.

According to STICO President Colin Donovan, A.M. Best had told him that “we want to see our A-rated carriers demonstrate consistent premium growth year after year.”

This is an except, for the complete article subscribe to the Risk Retention Reporter.

Leave a Reply

Your email address will not be published.