AM Best has assigned Preliminary Credit Assessments (PCA) to Previsor Insurance Company (Previsor) (Centennial, CO), MEM Protect Insurance Company (MEM Protect), MEM Shield Insurance Company (MEM Shield) and MEM Secure Insurance Company (MEM Secure) with Financial Strength Assessments of A- pca (Excellent) and Long-Term Issuer Credit Assessments of “a-” pca (Excellent). The outlooks assigned to these PCAs are stable. All companies are domiciled in Columbia, MO unless otherwise specified. Collectively, these companies are referred to as Underwriting Entities.

The PCAs reflect AM Best’s expectation that the Underwriting Entities will qualify to be members of the Missouri Employers Mutual Insurance Group (Group) rating unit. The Underwriting Entities are wholly owned subsidiaries of Missouri Employers’ Mutual Insurance Company (MEM), and the PCAs reflect the anticipation that the Underwriting Entities will participate in a 100% reinsurance agreement with MEM.

MEM specializes in workers’ compensation insurance, particularly within the Midwest region. The Underwriting Entities are strategically important to the Group as MEM Protect, MEM Shield and MEM Secure were established as part of MEM’s ongoing strategic initiative to transition from a public state-sponsored mutual insurance company to a private mutual insurance company, effective Jan. 1, 2025. Previsor has been a wholly owned subsidiary of MEM since its purchase in 2011. The transition will allow MEM to better serve its customers, expand geographically and streamline operations. The Underwriting Entities will benefit from internal reinsurance and shares common management and operational capabilities.

The PCAs of the Underwriting Entities reflect the 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.

This press release relates to Preliminary Credit Assessments that have been published on AM Best’s website. For all assessment information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual assessments referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating and Assessment opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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