AM Best Affirms “A” (Excellent) Rating for Curi’s Insurers After Merger

The independent rating agency assigned six of the company’s insurers, which came together in October 2023, an “Excellent” Financial Strength Rating

Raleigh, N.C. – April 2, 2024 – Curi, a national healthcare advisory firm comprised of three distinct businesses: Curi Advisory, Curi Capital, and Curi Insurance, today announced that rating agency AM Best has affirmed the “A” (Excellent) financial strength rating for six insurers in its Curi Insurance business. The ratings come after a thorough review on the heels of the completed merger between Curi and Constellation, Inc. (Constellation). All ratings were assigned a stable outlook, indicating AM Best’s expectation that Curi’s strong balance sheet and ongoing strategic initiatives will drive consistent operating performance.

According to the independent rating agency, the “A” rating is assigned only to select companies that have an excellent ability to meet ongoing insurance policy and financial obligations. AM Best also issued a long-term issuer credit rating of “a” (Excellent) to the company’s six insurers.

These ratings were previously placed under review, following the announcement that Curi and Constellation had entered a definitive merger agreement in early 2023. With merger effectiveness on Oct. 1, 2023, the subsidiary members that comprised Curi and Constellation are now viewed as one AM Best rating unit.

“We’re incredibly proud to be recognized by AM Best for our collective financial strength and operating consistency, an important affirmation as we bring together multiple insurance entities and continue delivering superior service to our expanded client base,” said Ryan Crawford, Curi Insurance’s Chief Executive Officer. “We remain as committed as ever to the disciplined approach and strategies that have helped us earn this recognition.”

“These ratings are an important reflection of the diligent work of our team and encourage us to keep looking toward the future with excitement,” said Jason Sandner, Curi’s Chief Executive Officer. “We’re honored to have achieved this rating for Curi Insurance and eager to find even more ways to strengthen our business and reinforce our vision to be the trusted partner in medicine, business, and life.”

The insurers rated include Arkansas Mutual Insurance Co., Medical Mutual Insurance Company of North Carolina, Medical Security Insurance Company, MMIC Insurance, Inc., MMIC Risk Retention Group, Inc., and UMIA Insurance Inc. AM Best expects the group’s prospective operating performance to benefit from the enhanced scale and geographic diversification following the merger.

Curi now has more than $2 billion of consolidated assets and nearly $500 million in revenue, and serves more than 50,000 physicians, healthcare providers, and organizations across the U.S.

For more information on AM Best’s 2024 rating of Curi, click here.

About Curi
Curi (curi.com) is a full-service advisory firm that serves more than 50,000 physicians, healthcare providers, and organizations across the U.S. Equal parts fierce healthcare advocates, smart business leaders, and thoughtful partners, Curi’s advisory, capital, and insurance offerings deliver valued advice that is grounded in client priorities and elevated by their outcomes. From data-driven advisory services to private wealth offerings, to tailored insurance solutions and beyond, Curi delivers performance that is time-tested and trusted—in medicine, business, and life. Curi holds an “A” (Excellent) financial strength rating from AM Best.

About AM Best
AM Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.