westport insurance corporation am best rating
Mathew B. Sims Westport Insurance Corporation is located at: 5200 Metcalf Avenue A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Employers Re Corp Group (Employers Re) and Westport Insurance Corporation (Jefferson City, MO). Comparison shopping should be easy. Over the past two decades the Big I Professional Liability Program, underwritten by Westport Insurance Corporation, a member of the Swiss Re Group, has grown into the largest and most stable insurance agents E&O program in the nation. background: none; .quote-new-360-mda .responsive-mda .mda-contents { margin: 10px 10% 30px 10%; } AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "aa" of Swiss Reinsurance Company Ltd (Switzerland) and its rated operating affiliates. @media (max-width: 40em) { Please use the following links to download: This site is not compatible with Internet Explorer. Westport Insurance Corporation is a subsidiary of Swiss Re, headquartered in Zurich, Switzerland. A Best’s Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract Westport Insurance Corp. Westport Insurance Corp operates as an insurance firm. The financial strength rating of A (Excellent) has been affirmed with a stable outlook for Employers Re Corp Group, which is comprised of the following affiliates: -- Employers Reinsurance Corporation -- GE Reinsurance Corporation -- First Specialty Insurance Corporation The financial strength rating of A (Excellent) has been affirmed with a stable outlook for Westport Insurance Corporation. The company’s one-year sales growth was negative 10.71 percent (2010 vs. 2009). Copyright © 2000-2021 | AutoInsurance.org | 113 Cherry Street, #37960 Seattle, Washington 98104-2205 | Privacy Policy | Terms & Conditions | CCPA. Moves to Rescind Two Trump-era Rules on Worker Classification. Westport Insurance Corporation, like most wholly owned subsidiaries, is not independently rated, but inherits the rating of the parent company, Swiss Re Ltd. During the 2008 to 2009 economic downturn, Swiss Re avoided acquisitions and sold some prior portfolio companies to raise cash. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The company lost $2.45 per share in fiscal year 2008, during the global financial downturn. Our partnerships don’t influence our content. Travel Guard Auto Insurance Review (2021), Plymouth Rock Auto Insurance Review (2021), Public Service Mutual Company Auto Insurance Review (2020), National Union Auto Insurance Review (2020), The Most Inexpensive Infiniti Auto Insurance. Visit www.ambest.com for more information. Furthermore, Medical Protective's capitalization is supported by an aggregate stop-loss protection from its affiliate, Employers Reinsurance Corporation, through accident year 2003, which will serve to manage any unforeseen deterioration in the 2001 through 2003 accident years. The outlook for these ratings is stable. Take a moment to request free auto insurance quotes from top insurance companies. 8022 Zurich The more quotes you compare, the more chances to save. When evaluating rates, please verify directly with your insurance company or agent. The company employs about 600 people in all locations, and approximately 225 at the company’s headquarters. This web site needs javascript enabled to work properly. To strengthen its risk-adjusted capitalization, the company has entered into a 25% quota share agreement in 2004 to manage growth. Enter your ZIP code below to view companies that have cheap auto insurance rates. He has also been featured on sites like UpJourney. 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. Westport Insurance Corporation is located in Overland Park, KS, United States and is part of the Property/Casualty Insurance Carriers Industry. The affiliates comprising the group are Employers Reinsurance Corporation, GE Reinsurance Corporation (Barrington, IL) and First Specialty Insurance Corporation, a reinsured affiliate. Parent company, Swiss Re, has its global headquarters at: Mythenquai 50/60 Agri General Auto Insurance Review (2020), Collision vs Comprehensive Auto Insurance, Guaranteed Auto Protection (GAP) Insurance, Custom Parts and Equipment (CPE) Coverage, Westport Insurance Corporation was founded in 1992 and was incorporated in the state of Kansas, The company underwrites property & casualty insurance, including auto insurance, marine, and fire insurance policies, Westport Insurance Corporation is a subsidiary of Swiss Re, headquartered in Zurich, Switzerland, https://www.allstate.com/tools-and-resources/insurance-basics/property-and-casualty-insurance.aspx, https://www.libertymutual.com/life-insurance, http://www.amsinsurancegroup.com/portfolio-insurance-company-legislation/. All companies listed above are located in Overland Park, KS, except where