Fitch Publishes Unrated Issuer Report on Meadowbrook Insurance Group, Inc.

Fri Mar 28, 2014 2:03pm EDT

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(The following statement was released by the rating agency) CHICAGO, March 28 (Fitch) Fitch Ratings today published an Unrated Issuer Report (UIR) on Meadowbrook Insurance Group, Inc. (MIG). UIRs provide analytical perspective and transparency on key issues that impact an organization's creditworthiness but without providing a credit rating or rating-like opinion. In addition to highlighting what Fitch considers to be MIG's main credit issues and trends, the report takes a closer look at: --Profitability and Interest Coverage; --Reserve Adequacy. A peer analysis and a summary of market-based indicators round out the UIR. UIRs are not solicited by the issuer, and Fitch receives no compensation from the issuer for the provision of a UIR. While a UIR is typically based primarily on public information, Fitch analysts may ask questions of an issuer's management while preparing a UIR. The level of management participation, if any, can vary significantly from case to case. Contact: Primary Analyst Martha M. Butler, CFA Senior Director +1-312-368-3191 Fitch Ratings, Inc. 70 W. Madison Chicago, IL 60602 Secondary Analyst James B Auden, CFA Managing Director +1-312-368-3146 Media Relations: Brian Bertsch, New York, Tel: +1 212-908-0549, Email: brian.bertsch@fitchratings.com. Additional information is available at 'www.fitchratings.com'. For more information on Unrated Issuer Reports please go to: here. Applicable Criteria and Related Research: --U.S. Property/Casualty Insurers' Year-End 2013 Financial Results (March 2014); --Property/Casualty Loss Reserve Volatility (February 2014); -- '2014 Outlook: U.S. Property/Casualty Insurance (December 2013). Applicable Criteria and Related Research: Meadowbrook Insurance Group, Inc. here 2014 Outlook: U.S. Property/Casualty Insurance here U.S. Property/Casualty Loss Reserve Volatility (Product Mix and Diversification Effects) here Property/Casualty Insurers’ 2013 Financial Results -- Amended here ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

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