AM Best Assigns Credit Ratings to 7710 Insurance Company, a New Member of Benchmark Insurance Group

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Ratings of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to 7710 Insurance Company (7710) (Summerton, SC). The outlook assigned to the Credit Ratings (ratings) is stable. 7110 is a newly added member of Benchmark Insurance Group and a wholly owned subsidiary of Benchmark Holding Company, which is ultimately owned by Trean Insurance Group, Inc. [NASDAQ: TIG]. The company is being afforded the group’s ratings via a 100% quota share reinsurance contract with Benchmark Insurance Company. The ratings of the other members of the group are not affected by 7710’s rating assignment.