AM Best Revises Issuer Credit Rating Outlook to Negative for Queen City Assurance, Inc. and Vine Court Assurance Incorporated
Business Wire•08/10/2026•16:04 ET
2
Key Highlights
- ➤AM Best cut Queen City Assurance Group outlook to negative from stable
- ➤A (Excellent) FSR and “a+” ICR affirmed for both insurers
- ➤2025 underwriting performance deteriorated on casualty losses and adverse reserve development
- ➤2024 underwriting results weakened following unusually high property losses
- ➤Positive earnings persisted, supported by solid investment income
AM Best Revises Issuer Credit Rating Outlook to Negative for Queen City Assurance, Inc. and Vine Court Assurance Incorporated
AM Best has revised the outlook to negative from stable for the Long Term-Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Queen City Assurance, Inc. and Vine Court Assurance Incorporated, both domiciled in Burlington, VT, and collectively referred to as Queen City Assurance Group (the group). The outlook of the FSR is stable.
Get started
Create a free account to read the full story.