Trean Insurance coverage Group, Inc.

WAYZATA, Minn., Feb. 15, 2022 (GLOBE NEWSWIRE) — Trean Insurance coverage Group, Inc. (Nasdaq: TIG), a number one supplier of services to the specialty insurance coverage market, introduced at the moment that its subsidiary, Benchmark Specialty Insurance coverage Firm (BSIC), an Arkansas home surplus traces provider, attained a Monetary Power ranking of “A” (Wonderful) and a Lengthy-Time period Issuer Credit standing of “a” (Wonderful) from AM Finest, a world credit standing company, information writer and information analytics supplier specializing within the insurance coverage trade.

BSIC’s rankings have been awarded on account of a 100% quota share reinsurance contract with Benchmark Insurance coverage Firm, highlighting Benchmark Insurance coverage Firm’s stability sheet power, working efficiency, restricted enterprise profile and applicable enterprise threat administration.

“We’re very happy that AM Finest acknowledged the power of Benchmark,” stated Andrew M. O’Brien, Chief Government Officer of Trean. “We look ahead to rising Benchmark’s new provider because it continues to develop expertly crafted specialty choices for purchasers throughout the nation.”

BSIC, a newly added wholly-owned subsidiary of Benchmark Insurance coverage Firm, Inc., is an extra and surplus provider that may write specialty/area of interest merchandise via companions that give the corporate entry to program choices on a non-admitted foundation.

About Trean Insurance coverage Group, Inc.

Trean Insurance coverage Group, Inc. (NASDAQ: TIG) supplies services to the specialty insurance coverage market. Trean underwrites specialty casualty insurance coverage merchandise each via its program companions and its personal managing basic businesses. Trean additionally supplies its program companions with quite a lot of companies together with issuing provider companies, claims administration and reinsurance brokerage. Trean is licensed to write down enterprise throughout 49 states and the District of Columbia. For extra info, please go to www.trean.com.

About AM Finest

AM Finest is a world credit standing company, information writer and information analytics supplier specializing within the insurance coverage trade. Headquartered in america, the corporate does enterprise in over 100 nations with regional workplaces in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico Metropolis.

Ahead-Trying Statements

This press launch comprises forward-looking statements as that time period is outlined within the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements embrace statements that aren’t historic or present info. These statements might talk about the Firm’s internet revenue, money circulate, monetary situation, impairments, expenditures, progress, methods, plans, achievements, capital construction, organizational construction, market alternatives and basic market and trade situations. Such forward-looking statements might be recognized by phrases comparable to “anticipate,” “estimate,” “anticipate,” “intend,” “plan,” “predict,” “challenge,” “consider,” “search,” “outlook,” “future,” “will,” “would,” “ought to,” “might,” “might,” “can have,” “probably” and related phrases. Ahead-looking statements are based mostly on administration’s present expectations and assumptions about future occasions. These statements are solely predictions and will not be ensures of future efficiency. Ahead-looking statements contain dangers and uncertainties that might trigger precise outcomes to vary materially from these within the forward-looking statements if the underlying assumptions show to be incorrect or on account of dangers, uncertainties, and different components, together with the affect of the COVID-19 pandemic on the enterprise and operations of the Firm, our program companions and different enterprise relations. Different components that will trigger such variations embrace the dangers described within the Firm’s filings with the U.S. Securities and Change Fee, together with the Firm’s Annual Report on Kind 10-Ok for the yr ended December 31, 2020. These forward-looking statements converse solely as of the date on which they’re made. Besides as required by relevant securities legal guidelines, the Firm disclaims any obligation to replace or revise any forward-looking assertion, whether or not on account of new info, future developments, modifications in assumptions or in any other case. Traders are cautioned to not place undue reliance on the forward-looking statements contained on this press launch or in different filings and public statements of the Firm.

Contacts

Investor Relations
[email protected]
(952) 974-2260

Supply: Trean Insurance coverage Group, Inc.

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