AM Best has affirmed the A++ (Superior) ratings of all MedPro Group’s members, including Medical Protective, Princeton Insurance and MedPro RRG.
AM Best stated these A++ ratings “reflect the organization’s excellent capital strength, strong national business profile and extended trends of favorable operating performance. The continued outstanding underwriting performance is driven by disciplined underwriting standards, conservative reserving practices and a proactive claims handling philosophy. The ratings also consider the leading market position the organization holds across multiple jurisdictions.”
MedPro Group’s “leading market position” dates from its founding in 1899 and continues today, with over 120,000 customers and $840 million in premium in the last year – more than any other healthcare malpractice insurance group.
The group has shown disciplined growth, not only in its doctor businesses (where MedPro Group remains in the ‘top two’), but also now in its newer and growing health system & hospital, healthcare facility, healthcare professional, and healthcare E&S businesses.
“MedPro Group is pleased to receive again AM Best’s highest A++ rating and to remain the nation’s leading healthcare malpractice insurer,” said Tim Kenesey, MedPro Group’s President & CEO.
“Since 1899 and through today, more healthcare providers choose MedPro Group than any other malpractice insurer because our unmatched financial strength, most winning defense and smartest risk solutions meet their needs in an evolving healthcare landscape.
“While MedPro Group’s market leadership gives our healthcare providers peace of mind, they – and their brokers and agents – also rely on the expertise from locally-delivered claims and risk management solutions and the choice that comes from the industry’s most flexible coverage options.”
MedPro, AM Best, Tim Kenesey, US