OLDWICK, N.J.–(BUSINESS WIRE)–#insurance—AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Dallas Specialty Insurance Company (Dallas Specialty) (Dallas, TX). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Dallas Specialty’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The balance sheet strength assessment of very strong is based on risk-adjusted capital capacity calculated using the initial five-year business plan provided to AM Best. Dallas Specialty was capitalized initially by Griffin Highline Capital LLC (Griffin Highline), which will provide operational and additional capital support if needed. AM Best assesses Dallas Specialty’s operating performance as adequate based on the company’s five-year business plan, which as a newly formed entity is subject to successful implementation over the planning horizon. AM Best assesses Dallas Specialty’s business profile as limited. The company is a Texas-domiciled, specialty lines-focused insurer launched in early 2025 as part of Griffin Highline’s long-term strategy. Dallas Specialty will enter the market as a reinsurer assuming business produced by OpenRoad, a Griffin Highline-owned and controlled managing general agent, underwriting collector car insurance. Dallas Specialty will explore additional opportunities with other affiliated programs across diverse lines of business.
Negative rating action could occur if Dallas Specialty is not able to execute its business plan successfully as presented to AM Best.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. 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.
Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Contacts
Joni Cerbone
Senior Financial Analyst
+1 908 882 1690
[email protected]
Rosemarie Mirabella
Director
+1 908 882 2125
[email protected]
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
[email protected]
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
[email protected]
