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AM Best Removes From Under Review With Positive Implications, Affirms Credit Ratings of United Frontier Mutual Insurance Company

AM Best has removed from under review with positive implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of United Frontier Mutual Insurance Company (United Frontier) (Lockport, NY). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect United Frontier’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).

United Frontier’s ratings have been removed from under review status based on its recent affiliation agreement with Allegany Co-op Insurance Company (Allegany). This arrangement has been solidified through a service agreement between the two entities that became effective on July 1, 2023. Over the intermediate term, AM Best expects this transaction to benefit United Frontier, by further equipping the company to manage through a demanding operating environment given the shared resources and the additional financial, operational, and strategic capabilities that will be obtained. Allegany is a well-capitalized partner with working knowledge of its operating territory in New York and a conservative risk culture.

United Frontier is expected to be integrated within Allegany’s ERM and corporate governance frameworks, and be further supported by its reinsurance program. It is intended that a pooling agreement will be in place by early 2024. AM Best will continue to monitor both companies and their operating results as this transaction progresses.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings 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 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

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.


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