HARTFORD, Conn.–(BUSINESS WIRE)–A.M. Best assigned an A- rating (Excellent) to SPARTA subsidiaries, SPARTA Specialty Insurance Company and SPARTA American Insurance Company. SPARTA Specialty is a non-admitted company currently eligible in 33 jurisdictions that SPARTA will use to write program business for the surplus lines market and SPARTA American is an admitted company licensed in California that SPARTA will use for programs offering preferred Workers Compensation risks.
A.M. Best also affirmed the A- (Excellent) rating of SPARTA Insurance Company, a 50 state admitted carrier.
“We are pleased to have these ratings determinations by A.M. Best. The new SPARTA companies expand the platform and solutions available to our program administrators and are part of our operating strategy to carefully position the company for the future,” said Kevin G. Costello, President & COO.