CARE Risk Retention Group is pleased to announce that it has earned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc.
CARE is backed by AmTrust Financial Group. AmTrust is a multinational property and casualty reinsurer specializing in coverage for small-to-midsized businesses. AmTrust’s financial stability is based on a philosophy of niche diversity with a focus on low-hazard risk.
CARE continues to remain strong and sound financially. It should be noted that an RRG is subject to more regulation than any traditional insurance carriers, is required to operate under a defined and filed business plan, and is subject to the same NAIC reporting requirements including IRIS and Risk Based Capital tests as a traditional insurance company. The CARE financial statements are also closely monitored by Demotech, Inc.