AM Best Revises Issuer Credit Outlook to Positive for Palms Insurance Company, Limited; Affirms Credit Ratings of Palms Specialty Group’s Members

OLDWICK, N.J.–(BUSINESS WIRE)– #insurance–AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Palms Insurance Company, Limited (Palms) (George Town, Cayman Islands). The outlook of the FSR is stable. Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Palms Specialty Insurance Company,