AM Best has withdrawn the financial strength rating and issuer credit rating of Healthcare Safety & Protection Risk Retention Group, a South Carolina captive, following its dissolution. HSPRRG was affiliated with NORCAL Mutual Insurance Company, a San Francisco-based medical professional liability insurance company.
According to the rating agency, the withdrawal reflects the June 30th dissolution of HSPRRG. The ratings of NORCAL were not affected.
AM Best, ratings, heathcare risk retention