Napa, California—August 26, 2016—A.M. Best has affirmed The Doctors Company’s financial strength rating of “A” (Excellent), its issuer credit rating (ICR) of “a” (Excellent), and its “stable” outlook. The A (Excellent) rating is assigned only to select companies with excellent ability to meet ongoing insurance policy and contract obligations. The “a” ICR is assigned to entities that have an excellent ability to meet their ongoing senior financial obligations.
The ratings apply to the parent group, The Doctors Company, An Interinsurance Exchange (The Doctors Company), and its wholly owned subsidiary, TDC Specialty Insurance Company.
The ratings agency recognized The Doctors Company and TDC Specialty Insurance Company for strong risk-adjusted capitalization, profitable operating performance, and The Doctors Company’s leading U.S. market position. This position as the nation’s largest physician-owned medical malpractice insurance company has been achieved through profitable underwriting, favorable reserve development, strong patient safety and risk management programs, and successful acquisition strategy, A.M. Best noted.
TDC Specialty Insurance Company’s ratings, the agency added, benefit from the explicit support from The Doctors Company, which includes intercompany reinsurance.
“We are pleased that A.M. Best continues to recognize The Doctors Company’s exceptional financial strength and mission-driven operational excellence,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company.
About The Doctors Company
Founded and led by physicians, The Doctors Company (www.thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 78,000 members and $4.3 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings.
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About A.M. Best
A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source.