AM Best revises Mercury and its subsidiaries’ outlooks to stable from negative

AM Best has revised the outlooks to stable from negative and affirmed the credit ratings for the members of Mercury Casualty Group (Mercury), based on Mercury’s net ultimate losses and reinsurance recoveries following the January 2025 California wildfires.The ratings agency affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of Mercury.AM Best also revised the outlook to stable from negative and affirmed the Long- ...