A.M. Best Affirms Ratings of James River Group, Inc. and Its Subsidiaries.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (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- (Excellent) and the 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 "a-" of James River James River or Dakota River River in the U.S. rising in central North Dakota and flowing southeast across South Dakota. It joins the Missouri River about 5 mi (8 km) below Yankton after a course of 710 mi (1,140 km). Group, Inc.'s (James River) (Chapel Hill, NC) [NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : JRVR] separately rated operating subsidiaries, James River Insurance Company (JRIC) (Ohio) and Stonewood Insurance Company (Stonewood). A.M. Best has also affirmed the ICR of "bbb-" of James River. The outlook for all ratings is stable. The ratings for JRIC reflect its solid operating profitability, strong capitalization and the financial support provided by James River. The underwriting profitability is the result of a focused business plan that targets specific niche classes in the surplus lines market utilizing the expertise of an experienced underwriting staff. These positive rating factors are partially offset by the challenges and uncertainties associated with being a newer company. The ratings for Stonewood recognize the company's favorable operating performance to date, solid capitalization and the strong track record of its management team. Similar to JRIC, Stonewood's positive rating attributes are partially mitigated by the challenges it faces as a new company, as well as its limited business profile. Stonewood is a North Carolina-domiciled, niche market property/casualty insurance company providing workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. insurance primarily to the North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. residential construction industry. For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion