AM Best Places Credit Ratings of Protective Insurance Corporation and Subsidiaries Under Review with Positive Implications Following Acquisition Announcement

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with positive implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Protective Insurance Company and its wholly owned subsidiaries, Sagamore Insurance Company and Protective Specialty Insurance Company, collectively referred to as Protective Insurance Corporation Group. AM Best also has placed under review with positive implications the Long-Term ICR of “bbb” of Protective Insurance Corporation [NASDAQ: PTVCA, PTVCB], the organization’s publicly traded ultimate parent. All companies are domiciled in Carmel, IN.