
By Ashish Tiwari
July 18 - (The Insurer) - AM Best has upgraded the outlook of the members of Bankers Insurance Group owing to improved profitability metrics.
The rating agency revised the insurer's financial strength rating to B-plus-plus from B-plus and the long-term issuer rating to bbb from bbb-minus.
The upgrade reflects Bankers' balance sheet strength and marginal operating performance, AM Best stated.