Fitch Ratings Affirms ‘A’ Ratings, ‘Stable’ Outlook for The Doctors Company
Napa, California—June 13, 2019—Fitch Ratings has affirmed its “A” (Strong) Insurer Financial Strength ratings for The Doctors Company and its wholly owned insurance subsidiaries. Fitch also announced that the rating outlook for all ratings is “Stable.”
The ratings are based on The Doctors Company’s very strong statutory capital position and sufficient loss reserve levels, according to Fitch.
Fitch noted that The Doctors Company is one of the few primary medical professional liability companies positioned to offer products and capabilities that accommodate the trend of healthcare providers moving toward employment with hospitals and large medical groups.
The Doctors Company’s plan to acquire Hospitals Insurance Company and FOJP Service Corporation, which provides three New York hospitals and related physicians with medical malpractice insurance, will further solidify its operating scale in the medical professional liability insurance space, Fitch stated.
The “A” with “Stable Outlook” ratings also include:
- The Doctors Company, an Interinsurance Exchange
- TDC Specialty Insurance Company
- TDC National Assurance Company
- The Doctors Company Risk Retention Group, a Reciprocal Exchange
About The Doctors Company
Founded and led by physicians, The Doctors Company (thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company takes the mal out of malpractice insurance by helping hospitals and practices of all sizes manage the complexities of today’s healthcare environment—with expert guidance, resources, and coverage. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 82,000 members and over $4.5 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings. To learn more about data-driven insights and to stay up to date on industry trends, follow and subscribe to The Doctors Company on Twitter (@doctorscompany), YouTube, LinkedIn, and Facebook.