Merchants Remains Stable as AM Best Downgrades Surety Industry
May 11, 2020
AM Best recently downgraded the outlook for the surety segment from stable to negative due to the pandemic’s probable effects on the economy.
However, Merchants Bonding Company reports that, even though we are essentially a surety only company, AM Best affirmed Merchants’ “A” Excellent rating with a stable outlook.
Merchants continues to be a surety industry leader with our consistent, disciplined approach to common sense underwriting.
With nearly our entire staff working from home across the country, business has continued as usual with no interruptions. All of Merchants associates continue to be committed our agent partners and dedicated to providing first-class experiences for all.