Merchants Maintains Upgraded AM Best Rating

June 10, 2024

Merchants Bonding Company earned a notable confirmation of our strength, with AM Best affirming Merchants' existing rating. AM Best upgraded our long-term ICR in 2023, and maintaining that improved rating is an important indicator of our strength and stability in the surety industry. 

Merchants' CFO Elisabeth Sandersfeld says "The affirmation of Merchants’ AM Best financial strength rating (FSR) at "A" and issuer credit rating (ICR) at "a+", with a stable outlook, reflects our very strong balance sheet and consistently profitable operating performance, which is better than nearly all of our peer group. Our AM Best rating is a competitive advantage in the market, as agents and principals seek strong and stable carriers to write their bonds. We are proud of our A rating!"

Each year, AM Best meets with the leaders of insurance companies to review performance and provide quantitative and qualitative evaluations of balance sheet strength, operating performance, business profile, and enterprise risk management. AM Best ratings are a critical indicator of a company's financial strength, and widely used by agents and principals to select their business partners.

View Merchants' AM Best Company Profile here.

Click HERE for a guide to the AM Best rating system.