A.M. Best Affirms Ratings of Baldwin & Lyons.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength ratings (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of A+ (Superior) and issuer credit ratings (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of "aa" of the Baldwin & Lyons Group In the mathematical field of group theory, the Lyons group Ly (discovered by Richard Lyons in 1972), is a sporadic simple group of order
A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Sagamore sag·a·more n. A subordinate chief among the Algonquians of North America. [Eastern Abenaki s  Insurance Company. A.M. Best also has affirmed the ICR of
"a" for the group's publicly traded parent, Baldwin &
Lyons, Inc. (B&L) [NASDAQ/NM: BWINA and BWINB]. All companies are
domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 1. in Indianapolis, IN. The outlook for all ratings is stable. The group's ratings reflect its superior risk-adjusted capitalization, excellent operating performance and solid market position in its core commercial trucking market. These positive rating attributes are driven by the group's modest underwriting leverage, long standing client relationships and conservative balance sheet as evidenced by favorable loss reserve development. The ratings also reflect the additional financial flexibility provided by B&L. These positive rating attributes are partially offset by the group's elevated exposure to investment variability through common stock and limited partnership investments (demonstrated by realized and unrealized capital losses experienced by the company in 2008), the long-term competitive nature of its core markets, shareholder dividends and a degree of concentration with its largest customer. Recent growth in the group's assumed reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. program adds diversification to the group's business, but also adds a new source of potential variability in results through exposure to natural catastrophes. The outlook reflects A.M. Best's expectation that the group will continue to generate positive earnings and organic surplus generation over the near term. For Best's Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com. |
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