BrickStreet Will Keep A- Financial Strength Rating After HM Acquisition

BrickStreet Mutual Insurance Group will retain its A- (excellent) financial strength rating after acquiring HM Insurance Group's workers' compensation block of business, insurance rating source A.M. Best announced. The company will maintain its issuer credit rating of A- and stable outlook as well. BrickStreet absorbed the workers' compensation arm of Harrisburg, Pennsylvania-based HM, which also has an A- (excellent) financial strength rating, on Monday. The acquisition makes BrickStreet the third-largest workers' compensation carrier in P...