CoreSource News

What an A-Rating Means to CoreSource

On Nov. 6, A.M. Best upgraded its financial strength rating of Trustmark Insurance Company and Trustmark Life Insurance Company to A - (Excellent) from B ++ (Good). The move follows a similar upgrade from Fitch Ratings issued in late February of this year.

Trustmark Companies’ President and CEO, Dave McDonough announced the A.M. Best decision shortly after that news became official, and was loudly cheered by CoreSource and Trustmark employees in Lake Forest.

In his remarks to employees, McDonough said, “in my opinion, we’ve been an A-rated company all along. We’ve proved it over and over again. That’s something you should all be proud of.” McDonough also said the restored A-rating was “about having respect, not being suspect.”

“For CoreSource,” McDonough added, “it’s having a strong parent company that can afford the investments necessary for growth and success.”

“The restoration of Trustmark’s A-rating is very good news for CoreSource and our clients,” said Paul Lotharius, President and Chief Operating Officer. “Our value proposition is built in large part on the fact that we deliver customized local solutions backed by the financial strength of a large corporation. The ratings upgrade only helps to validate that message in the marketplace.”

View the press release issued by A.M. Best announcing Trustmark’s restored A-financial strength rating, or visit their website at ambest.com.