MMA receives A rating
Intermediary only insurer, MMA Insurance, has been assigned a Financial Strength Rating of ‘A’ from Standard & Poor’s.
The re-rating from ‘A-‘ to ‘A’, reflects the financial and trading strength of the company’s parent, MMA IARD Assurances Mutuelles, part of the Covéa group, which has also had its rating increased to ‘A’.
Commenting on the new rating, Garry Fearn, MMA’s chief executive, said: “This improved rating demonstrates that our strategy of concentrating on those market segments where MMA has the knowledge and underwriting expertise to write profitable business is proving successful. It also reflects our
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