ALAS Ltd. Ratings
Below are excerpts from the most recent Standard & Poor’s and Fitch reports on ALAS Ltd. along with links to the full text of each report.
"ALAS has a strong competitive position in its lawyers’ professional liability niche market. The company&rsqou;s loyal owners/insureds, as well as its strong loss prevention through its disciplined underwriting and claims management expertise, support its competitive position. ALAS is the leading provider of lawyers' professional liability insurance in the U.S. focused on medium to large law firms."
"The stable outlook reflects our view that ALAS’ competitive position, supported by its loyal client base, will remain strong. Its superior underwriting, loss prevention, and claims-management practices should continue to generate profitability, which will sustain the very strong levels of capital underlying the rating."
"ALAS has a solid competitive position and strategy and is an established, stable, long-term player in the lawyers' liability insurance market, with a specialized expertise that enables it to better meet the needs of its insureds and to differentiate itself from the competition with value-added services, particularly in loss prevention and claims management. Additionally, Fitch believes that ALAS' status as a mutual company insulates it somewhat from short-term pressures to grow revenues and earnings and enables it to absorb volatile short-term operating results."