PMA Companies is pleased to announce that S&P Global Ratings has assigned an A+ financial strength rating on its core underwriting companies: Pennsylvania Manufacturers' Association Insurance Company; Pennsylvania Manufacturers Indemnity Company; and Manufacturers Alliance Insurance Company. In addition, S&P Global Ratings have the outlook for the companies as "stable". This rating and outlook are consistent with those of the core entities within Old Republic.
PMA Companies, a member of Old Republic, is a leading provider of Workers' Compensation, Casualty Insurance, and TPA and Risk Services.
"Along with our AM Best rating of A+ (Superior) XV, the S&P Global rating strengthens our credibility in the US large account marketplace," said John Santulli, President and Chief Executive Officer of PMA Companies. "The ratings are strong indicators of PMA's financial strength and the quality of our underwriting and service operations."