AM Best Upgrades Issuer Credit Ratings and Affirms Financial Strength Ratings of HM Insurance Group Companies
Following its annual financial review, AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) for HM Life Insurance Company, HM Life Insurance Company of New York and Highmark Casualty Insurance Company, all part of HM Insurance Group (HM). The outlook for all ratings is stable. These ratings reflect balance sheet strength, which AM Best assesses as strongest,…
HM Insurance Group Announces New Operational Leadership
After a long career with countless contributions to HM Insurance Group (HM), Dom Palmieri, chief operating officer, will retire in June. To position HM well as Palmieri transitions away from his post, the company has hired Eric Berg as senior vice president, Reinsurance, Partnerships and Operations, and promoted Kristen Baker to vice president, Operations. “It’s an important part of my job to make sure we have the right people in place to lead…