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2020 News Stories

HM Insurance Group’s Financial Strength Affirmed by AM Best

September 11, 2020

Following the annual review of financial results, the Financial Strength Ratings (FSR) of HM Life Insurance Company and HM Life Insurance Company of New York were affirmed as “A” (Excellent) by AM Best Company, which also upgraded the rating of Highmark Casualty Insurance Company to A (Excellent) from A- (Excellent). The outlook for all ratings is stable. “Continued acknowledgement of our financial strength by AM Best gives both brokers and clients confidence in our ability…

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HM Insurance Group Purchases Interest in AST Risk for Growth in the Level Funded Market

June 2, 2020

HM Insurance Group (HM) has made a strategic investment in AST Risk, a leading Managing General Underwriter (MGU) for small group level funding programs managed through third party administrators (TPAs). The transaction enables the expansion of HM’s national share of the small group market that is seeking self-funded solutions backed by stop loss insurance.

HM’s investment represents a one-third interest in AST Risk, which also is owned by Allied National, one of the nation’s oldest…

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