specified. The Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. To receive an optimal experience please upgrade to Google Chrome or Firefox or Safari or Microsoft Edge. It also sold CyberComp, an Internet-based workers’ comp unit, to AmTrust Financial Services. .quote-new-360-mda .responsive-mda .mda-contents { margin: 0; } Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. Find the latest ratings, reports, data, and analytics on Westport Insurance Corporation Westport Insurance Corporation North American Specialty Insurance Company North American Capacity Insurance Company ... AM Best is a global credit rating agency, news publisher and data provider specialising in the insurance industry. Suite 205 Westport Insurance Corporation was founded in 1992 and was incorporated in the state of Kansas. Nevertheless, Employers Re remains exposed to legacy issues related to its asbestos and environmental exposure, as well as the potential for continued deterioration of liabilities associated with the 1997 to 2001 accident years. Notwithstanding, the rating reflects Medical Protective's leading market presence, distribution capabilities and aggressive claims philosophy, historically strong pre-tax earnings supported by a stable and substantial level of invested asset base and improved accident year results highlighted by positive operating cash flows. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. Net income grew by 183.10 percent in 2010 vs. 2009. Westport Insurance and Swiss Re Locations, Westport Insurance and Swiss Re Financial Information, Westport Insurance and Swiss Re Competitive Markets, Westport Insurance and Swiss Re Recent News. The Symbol, Number, or Score in the Rating Scale used to Denote the Credit Rating Categories and Notches as required by Paragraph (a)(1)(ii)(A) of Rule 17g-7 Westport Insurance Corporation CAB AM Best #: 086127 NAIC #:N/A FEIN #:N/A Financial Strength Rating View Definition Rating: A+ (Superior) Affiliation Code: g (Group Rating) Parent Swiss Re sold $75 million in catastrophe bonds to protect against the risk of a flu pandemic such as the H1N1 virus over a five-year period. The company employs about 600 people in all locations, and approximately 225 at the company’s headquarters. Switzerland It is a source for an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. He’s also been featured on sites like Reviews.com and Safeco. What are the penalties for a DWI conviction in Minnesota? A.M. Best expects that Medical Protective will build capital organically as it maintains fundamental profitability through underwriting discipline and stable investment returns. Sign-In/Register; How Our Platform Works. Get fast and no-cost auto insurance quotes by entering your ZIP code below! Westport Insurance Corporation is a subsidiary of Swiss Re, headquartered in … Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of “a+” of Selective Insurance Company of America and its nine pooled affiliates, collectively referred to as Selective. AM Best Rating Unit: AMB #: 070399 - OneAmerica Group. Phone: +41 43 285 2121, .quote-new-360-mda .responsive-mda.mda, .quote-new-360-mda .responsive-mda.mda.home { The parent company competes most directly with Hannover Re and Munich Re, both headquartered in Germany. The company underwrites property & casualty insurance, including auto insurance, marine, and fire insurance policies. 6 min read. For the first quarter of 2011, the company reported $6.67 billion in revenues vs. $7.26 billion in the fourth quarter of 2010. Phone: 800.326.2700 Fax: 800.588.4958. Current estimates show this company has an annual revenue of 141553048 and employs a staff of approximately 600. The Big I Professional Liability Program offers not just a policy, but a comprehensive program for insurance agents. The company does business in more than 100 countries. Phone Number: 972.881.9869; Website:http://www.swissre.com; A.M. Best Company Rating: A+ (Excellent) For the latest rating, access http://www.ambest.com/ Claim Reporting Info. It’s easy to do, and completely free—start by enter your ZIP code into our auto insurance quote tool above! Independently owned Commercial Umbrella Underwriting Facility. All insurance rates, products, and services are presented without warranty and guarantee. Moody’s and Standard & Poor’s are also rating agencies equally respected in the market, although they issue ratings for a broader range of industries and do not focus solely on the insurance … Westport Insurance Corporation competes with top U.S. auto insurance companies such as State Farm, Allstate, and AIG in regional markets. Westport Insurance Corporation has 600 total employees across all of its locations and generates $155.71 million in sales (USD). Swiss Re’s global gross revenues were $32.29 billion in 2009 