A.M. Best Assigns Ratings to Weston Insurance Company [Manufacturing Close – Up]
The outlook assigned to both ratings is stable.
The assigned ratings of Weston reflect its start-up status as a
Partially offsetting these negative rating factors are Weston's underwriting guidelines that target a specific market and its sophisticated rating segmentation process. In addition, the allocation of the company's invested assets is highly conservative, which reduces its investment risk. Furthermore, the company's current and projected risk-adjusted capitalization is adequate for its current rating level.
Negative rating actions would occur if Weston's planned financial results materially deviate from its projections, the reinsurance protection outlined does not materialize and/or the risk-adjusted capitalization were to decline below an acceptable level required by
The methodology used in determining these ratings is Best's Credit Rating Methodology, which provides a comprehensive explanation of
Founded in 1899,
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