AM Best changed its outlook for Hagerty Reinsurance Limited and Drivers Edge Insurance Company to stable from positive.

Nov 13, 2026, 2:09 PM ETOpinionRead the original at insurancenewsnet.com

Bad for HGTY

AM Best moved the outlooks for Hagerty’s two insurance subsidiaries from positive to stable, but affirmed their A- ratings. Losing positive outlooks is an unfavorable signal for Hagerty.

HGTY · Hagerty Insurance Holdings Inc.

AI read · Bad for HGTY

The AI's read

This removes a favorable signal about the subsidiaries’ future credit standing. Keeping the existing ratings limits the concern, but the move away from positive outlooks makes the update unfavorable for Hagerty.

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