Demotech downgrades Allied Professionals

Rating agency Demotech has downgraded the financial stability rating (FSR) of Allied Professionals Insurance Company, risk retention group (RRG), to ‘A, exceptional’.

Allied Professionals is a licensed property and casualty insurance company domiciled in Arizona. It specialises in various allied healthcare professions including, but not limited to, acupunture, chiropractic, massage, and other related professionals.

According to Demotech, this level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves and realistic pricing.

Demotech also assigned an FSR of ‘A, Exceptional’, to Ponce de Leon RRG, the first risk retention group in the US to provide general and professional liability insurance to long-term care facilities.