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AA-BIC

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AcronymDefinition
AA-BICAmerican Agri-Business Insurance Company


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These rating actions follow the state approval of a 100% quota share agreement with AA-BIC and the affiliated pool, Endurance American Insurance Company (EAIC) (Wilmington, DE).
This subjects AA-BIC to above average dependence on reinsurance; however, this is somewhat mitigated by the fact that the majority of AA-BIC's non-governmental reinsurance capacity is provided by Endurance.
AA-BIC holds a standard reinsurance agreement (SRA) with the Federal Crop Insurance Corp.
 
 
 
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