07.07.2016, 13:27
A.M. Best Upgrades Issuer Credit Rating of Nevada General Insurance Company
OREANDA-NEWS. A.M. Best has removed from under review with positive implications and upgraded the issuer credit rating to “bbb+” from “bbb” of Nevada General Insurance Company (Nevada General) (Las Vegas, NV). Concurrently, A.M. Best has affirmed Nevada General’s financial strength rating of B++ (Good). The outlook assigned to each rating is positive.
The ratings reflect the recent completion of Western National Mutual Insurance Company’s (Western) acquisition of Nevada General. As part of larger more diverse conglomerate of companies, Nevada General will benefit from operational and financial guidance. This guidance will provide Nevada General the necessary tools and expertise to improve profitability.
The positive outlooks reflect A.M. Best’s expectation that Nevada General will be further integrated into Western in the near term.
The ratings reflect the recent completion of Western National Mutual Insurance Company’s (Western) acquisition of Nevada General. As part of larger more diverse conglomerate of companies, Nevada General will benefit from operational and financial guidance. This guidance will provide Nevada General the necessary tools and expertise to improve profitability.
The positive outlooks reflect A.M. Best’s expectation that Nevada General will be further integrated into Western in the near term.
Комментарии