AM Best Affirms Quanta Insurance Company's A- Rating with Stable Outlook

AM Best has affirmed Quanta Insurance Company's A- (Excellent) ratings with a stable outlook. The company benefits from a strong balance sheet, adequate performance, and robust risk management. Quanta Insurance functions as a captive insurer for Quanta Services, Inc. and provides direct insurance coverage for workers' compensation, commercial auto, and general liability deductible reimbursement policies.

AM Best, a leading global credit rating agency, has affirmed Quanta Insurance Company, Inc. (QIC) with Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent), both with a stable outlook. The ratings reflect QIC's robust balance sheet, adequate operating performance, neutral business profile, and appropriate enterprise risk management [2].

Quanta Insurance Company is a single parent captive insurer of Quanta Services, Inc. (NYSE: PWR), a leading specialized contracting services company. QIC writes direct insurance coverage for workers' compensation, commercial auto, and general liability deductible reimbursement policies for Quanta Services and its affiliated entities. The captive nature of QIC provides it with ready access to business and familiarity with homogeneous risk exposures, leveraging its parent company's extensive training, fleet management, loss control initiatives, and workplace safety practices [2].

AM Best has rated over 200 alternative risk transfer entities, including QIC, making it the leading rating agency in this sector. The ratings affirm QIC's strong financial position and its ability to manage risks effectively, providing confidence to investors and stakeholders [2].

References:
[1] https://www.businesswire.com/news/home/20250710955548/en/AM-Best-Affirms-Credit-Ratings-of-Odyssey-Group-Holdings-Inc.s-Subsidiaries
[2] https://www.morningstar.com/news/business-wire/20250711808912/am-best-affirms-credit-ratings-of-quanta-insurance-company-inc