AM Best upgrades Encova to A (excellent)
AM Best recently upgraded Encova Mutual Insurance Group to A (excellent) with a stable outlook. According to AM Best, the rating reflects the strength of our finances as a key contributor to this upgrade. We know our commitment to the independent agency distribution channel with our shared commitment to profitable growth led to this upgrade. Thank you.
“We view this upgrade as affirmation of the plan we put in place five years ago to centralize all affiliate operations in Columbus, commit to a disciplined and coordinated underwriting strategy, materially reduce expenses, invest in new workers’ compensation capabilities through the affiliation with the BrickStreet family of companies, and reorganize as a mutual holding company under the Encova Insurance brand,” Encova President and CEO TJ Obrokta Jr. said.