Rating Announcement: Erie Indemnity

A.M. Best Co. announced that it has held discussions with senior management of Erie Indemnity Company, regarding the recent announcement that its president and chief executive, Jeffrey A. Ludrof, will be leaving the company due to personal reasons. Best said it “does not anticipate any material near-term change in operations or financial condition of Erie Insurance Group and its P/C members, “due to strong risk-adjusted capitalization derived from its disciplined underwriting approach and favorable business profile, despite challenging recent soft market conditions.”