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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

AM Best Assigns Preliminary Credit Assessment to Sabal Specialty Insurance Company, Inc.

AM Best has assigned a Preliminary Credit Assessment (PCA) to Sabal Specialty Insurance Company, Inc. (Sabal Specialty) (Delaware) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca (Excellent). The outlook assigned to the PCA is stable.

The PCA reflects Sabal Specialty’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 (ERM).

Sabal Specialty, formed in 2024, is a specialty insurer focused on the U.S. excess and surplus lines market. The company is expected to underwrite business in specialty property, professional liability, and other specialty lines, emulating the lines of business, risk strategy, and underwriting appetite of its parent, Palms Specialty Insurance Company, Inc. (Palms Specialty). Sabal Specialty was created to provide additional market access to distribution partners by providing a distinct underwriting platform with unique branding. Sabal will act purely as an underwriting entity, ceding all premiums and losses via a 100% quota share reinsurance agreement to Palms Specialty, generating underwriting income from ceding commissions as opposed to earned premiums. Sabal is expected to benefit from Palms Specialty’s operational infrastructure, experienced management team, and ERM framework, while serving to further diversify the group’s underwriting footprint.

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.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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