Acquisition by BrickStreet May Boost HM Casualty's Ratings

A.M. Best has placed under review with positive implications the Financial Strength Rating of A-, or excellent, and the Long-Term Issuer Credit Ratings of “a-” of HM Casualty Insurance Co. The under-review status follows the acquisition of Pittsburgh-based HM Casualty by BrickStreet Mutual Insurance Co. on Jan. 1. The ratings also reflect a reinsurance agreement between HM Casualty and BrickStreet, A.M. Best said. BrickStreet is a member of the BrickStreet Mutual Insurance Group, which includes four insurance companies that participate in an inter-company reinsurance pool. The gr...