vs. $28.84 billion in 2010. Fax: 1.877.880.1590; Email: ci_specialtyclaims@swissre.com; Mail:Westport Insurance Corporation Specialty Claims PO Box 29221 Daniel Walker Get fast and no-cost auto insurance quotes by entering your ZIP code below! Assigned to insurance companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations. Experience first hand how hard we work--so you don't have to. of its past or present owners, officers, partners or employees or solicitors, or to the knowledge of Swiss Re is one of the world’s largest insurance and reinsurance companies. Our partnerships don’t influence our content. OLDWICK, N.J., August 16, 2016—A.M. Additionally, A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) for Medical Protective Company (Fort Wayne, IN). We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Thus, their ratings could be negatively affected over the next 12 months if net carried loss reserves prove to be inadequate or if underwriting or operating leverage becomes elevated. Swiss Re is one of the world’s largest insurance and reinsurance companies. Under that company, they are rated A+ (Superior) by the A.M. Best financial ratings company, and has a long term outlook of aa-. Editor-in-Chief. Westport Insurance Corporation was founded in 1992 and was incorporated in the state of Kansas. Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Financial Strength Ratings: Operating Entity: A.M. Best: Standard & Poor's: Moody's: Everest Reinsurance Company: A+: A+: A1: Everest Reinsurance (Bermuda), Ltd. A+: A+: A1: Everest Reinsurance Company (Ireland), dac: A+: A+: N/R: Everest National Insurance Company: A+: A+: N/R: Everest Indemnity Insurance Company: A+: A+: N/R: Everest Security Insurance Company: A+: N/R: N/R Ultimate parent Swiss Re (Swiss Reinsurance Company) trades on the pink sheets (Symbol: SWCEY) as American Depository Receipts (ADRs) and on the Swiss Exchange (Symbol: RUKN). The more quotes you compare, the more chances to save. View additional news, reports and products for this company. There are 287 companies in the Westport Insurance Corporation corporate family. Laguna Hills, CA 92653 Quotes and offers are not binding, nor a guarantee of coverage. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. In addition, over the past two years the company has executed underwriting actions, implemented tighter underwriting controls and has maintained its prominence in the worldwide reinsurance markets through its international distribution capabilities. It pays to compare your auto insurance rates at least once each year. Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Save my name, email, and website in this browser for the next time I comment. The affirmation of Employers Re's rating reflects its excellent risk-adjusted capitalization, improving operating performance and its dominant market presence and distribution capabilities. The downgrade of Medical Protective's rating primarily reflects a weakened risk-adjusted capitalization, precipitated by continued strong net premium growth and further reserve strengthening in 2003, primarily from 1999-2000 accident years. Categorized under Property Insurance and Casualty Insurance. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. We are a free online resource for anyone interested in learning more about auto insurance. Earnings per share increased to $2.43 per diluted share in 2010 vs. $1.43 in 2009. The company helps other insurance companies to reinsure risk in property & casualty, auto/motor, liability, health, and life insurance businesses. Westport Securities Activity Supplement; Carrier Information. Average Premium Renewal Rates for February Continue to Fluctuate Across Major Commercial Lines:... More than Three-Quarters of CEOs Confident about Global Economy in 2021: PwC Survey, Labor Dept. We update our site regularly, and all content is reviewed by auto insurance experts. @media (max-width: 985px) { However, operating income increased to $2.68 billion in 2010 vs. $922.85 million in 2009. Has any policy or application for Errors and Omissions insurance on behalf of the applicant or any . The parent company’s gross revenues declined in 2010 from 2009 levels. Overview; Storefront Plans & Pricing; Advertising & Email Marketing Services We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. For optimal experience please upgrade to Microsoft Edge or use alternative browsers such as Firefox, Safari, or Google Chrome. United States. Phone: 913-676-5270. Reviewed by Westport Insurance Corporation is a subsidiary of Swiss Re, headquartered in Zurich, Switzerland. The outlook of the Long-Term ICR has been revised to negative from stable, while the outlook of the FSR is stable. