AM Best Ups Ratings for Synergy Comp Insurance Co.

AM Best updated its financial strength and long-term issuer credit ratings for Synergy Comp Insurance Co. The rating organization upgraded Synergy’s financial strength rating to “A (excellent)” from “A minus (excellent). At the same time, the carrier’s long-term issuer credit rating was increased to “a excellent” from “a minus (excellent).” Synergy said in a statement that the ratings reflect the strength of its balance sheet, its strong operating performance, limited business profile and appropriate enterprise risk management. Synergy ...