A.M. Best Upgrades Issuer Credit Rating of West Bend Mutual Insurance Company
The Credit Ratings (ratings) reflect West Bend’s balance sheet strength, which
The upgrade of the Long-Term ICR considers West Bend’s strict underwriting guidelines and strong claims handling practices leading to strong underwriting over the past five-year period, which have outperformed the commercial casualty composite. Furthermore, consistent reserving practices have resulted in favorable calendar and accident-year development trends. Partially offsetting factors include modest volatility, earlier in the past 10-year period, and average pre-tax return measures that are lagging the composite. Although
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 © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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