First Indemnity Insurance Agency, Inc. is proud to announce that AM Best has affirmed its Performance Assessment of PA-3 (Strong), with a stable outlook. This recognition emphasizes First Indemnity’s consistent dedication to strong underwriting practices, sound governance, strong financial stability, and a wide network of professional relationships.
AM Best’s assessment reflects several core strengths of First Indemnity, including:
- Strong Underwriting Capabilities: With over 30 years of experience in professional liability insurance, First Indemnity has built a robust portfolio that focuses on the legal sector. Our deep expertise enables us to design and offer competitive insurance products tailored to the specific needs of legal professionals, as well as other industries such as accounting.
- Governance: First Indemnity regularly conducts thorough internal reviews and audits to ensure compliance and maintain best-in-class operational standards. Policies and procedures are continually updated to support the company’s operational scale and daily functions.
- Financial Stability: The company’s financial performance remains stable, with consistent income and cash flow generation. As a managing general agent, First Indemnity does not retain insurance risk, focusing instead on placing all insurance exposure externally, while maintaining strong financial oversight.
- Organizational Talent: First Indemnity’s team is staffed with seasoned professionals who possess extensive experience in managing professional liability programs. This includes a streamlined operational structure that supports clear and effective decision-making.
- Key Relationships: Over the years, First Indemnity has developed strong partnerships with well-rated capacity providers across the nation. Our deep industry relationships and longevity in the professional liability market contribute to our enduring success.
“Receiving this affirmation from AM Best highlights the ongoing commitment of our entire team to deliver top-tier insurance solutions for professionals,” said Andrew Biggio, Program Manager at First Indemnity. “Our goal has always been to ensure the highest level of service and risk management expertise for our clients, and this PA-3 assessment reflects our ability to achieve that year after year.”
About First Indemnity
Founded in 1989, First Indemnity Insurance Agency, Inc. has been a trusted leader in providing risk management and professional liability solutions, particularly within the legal community. Our team, including in-house underwriters, is committed to offering unmatched industry expertise, superior customer service, and tailored insurance products that meet the needs of professionals nationwide. For more information, please visit www.firstindemnity.net.
About AM Best
AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. Headquartered in the United States, AM Best operates in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore, and Mexico City. For more information, visit www.ambest.com.