A.M. Best Affirms Credit Ratings of Members of MedPro Group

A.M. Best has affirmed the Financial Strength Rating of A++
(Superior) and the Long-Term Issuer Credit Ratings of “aa+” of the
members of MedPro Group (MedPro) (headquartered in Fort Wayne,
IN). These Credit Ratings (ratings) apply to The Medical Protective
Company (Fort Wayne, IN), its affiliates, Princeton Insurance
Company (Princeton, NJ), PLICO, Inc. (Oklahoma City, OK), Commercial
Casualty Insurance Company (Fort Wayne, IN) and Atlanta
International Insurance Company (Flushing, NY), as well as its two
reinsured affiliates, MedPro RRG Risk Retention Group and AttPro
RRG Reciprocal Risk Retention Group (both domiciled in the District
of Columbia). The outlook of these ratings is stable.

The ratings reflect MedPro’s balance sheet strength, which A.M. Best
categorizes as strongest, as well as its strong operating performance,
favorable business profile and appropriate enterprise risk management.

The ratings reflect MedPro’s robust capitalization, long-term operating
performance and the significant market position it maintains in the
medical professional liability (MPL) sector. The ratings also consider
the group’s substantial distribution capabilities, prudent
claims-handling philosophy and culture of maintaining a margin of
safety. Furthermore, the ratings benefit from the explicit and implicit
financial support provided by the ultimate parent, Berkshire Hathaway
Inc. [NYSE: BRK A and BRK B], which includes reinsurance programs,
investment opportunities and capital support.

Partially offsetting these positive rating factors are the inherent
challenges associated with being a predominately monoline MPL insurer,
particularly as they relate to price competition, changing market
dynamics, potential changes in legislative (i.e., tort) reform,
increasing loss cost trends and regulatory risk. At the same time, A.M.
Best recognizes the organization’s strong management team, broad premium
base and jurisdictional diversity that mitigate these concerns.

This press release relates to Credit Ratings that have been published
on A.M. Best’s website. For all rating information relating to the
release and pertinent disclosures, including details of the office
responsible for issuing each of the individual ratings referenced in
this release, please see A.M. Best’s Recent
Rating Activity web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view Understanding
Best’s Credit Ratings. For information on the proper media
use of Best’s Credit Ratings and A.M. Best press releases, please view Guide
for Media – Proper Use of Best’s Credit Ratings and A.M. Best Rating
Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance
rating and information source. For more information, visit www.ambest.com.

Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its

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