Tower Hill Prime – A- Rating Questioned
ALIRT has always been a bit confused by Tower Hill Prime’s (THP) A- rating by AM Best, which was reissued in 2015. In 2004, the company received its first A- rating which was subsequently downgraded and removed in 2009. We note that THP’s rating was downgraded to B++ in December 2020 before being lowered again to B+ last week, with a negative outlook. It seems like history is repeating itself.