AM Best Gives SUNZ Insurance 'Excellent' Ratings

Global credit rating agency AM Best assigned a financial strength rating of “A- (Excellent)” and a long-term issuer credit rating of “a-” to Florida-based SUNZ Insurance Co., according to a news release. AM Best said the outlook assigned to the SUNZ credit ratings is “stable.” The agency said its rating reflects the strength of SUNZ’s balance sheet, operating performance, limited business profile and appropriate enterprise risk management. “SUNZ’s balance sheet assessment is supported by its risk-adjusted capitalization as measured by Be...