MedAmerica News
AM Best - MedAmerica Mutual's Outlook Positive
MedAmerica Mutual
Thursday, July 13, 2006
Thursday, July 13, 2006
For Immediate Release
July 13, 2006
MedAmerica Mutual's Outlook Positive
MedAmerica Mutual Risk Retention Group, Inc. has received notice that AM Best has
increased the Company to a "positive" outlook. At the same time, AM Best (the
industry's rating agency) has reconfirmed the Company's rating of B++ (Very Good).
Gloria H. Everett, President & Chief Executive Officer, welcomed the news of AM
Best's assessment. Ms. Everett stated "The change in outlook to positive means the
Mutual is receiving recognition for delivering consistent positive financial results
through disciplined underwriting, implementation of good risk management
programs, and adherence to investment guidelines." Ms. Everett believes the Mutual
is poised to continue increasing the Company's exceptional financial results as staff
remains focused on maintaining an underwriting ratio of less than 100 by proactively
managing claims and operating expenses.
The Mutual's 2005 combined ratio was 89.7% while the total surplus increased by
12%. The Mutual, a self-managed captive, has a strong business position in its niche
market, insuring emergency physicians and their medical groups. More information
on MedAmerica Mutual can be learned at www.mmrrg.com.
July 13, 2006
MedAmerica Mutual's Outlook Positive
MedAmerica Mutual Risk Retention Group, Inc. has received notice that AM Best has
increased the Company to a "positive" outlook. At the same time, AM Best (the
industry's rating agency) has reconfirmed the Company's rating of B++ (Very Good).
Gloria H. Everett, President & Chief Executive Officer, welcomed the news of AM
Best's assessment. Ms. Everett stated "The change in outlook to positive means the
Mutual is receiving recognition for delivering consistent positive financial results
through disciplined underwriting, implementation of good risk management
programs, and adherence to investment guidelines." Ms. Everett believes the Mutual
is poised to continue increasing the Company's exceptional financial results as staff
remains focused on maintaining an underwriting ratio of less than 100 by proactively
managing claims and operating expenses.
The Mutual's 2005 combined ratio was 89.7% while the total surplus increased by
12%. The Mutual, a self-managed captive, has a strong business position in its niche
market, insuring emergency physicians and their medical groups. More information
on MedAmerica Mutual can be learned at www.mmrrg.com.