Preferred Professional Insurance Company

BestLink

AMB #: 003699 NAIC #: 36234 FEIN #: 470580977

Mailing Address
One Financial Center, 13Th Floor
Boston, Massachusetts 02111-2621

United States

Web: www.coverys.com

Phone: 800-255-6168

Fax: 617-526-0384

View Additional Address Information

Administrative Office
One Financial Center, 13Th Floor
Boston, Massachusetts 02111-2621
United States

Domiciliary Address
11605 Miracle Hills Drive, Suite 200
Omaha, Nebraska 68154-4467
United States

AM Best Rating Unit: AMB #: 018359 - Coverys Companies

Assigned to insurance companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations.

View additional news, reports and products for this company.

Based on AM Best's analysis, 011673 - Medical Professional Mutual Insurance Co is the AMB Ultimate Parent and identifies the topmost entity of the corporate structure. View a list of operating insurance entities in this structure.

Best's Credit Ratings

Financial Strength View Definition

Rating (Rating Category): Affiliation Code:	A (Excellent) r (Reinsured)
Outlook (or Implication):	Negative
Action:	Affirmed
Effective Date:	September 26, 2024
Initial Rating Date:	May 23, 1994

Long-Term Issuer Credit View Definition

Rating (Rating Category):	a (Excellent)
Outlook (or Implication):	Negative
Action:	Affirmed
Effective Date:	September 26, 2024
Initial Rating Date:	June 07, 2007

Financial Size Category View Definition

Financial Size Category:

XIV (USD 1.50 Billion to Less than 2.00 Billion)

u Denotes Under Review Best's Rating

Best's Credit Rating Analyst

Rating Office: A.M. Best Rating Services, Inc.

Associate Director-Analytics: Connor Brach, CFA, FRM

Associate Director : Jieqiu Fan

Note: See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event.

Disclosure Information

Disclosure Information Form
View AM Best's Rating Disclosure Form

Press Release
AM Best Revises Outlooks to Negative for Members of Coverys Companies
September 26, 2024

View AM Best's Rating Review Form

Rating History

A.M. Best has provided ratings & analysis on this company since 1994.

Financial Strength Rating

Effective Date	Rating
September 26, 2024	A
August 23, 2023	A
July 14, 2022	A
July 08, 2021	A
June 24, 2020	A

Long-Term Issuer Credit Rating

Effective Date	Rating
September 26, 2024	a
August 23, 2023	a
July 14, 2022	a
July 08, 2021	a
June 24, 2020	a

Best's Credit & Financial Reports

Best's Credit Report - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s) for AM Best Rating Unit: AMB #: 018359 - Coverys Companies.

Best's Credit Report - Archive - reports which were released prior to the current Best's Credit Report.

Best's Financial Report - financial data included in Best's Financial Report reflects the most current data available to AM Best, including updated financial exhibits and additional company information, and is available to subscribers of Best's Insurance Reports.

Best's Financial Report - Archive - reports which were released prior to the current Best's Financial Report.

View additional news, reports and products for this company.

Press Releases

Date	Title


Sep 26, 2024	AM Best Revises Outlooks to Negative for Members of Coverys Companies
Jul 14, 2022	AM Best Assigns Credit Ratings to Coverys International Insurance Company DAC; Affirms Ratings of Members of Coverys Companies
May 03, 2022	AM Best Assigns Credit Ratings to Omaha National Insurance Company
Nov 05, 2021	AM Best Assigns Preliminary Credit Assessment to Omaha National Insurance Company
May 31, 2018	A.M. Best Assigns Credit Ratings to Healthcare Underwriters Group, Inc.; Affirms Credit Ratings of Members of Coverys Companies
Jun 29, 2017	A.M. Best Upgrades Credit Ratings of Some Members of Coverys Companies
Jun 20, 2016	A.M. Best Revises Outlook to Positive for Certain Subsidiaries of Medical Professional Mutual Insurance Company
May 13, 2014	A.M. Best Comments on Coverys Companies' Definitive Agreement to Acquire Preferred Professional Insurance Company
May 22, 2008	A.M. Best Upgrades Ratings of Preferred Professional Insurance Company
Jun 07, 2007	A.M. Best Affirms and Assigns Ratings to Preferred Professional Insurance Company;Revises Outlook to Positive