A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of "a-" of SeaBright Insurance Co. of Seattle.
Concurrently, A.M. Best has also affirmed the ICR of "bbb-" of SeaBright's holding company, SeaBright Insurance Holdings Inc. (SIH).
The outlook for all ratings is stable.
Best said the ratings reflect SeaBright's "excellent" capitalization achieved largely through contributions from SIH, its niche market focus as a specialty provider of multi-jurisdictional workers' compensation insurance and its experienced management team.
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