Premier Guarantee’s parent company and insurer HSB (UK and Ireland) has received the highest credit rating from AM Best in a timely confidence boost for structural warranty customers.
Despite global uncertainty, members of the HSB Group (part of Munich Re), have maintained AM Best’s highest Financial Strength Rating of A++ (Superior) and Long-Term Issuer Credit Rating of aa+ (Superior) with a stable outlook on these ratings expected.
“HSB’s ratings reflect the group’s balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, favourable business profile and very strong enterprise risk management.” Source AM Best.
For full details of AM Best’s press release – click here.
“The group has a long-standing reputation as a valuable partner to insurance companies throughout the industry. This unique position allows the company to distribute its products throughout the United States, Canada and United Kingdom, as well as in other markets.” Source AM Best.
As part of its purchase of the MD Group of companies, HSB (UK and Ireland) acquired the Premier Guarantee brand and its scheme administrator, MD Insurance Services Limited, in April 2022, having had a relationship with the managing general agent since 2012.
HSB is a specialist engineering and technology insurance, engineering inspection and risk management services provider in the UK and Ireland. Part of the global HSB Group, a leading global insurance, engineering and technology specialist with over 150 years’ knowledge and expertise in engineering insurance and risk management.
Premier Guarantee is one of the largest providers of structural warranties in the UK and celebrates its 25th anniversary in 2022.
Based in Birkenhead, the MD Group has 443 employees, including a national, in-house network of field-based building surveyors.
Every care was taken to ensure the information in this article was correct at the time of publication (August 2022).