A.M. Best Upgrades Credit Ratings of American West Insurance Company; Assigns Issuer Credit Rating to NI Holdings, Inc.
Concurrently,
American West’s upgrade is a result of its trend of favorable underwriting income in recent years, resulting in steady surplus growth in each of the past four years and a strong balance sheet. It also benefits from the explicit and implicit support of the Nodak group as it is fully integrated in the group’s enterprise risk management framework and is protected by the group’s extensive reinsurance program. Partially offsetting these positive rating factors are the company’s geographic concentration of risk and limited product offerings. Business is produced in
The affirmation of the ratings and continuation of the positive Long-Term ICR outlook on Nodak is a result of the group’s solid risk-adjusted capitalization, positive operating results and market profile as one the leading writers of property/casualty insurance in
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.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170316006171/en/
Financial Analyst
[email protected]
or
Director
[email protected]
or
Manager, Public Relations
[email protected]
or
Director, Public Relations
[email protected]
Source:
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News