Market Overview

A.M. Best Revises Outlooks to Stable for Frank Winston Crum Insurance Company


A.M. Best has revised the outlooks to stable from negative and
affirmed the Financial Strength Rating of B+ (Good) and the Long-Term
Issuer Credit Rating of "bbb-" of Frank Winston Crum Insurance Company
(FWCI) (Clearwater, FL).

These Credit Ratings (ratings) reflect FWCI's balance sheet strength,
which A.M. Best categorizes as adequate, as well as its adequate
operating performance, limited business profile and appropriate
enterprise risk management.

The revision in the outlooks reflects FWCI's improved underwriting
performance over the last two years and steps being taken by management
to further support premium growth that has more than doubled FWCI's book
of gross premiums written over the last four years. In addition to 65%
quota share treaties that currently apply to two of FWCI's higher growth
operating segments, management plans to divert part of the general
liability gross book of business to non-affiliated carriers beginning in
the fourth quarter of 2018. This annually adjusted participation in the
general liability book will not be apparent in FWCI's financial
statement and A.M. Best expects that it will reduce FWCI's annual
overall gross premiums written growth to moderate levels in 2018 and
future years.

This press release relates to Credit Ratings that have been published
on A.M. Best's website. For all rating information relating to the
release and pertinent disclosures, including details of the office
responsible for issuing each of the individual ratings referenced in
this release, please see A.M. Best's
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Best's Credit Ratings
. For information on the proper media
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