First Speciality Insurance Corporation (FSIC) has been upgraded by AM Best from A (VII) to A (XV).
FSIC is a subsidiary of GE Global Insurance and an affiliate of Employers Reinsurance Corporation.
"This increased rating augments FSIC's existing A ("Excellent") rating and reflects our company's commitment to FSIC as a strategically important vehicle for our business strategies," said Louis Parker, president & chief executive of GE Commercial Insurance.
"We are delighted that Best would recognize FSIC's strong financial position as a nonadmitted carrier."
