A.M. Best Affirms Ratings for the Nonprofits Insurance Alliance Group Members
Copyright: | Copyright Business Wire 2011 |
Source: | Business Wire, Inc. |
Wordcount: | 548 |
The ratings recognize the group’s excellent capitalization and operating performance, its strong management and effective niche market strategy. The ratings also consider the benefits derived from and the companies’ strategic roles within the
Partially offsetting these positive rating factors are ANI, NANI and NIAC’s limited sizes and the challenges associated with managing a growing book of business, their geographical expansions and establishing market positions in the face of competition.
NIAC and ANI provide a range of liability coverages to 501(c)(3) nonprofit organizations—NIAC in
A.M. Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in
For current Best’s Credit Ratings and independent data on the captive and alternative insurance market, please visit www.ambest.com/captive.
The principal methodology used in determining these ratings is Best’s Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best’s rating process and highlights the different rating criteria employed. Additional key criteria utilized include: “Risk Management and the Rating Process for Insurance Companies”; “Understanding BCAR for Property/Casualty Insurers”; “Rating Members of Insurance Groups”; and “A.M. Best’s Rating Methodology for Captive Insurance Companies.” Methodologies can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2011 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.
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Source:
Business Intelligence is the Answer [Greater Lansing Business Monthly (MI)]
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