Healthcare captive’s outlook revised to positive by AM Best
According to A.M. Best the outlook for member companies of BETA Healthcare Group, BETA Healthcare Group Risk Management Authority and Hawaii-domiciled Health Providers Insurance Reciprocal, a Risk Retention Group, have been revised to positive from stable. The revised outlook is based on BETA’s improving risk-adjusted capitalization and operating results as evidenced by solid growth in its member fund balance and strong overall underwriting and investment results.
According to the ratings agency: “BETA’s ratings may be positively impacted by maintenance of the trend of improvement across multiple operating metrics. Conversely, issues that may impact the ratings adversely include, but are not limited to, items such as disruption in market dynamics, changes in tort legislation, shifting claims severity and frequency trends or adverse outcomes from the implementation of national health care reform.”