AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb-” (Fair) from “bb” (Fair) of Conifer Holdings, Inc. (CHI) [NASDAQ: CNFR]. Concurrently, AM Best has downgraded the Financial Strength Rating to B+ (Good) from B++ (Good) and the Long-Term ICR to “bbb-” (Good) from “bbb” (Good) of Conifer Insurance Company (CIC) and White Pine Insurance Company (White Pine). CIC and White Pine are subsidiaries of CHI, a publicly traded property/casualty insurance holding company. The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Birmingham, MI. Collectively, these companies are referred to as Conifer Insurance Group (the group or Conifer).
AM Best Downgrades Credit Ratings of Conifer Holdings, Inc. and Its Subsidiaries
Apr 21, 2022
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