AM Best Revises Outlooks to Negative for Apex Insurance Risk Retention Group Inc.
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Apex Insurance Risk Retention Group Inc. (Apex) (Burlington, VT).The Credit Ratings (ratings) reflect Apex’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.T