SOUTHFIELD, Mich., Dec. 27, 2010 /PRNewswire/ — Meadowbrook Insurance Group, Inc. (NYSE: MIG) announced today the affirmation of A.M. Best Company’s financial strength rating of “A-” (Excellent) for Meadowbrook Insurance Group, Inc. (“Meadowbrook”) and its subsidiary insurance companies. A.M. Best also affirmed the issuer credit rating for Meadowbrook of “bbb-” and its subsidiary insurance companies of “a-.” The outlook for all ratings remains “stable.” Meadowbrook’s financial size category is IX.
In its news release, A.M. Best stated: “These ratings reflect Meadowbrook’s sustained underwriting profitability, excellent overall operating performance and supportive capitalization. A.M. Best recognizes Meadowbrook’s diversified business mix that strategically positions the group with a more balanced product and distribution platform and provides flexibility to move more effectively through market cycles.”
Meadowbrook’s President and Chief Executive Officer, Robert S. Cubbin, stated: “We are pleased that A.M. Best has affirmed our rating and has recognized our work to sustain our profitability and overall capitalization.”
About Meadowbrook Insurance Group
Meadowbrook Insurance Group, Inc., based in Southfield, Michigan, is a leader in the specialty program management market. Meadowbrook includes several agencies, claims and loss prevention facilities, self-insured management organizations and seven property and casualty insurance underwriting companies, including one in Bermuda. Meadowbrook has twenty-six locations in the United States. Meadowbrook is a risk management organization, specializing in specialty risk management solutions for agents, professional and trade associations, and small to medium-sized insureds. Meadowbrook Insurance Group, Inc. common shares are listed on the New York Stock Exchange under the symbol “MIG”. For further information, please visit Meadowbrook’s corporate web site at www.meadowbrook.com.
SOURCE Meadowbrook Insurance Group, Inc.
CONTACT: Karen M. Spaun, SVP & Chief Financial Officer, +1-248-204-8178, or John P. Shallcross, Director of Investor Relations & Capital Strategies, +1-248-204-8066
Web Site: http://www.meadowbrook.com