Home > Policyholder News > MagMutual Receives A (Excellent) Rating from A.M. Best
MAG Mutual Insurance Company is proud to announce to its policyholders/owners that the A.M. Best Company recently upgraded MagMutual’s financial strength rating to A (Excellent).
The A (Excellent) rating, from a leading independent source of financial information on insurance companies, affirms your company’s continuing financial strength, stability and strong footing in the industry – even during a difficult economy.
"This year's rating upgrade represents MagMutual's financial strength and stability amid a still-struggling economy," says President and CEO Joe S. Wilson, Jr., MD. "This shows our physician-policyholders we can and will be there for them whenever they need us."
A.M. Best’s rating announcement noted MagMutual’s “strong level of risk-adjusted capitalization, favorable underwriting and operating profitability over the recent five-year period, and its leadership position in providing medical professional liability coverage for healthcare providers in its core state of Georgia. Additionally, MagMutual has a seasoned geographic spread of business in other contiguous states in the Southeast, where it derives over half its volume.”
The A.M. Best report went on to comment on MagMutual’s “demonstrated ability to respond to client needs… fostered by the family of products available to policyholders, as well as extensive risk management programs.”
