A.M. Best Company, a full-service credit rating agency serving the insurance industry, has affirmed A.I.M. Mutual Insurance Company’s financial strength rating of A (Excellent) with a stable outlook.
The rating was also assigned to the Company’s wholly-owned subsidiaries, Associated Employers Insurance Company (AEIC), Massachusetts Employers Insurance Company (MEIC), and New Hampshire Employers Insurance Company (NHEIC). The ratings reflect the group’s excellent capitalization, strong operating performance over the long term, conservative operating philosophy, and prudent reserving practices. The group’s positive attributes are derived from its adherence to strict underwriting guidelines, application of proactive claims management, and commitment to injury prevention services.
A.I.M. Mutual has reported strong results which compare favorably with the industry composite over the long term as a result of the company’s niche product focus and local market knowledge.
A.I.M. Mutual employs one of the largest staffs of injury prevention and wellness professionals in its region, providing close collaboration with its clients. Furthermore, the group’s participation in the Massachusetts voluntary direct assignment carrier (VDAC) program in lieu of an assigned risk pool allocation provides it with additional underwriting control, while also contributing to generally solid underwriting results. A.I.M. Mutual retains additional underwriting flexibility through utilization of its three reinsured subsidiaries, which provide the group additional rating tiers to differentiate risks.