{"id":5400,"date":"2026-05-13T22:31:00","date_gmt":"2026-05-13T20:31:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=ac0b18fdfbd68759ce3fab606baceb9f"},"modified":"2026-05-13T22:31:00","modified_gmt":"2026-05-13T20:31:00","slug":"am-best-downgrades-credit-ratings-of-arrow-mutual-liability-insurance-company","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=5400","title":{"rendered":"AM Best Downgrades Credit Ratings of Arrow Mutual Liability Insurance Company"},"content":{"rendered":"

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to \u201cbbb+\u201d (Good) from \u201ca-\u201d (Excellent) of Arrow Mutual Liability Insurance Company (Arrow) (Chestnut Hill, MA). The outlook of these Credit Ratings (ratings) has been revised to stable from negative.<\/p><\/a><\/a>

\nThe ratings reflect Arrow\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management (ERM).<\/p>

\nThe rating downgrades reflect Arrow\u2019s persistent underwriting and operating losses, which have not demonstrated sustained improvement as the company has generated an underwriting gain in only one of the past 10 years. Although Arrow reported favorable results in 2024, those results benefited from non-recurring reserve activity. Results weakened in 2025, with the company reporting an underwriting loss driven in part by elevated expenses associated with the former CEO\u2019s estate lawsuit, which was settled in 2025. These results compare unfavorably with companies assessed at the adequate operating performance level and are more consistent with AM Best\u2019s marginal operating performance assessment.<\/p>

\nArrow\u2019s balance sheet strength assessment is supported by its strongest level risk-adjusted capitalization, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), at year-end 2025, and liquidity metrics that compare favorably with the industry. Arrow\u2019s BCAR has remained at the strongest level despite surplus declines in recent years. These strengths are partially offset by historical surplus volatility, limited financial flexibility and the company\u2019s dividend-oriented operating model.<\/p>

\nThe limited business profile assessment reflects Arrow\u2019s narrow product focus as a monoline workers\u2019 compensation writer, its limited number of policyholders and its geographic concentration in Massachusetts.<\/p>

\nArrow\u2019s ERM assessment is appropriate for the company\u2019s size, scale and focused risk profile. Risk management practices are supported by policyholder selection, underwriting and loss control measures, as well as the use of third-party specialists.<\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best's Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nThomas Keelan<\/b>Financial Analyst<\/b>+1 908 882 1925<\/b>thomas.keelan@ambest.com<\/a><\/p>

\nEdin Imsirovic<\/b>Director<\/b>+1 908 882 1903<\/b>edin.imsirovic@ambest.com<\/a><\/p>

\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a><\/p>

\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

OLDWICK, N.J.–(BUSINESS WIRE)–#insurance–AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to \u201cbbb+\u201d (Good) from \u201ca-\u201d (Excellent) of Arrow Mutual Liability Insurance Company…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5400","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5400"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5400\/revisions"}],"predecessor-version":[{"id":5401,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5400\/revisions\/5401"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}