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Friday, April 4, 2025

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News

AM Best assigns rating to Sullivan Brothers Family of Companies captive 

By Luke Harrison

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AM Best has assigned a financial strength rating of B++ (good) and a long-term issuer credit rating of “bbb+” (good) to Texas-domiciled Cadence Indemnity Inc. The outlook for the ratings is stable. 

Cadence is a single parent captive providing affordable coverage on a direct basis for a diversified portfolio of risks from several commonly owned operating companies, collectively known as The Sullivan Brothers Family of Companies (SFBC). 

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