PA-2
Excellent
Outlook:
Stable
Action:
Upgrade
So, who are
AM Best?
AM Best is a global credit rating agency, news publisher and data analytics provider that’s been evaluating the financial strength and performance of insurance organisations for over a century.
Their Performance Assessments provide independent insight into the operational and governance standards of managing general agents (MGAs) and other delegated underwriting authority enterprises.
What is a Performance Assessment?
A Performance Assessment measures an MGA’s ability to deliver consistent, profitable performance for its capacity partners.
It considers five key areas:
- Underwriting capabilities
- Governance and internal controls
- Financial condition
- Organisational talent
- Depth and breadth of relationships
Each area is independently reviewed and scored by AM Best – providing a clear, external view of operational quality and reliability.
Excellence Evidenced
Check out how we measure up
Excellent (8/10)
Underwriting capabilities
Corin’s underwriting has been consistently profitable since 2017, supported by extensive market expertise and strong actuarial backing. Internal claims management and an efficient platform ensure timely resolution and data-driven decision-making.
Excellent (8/10)
Governance & Internal Control
The company’s governance framework aligns interests with capacity providers, supported by real-time monitoring and regular audits. Key person risk exists but is mitigated through shared senior responsibilities and structured delegation.
Strong (6/10)
Financial condition
Corin has delivered steady profits, growing revenue, and strong cash flows, though earnings diversification is limited. Parent debt is serviced via dividends, with manageable leverage and adequate interest coverage.
Excellent (4/5)
Organisational talent
Experienced leadership and ongoing staff training support Corin’s operations in the U.K. and Ireland casualty markets. The organisational structure is expanding with clear reporting lines and defined responsibilities.
Strong (3/5)
Depth & Breadth of relationships
Corin holds a niche market position with exclusive carrier arrangements and strong client retention. Reliance on a small number of partners is mitigated by long-term relationships and evergreen contracts.
What does it mean for you?
For brokers and capacity providers, a Performance Assessment gives transparency and confidence. In short – you know exactly who you’re working with, and how we perform.
Corin’s PA-2 ‘Excellent’ result shows we’re trusted to deliver:
Robust underwriting processes
Strong governance and oversight
Technology-driven efficiency
A proven track record of profitability and partnership longevity
Why not more MGAs?
Consistently Strong
From our beginnings in 2017 to today’s PA-2 ‘Excellent’ result, Corin’s story has always been about consistent performance, innovation and trust.
The upgrade from PA-3 ‘Strong’ to PA-2 ‘Excellent’ reflects how our model continues to evolve – led by data, powered by people, and strengthened by enduring relationships.
