2026-08-19 · Source: Reinsurance News
Summary in 3 Points • AM Best assigned A- ratings to Ledgebrook Specialty and Stonehaven Specialty Insurance Companies • The ratings reflect strong balance sheet strength and adequate operating performance of Ledgebrook Insurance Group • LIG's business profile is limited, with a focus on first-party and third-party business --- AM Best has awarded an A- (Excellent) Financial Strength Rating and an “a-” (Excellent) Long-Term Issuer Credit Rating to Ledgebrook Specialty Insurance Company and Stonehaven Specialty Insurance Company, both part of Ledgebrook Insurance Group (LIG). These ratings are based on LIG’s strong balance sheet, adequate operating performance, and appropriate enterprise risk management. The ratings outlook is stable, contingent on LIG maintaining strong risk-adjusted capitalisation and executing its business strategy effectively. LIG's business profile is considered limited due to its narrow product range and geographic diversification, though its proprietary technology platform aids in improved data quality and pricing efficiency.
The A- ratings for Ledgebrook Insurance Group could influence London Market insurers by points to the importance of strong balance sheets and effective risk management. Underwriters may consider similar technology-enabled strategies to enhance data quality and pricing capabilities. The limited business profile of LIG, focusing on first-party and third-party business, may prompt London Market insurers to evaluate their own diversification strategies. Additionally, the stable outlook suggests that maintaining strong capitalisation is crucial during expansion phases, which could impact how London Market insurers plan their growth strategies.