AM Best Revises Outlook to Stable for Ocean Harbor Casualty Insurance Company

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AM Best, a global credit rating agency, has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) of Ocean Harbor Casualty Insurance Company (OHCIC) and its affiliates. The agency also affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICRs of 'bb+' (Fair) for the insurance group.

Why it matters

The revised outlook reflects improvements in OHCIC's investment returns, operating profitability, and risk-adjusted capitalization, as well as the group's appropriate enterprise risk management practices. This is an important development for the insurance company and its customers, as it signals greater financial stability and the ability to withstand potential challenges.

The details

AM Best cited OHCIC's balance sheet strength, adequate operating performance, neutral business profile, and appropriate enterprise risk management as factors in its decision to revise the outlook to stable. The ratings could be negatively impacted by erosion of policyholders' surplus, risk-adjusted capitalization, or persistent unfavorable underwriting performance. Positive rating action could occur if the group experiences continued and sustained improvements in operating results and risk-adjusted capitalization.

• AM Best released the revised outlook on January 30, 2026.