AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Universal Fire & Casualty Insurance Company (UFCIC) (headquartered in Waterford, MI) and its wholly owned subsidiary, Shield Indemnity Incorporated (Shield) (Dublin, OH). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect the execution of an intercompany pooling agreement between UFCIC and Shield. These companies are collectively referred to as Universal Shield Insurance Group (USIG).
UIM Holding Company and its subsidiary Universal Fire & Casualty Insurance Company (UFCIC) has merged with Shield Indemnity, Inc. (Shield Indemnity), to form a new property and casualty (P&C)-focused holding company, Universal Shield Insurance Group, Inc. (Universal Shield or USIG).
