Great news! T.H.E. Insurance Company (T.H.E.), an AXA XL insurance company, has been upgraded to A+ (Superior) / XV by AM Best. Read A.M. Best’s announcement for more details.
We are thrilled to see this upgrade by AM Best! A.M. Best’s Financial Strength Rating (F.S.R.) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. Many organizations look to the AM Best rating to affirm an insurance company’s ability and economic wherewithal to resolve its long-term liabilities. This recent AM Best upgrade to A+ XV affirms the financial strength of our major trading partner, AXA XL and its insurance companies like T.H.E.
When McGowan Allied Specialty Insurance formed in February 2020, our joint venture brought together 35 years of collective in-depth industry expertise to provide insurance to amusement parks, arcades, bowling centers, carnivals, zoos, and more. Now, boosted by T.H.E.’s ratings upgrade, we’re excited to emphasize our market leadership even more!