AM Best Assigns Credit Ratings to Jet Insurance Company
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Jet Insurance Company (Jet) (Dallas, TX). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Jet’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings further reflect Jet’s strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), seasoned team of insurance professionals and targeted business profile writing nearly all transactional commercial and contract surety bond types in addition to fidelity bonds.
Jet’s predecessor (also called Jet Insurance Company [Old Jet]) was acquired by Amherst Specialty Insurance Company on Dec. 15, 2025. As part of the transaction, Jet's management team formed Apex Insurance Company, which was renamed Jet Insurance Company, and completed a loss portfolio transfer, shifting all of Old Jet’s existing liabilities to Jet. In states where Jet is not licensed, the company has a fronting arrangement with Amherst National Insurance Company to assume business produced by Jet’s wholesale and retail underwriting affiliates. The net result of the transaction is that Jet is a continuation of Old Jet with a balance sheet and operations consistent with that of Old Jet, plus $5 million of additional capital contributed to Jet.
