Springfield, Mass. July 29, 2025 – AM Best has yet again affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” (Superior) for the members of MedPro Group (MedPro). This includes affiliates of MedPro, such as Wellfleet Insurance Company (Fort Wayne, IN), Wellfleet New York Insurance Company (Flushing, NY), and others.
“We are incredibly proud that AM Best has once again affirmed our financial strength,” said Drew DiGiorgio, CEO of Wellfleet Insurance. “This consistent recognition underscores our unwavering commitment to financial excellence and stability. For our partners and members, it is a promise that we’ll be there for them when they need us most, delivering the high-quality, dependable insurance solutions they have come to expect in student health, workplace benefits, and special risk.”
AM Best’s A++ Superior rating is the highest possible rating, thus it reflects MedPro’s balance sheet strength, which AM Best attests as the strongest. Further, MedPro’s robust operating performance, favorable business profile, careful risk management practices, and ability to meet financial obligations are acknowledged as outstanding. The ratings also assess an organization’s distribution capabilities, claims-handling philosophy, and culture of holistic risk management–which for MedPro, AM Best measures most as exceptional.
MedPro is recognized by Best’s Capital Adequacy Ratio (BCAR) as having the strongest risk-adjusted capitalization. Moreover, the group’s long-term profitable operating performance and its leading market position, which it maintains in the medical professional liability (MPL) sector, demonstrates MedPro’s ability to underwrite profitably through market cycles.
MedPro’s ratings benefit from the explicit and implicit financial support provided by its affiliate, National Indemnity Company, and parent company, Berkshire Hathaway Inc. (NYSE: BRK A and BRK B), which includes reinsurance programs, investment opportunities, and capital support.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments, and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore, and Mexico City. For more information, visit www.ambest.com.
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About Wellfleet
Wellfleet is a Berkshire Hathaway company focused on delivering customer-centric insurance solutions through flexible product offerings and quality service. With an A++ financial strength rating from AM Best,* Wellfleet’s goal is to protect people against risk throughout every stage of life — from grade school to college, the workplace, and beyond.
Headquartered in Springfield, Mass., Wellfleet was founded in 1993 and is one of the leading providers of health and accident insurance products to the higher education market. Additionally, Wellfleet’s Workplace division delivers high-quality, customizable benefit solutions through a suite of voluntary products, including Accident, Critical Illness, Hospital Indemnity, and Short-Term Disability Income insurance. For more information, visit www.wellfleetinsurance.com
Wellfleet, Wellfleet Student, Wellfleet Special Risk, and Wellfleet Workplace are marketing names used to refer to the insurance and administrative operations of Wellfleet Insurance Company, Wellfleet New York Insurance Company, and Wellfleet Group, LLC (known in California only as Wellfleet Group, LLC dba Wellfleet Administrators, LLC). All insurance products are administered or managed by Wellfleet Group, LLC. Product availability is based upon business and/or regulatory approval and may differ among states. ©2025 Wellfleet Group, LLC. All Rights Reserved.
Contact:
Jennifer Picard, Wellfleet
[email protected]
(413) 452-5360
*For latest ratings, visit ambest.com
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