AM Best has upgraded The Service Insurance Company rating to A from A-

A.M. Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to A from A- of The Service Insurance Company, Inc. (SIC) (West Orange, NJ). The outlook of these Credit Ratings has been revised to stable from positive.

The rating upgrades reflect SIC’s continued favorable operating trends and very strong risk-adjusted capitalization. The company has a long-standing tradition of producing favorable underwriting and operating returns in the surety market. SIC focuses primarily on smaller limit surety bonds and serves a variety of different business classes. The company’s risk-adjusted capitalization is aided by consistently favorable reserve development, solid underwriting and operating cash flows, consistent investment income and a comprehensive reinsurance profile.

The Service Insurance Company offers a customized approach in underwriting Surety Bonds and evaluates each case on its own merits.

We are proud of achieving this very important milestone and would like to thank all of our loyal clients, business partners and employees who have supported us through the years.