AM Best Reevaluates Jet Insurance Ratings After Recent Acquisition
AM Best has recently placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for Jet Insurance Company under review with developing implications. This decision follows the completion of Jet’s acquisition by Amherst Specialty Insurance Company (ASIC) on December 15, 2025.
Jet Insurance Company specializes in providing property and casualty coverage, with a primary focus on surety bonds within the admitted market. Following the acquisition, Jet will operate as a 100% wholly owned subsidiary of ASIC. Based in Texas, ASIC is an excess and surplus lines insurer that aims to leverage Jet’s capabilities as part of its long-term strategy to write policies directly in the admitted market.
The ratings for Jet will remain under review as AM Best engages in further discussions with ASIC’s management team. This dialogue aims to clarify the strategic significance of Jet within ASIC’s broader operational framework moving forward.
Source: AM Best
Topics
Mergers & Acquisitions
AM Best
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AM Best has recently placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for Jet Insurance Company under review with developing implications. This decision follows the completion of Jet’s acquisition by Amherst Specialty Insurance Company (ASIC) on December 15, 2025.
Jet Insurance Company specializes in providing property and casualty coverage, with a primary focus on surety bonds within the admitted market. Following the acquisition, Jet will operate as a 100% wholly owned subsidiary of ASIC. Based in Texas, ASIC is an excess and surplus lines insurer that aims to leverage Jet’s capabilities as part of its long-term strategy to write policies directly in the admitted market.
The ratings for Jet will remain under review as AM Best engages in further discussions with ASIC’s management team. This dialogue aims to clarify the strategic significance of Jet within ASIC’s broader operational framework moving forward.
Source: AM Best
Topics
Mergers & Acquisitions
AM Best
Was this article valuable?
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Interested in Mergers?
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