A.M. Best Affirms Credit Ratings of Berkshire Hathaway GUARD Insurance Companies’ Members
By a
The ratings reflect GUARD's solid risk-adjusted capitalization, favorable operating profitability achieved through disciplined underwriting initiatives, and conservative reserving philosophy, which has resulted in favorable reserve development in recent years. The ratings also acknowledge the implicit and explicit financial support provided by GUARD's ultimate parent,
Partially offsetting these positive rating factors are the group's above-average growth in its core workers' compensation line and other commercial classes over the past several years. While GUARD has been deliberate and measured in its approach to the market, there is greater inherent risk associated with integrating new product lines and expansion into new states. In addition, there is a degree of risk as it regards the concentration in several states and production sources. Despite these concerns, the outlooks reflect GUARD's enhanced financial flexibility provided by Berkshire, solid balance sheet and historical underwriting profitability.
Keywords for this news article include:
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC
Schmick insists GOP plan won’t end people’s health care
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News