AM Best Affirms North American Casualty Companies’ Ratings

The affirmed ratings reflect very strong balance sheet strength and strong operating performance

Omaha -- June 11, 2021 -- Ratings issuer AM Best has affirmed the Financial Strength Ratings of ‘A’ (Excellent) and Long-Term Issuer Credit Ratings of ‘a’ (Excellent) of the seven insurance companies collectively referred to as North American Casualty Group (NAC).

The companies with the affirmed ratings are: California Insurance Company, Continental Indemnity Company, Illinois Insurance Company, and Pennsylvania Insurance Company, domiciled in New Mexico; Texas Insurance Company, domiciled in Texas; Oklahoma Property and Casualty Insurance Company, domiciled in Oklahoma; and Ashmere Insurance Company, being renamed Florida Casualty Insurance Company, domiciled in Florida.

According to the ratings agency, “the ratings reflect NAC’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.”

For further information contact:
Ryan Gerding, Public Relations, at +1 (913) 602-8531 or at press@auw.com.

About Applied Underwriters
Applied Underwriters® is a global risk services firm that helps businesses and people manage uncertainty through its business services, insurance and reinsurance solutions. As a company, Applied Underwriters has been distinguished by its innovative approaches to client care and by its strong financial strength. Applied Underwriters operates widely throughout the US, UK, EU and Middle East. Its operational headquarters is located in Omaha, Nebraska.

About AM Best (www.ambest.com)
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.