A.M. Best Affirms Credit Ratings of First Insurance Company of Hawaii, Ltd.
The ratings reflect First of Hawaii Group’s balance sheet strength, which
These rating factors are partially offset by the inherent risks associated with the company and its subsidiaries operating with a single jurisdiction as it pertains to regulatory, judicial, legislative and economic factors, and the group’s potential exposure to natural catastrophe and terrorism losses.
Positive rating action could occur if operating performance consistently exceeds peer companies over an extended period. Factors that could lead to negative pressure on the rating include underwriting or operating performance falling well below expectations; a decline in risk-adjusted capital; a change in view of the strategic importance of
The FSR of A+ (Superior) and the Long-Term ICRs of “aa” have been affirmed for
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First Fire and Casualty Insurance of Hawaii , Inc. -
First Indemnity Insurance of Hawaii, Inc. -
First Security Insurance of Hawaii, Inc.
This press release relates to Credit Ratings that have been published on A.M. 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 A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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