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. Western Surety Company 00974 1935 A Westfield Insurance 02382 1934 A Westport Insurance Corp 00347 1922 A T his Rating History Project is based on Best’s Financial Strength Ratings. Th, 23172 Plaza Pointe Drive } your ZIP code into our auto insurance quote tool above! Our goal is to be an objective, third-party resource for everything auto insurance related. Swiss Re’s clients are small-to-mid-level insurance companies seeking the company’s acclaimed financial management services. The rating outlook has been revised to stable from negative. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. } Licensed Auto Insurance Agent. In the United States, Swiss Re and its operating insurance units compete with. We strive to help you make confident auto insurance decisions. A.M. Best Withdraws Ratings of Westport Life Insurance Company: A.M. Best Co. has withdrawn the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Westport Life Insurance Company (Westport) (Phoenix, AZ). Our records show it was established in 1992 and incorporated in KS. The company reported a negative operating income of about $918 million in Q1 2011 vs. $318 million of operating income in Q4 2010. reported to Westport Insurance Corporation’s Claims Dept.) AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. The company’s net annual income was almost $2 billion. You may experience some issues on older version of Internet Explorer. Our goal is to be an objective, third-party resource for everything auto insurance related. A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Employers Re Corp Group (Employers Re) and Westport Insurance Corporation (Jefferson City, MO). A.M. Best Upgrades Ratings of Plateau Insurance Company A.M. Best Co. has upgraded the financial strength rating (FSR) to A- (Excellent) from B++ (Good) and issuer credit rating (ICR) to “a-” from “bbb+” of Plateau Insurance Company (PIC). .quote-new-360-mda .responsive-mda .mda-contents { margin: 10px 0% 30px 0%; max-width: 100%; } Great Point Insurance Services, Inc. - Commercial Umbrella Underwriting Facility. Our opinions are our own. Comparison shopping should be easy. Shawnee Mission, Kansas 66202-1265 Our opinions are our own. PO Box This Westport Auto Insurance Review looks at Westport Insurance Corporation of Shawnee Mission, Kansas. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. These ratings apply to Employers Reinsurance Corporation and GE Reinsurance Corporation (together known as Employers Re Corp. Group), Westport Insurance Corporation and Coregis Insurance Company. Although Swiss Re has a global clientele, about 40 percent of the organization’s revenues originate in the U.S. Swiss Re reported global sales of $28.84 billion in fiscal year ended December 2010. Westport Insurance Corporation North American Specialty Insurance Company ... AM Best is a global rating agency and information provider with a unique focus on the insurance industry. AM Best Company provides news, credit ratings and financial data products and services for the insurance industry. Furthermore, limited flexibility exhibited by the direct parent, GE Global Insurance Holdings Corporation (GE Global) (Overland Park, KS) has placed pressure on the risk-adjusted capitalization of the individual affiliates as they continue to rebuild their capital bases from weak underwriting performance associated with the 1997-2001 accident years. The affiliates comprising the group are Employers Reinsurance Corporation, GE Reinsurance Corporation (Barrington, IL) and First Specialty Insurance Corporation, a reinsured affiliate. 1. Please enable it to use the full functionality of the web site. The Company offers property and casualty insurance services. Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). With two years of improving underwriting results bolstered by asset sales and other capital management improvements, as well as significant third-party aggregate stop loss protection, Employers Re has maintained capital in line with an A (Excellent) rating and has exhibited prospective long-term earnings capability stemming from its well diversified business platform. 24. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Written by The company sold investment manager Conning, purchased from MetLife in 2001. Westport Insurance Corporation sells primary property & casualty insurance products, including auto insurance coverage, to individual and commercial clients in the United States. AM Besthas affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "aa" of Swiss … }. Disclaimer: AutoInsurance.org strives to present the most up-to-date and comprehensive information on saving money on car insurance possible. Swiss Re, and portfolio insurance companies like Westport Insurance Corporation, helps clients to understand, evaluate, and manage risk concerns. A.M. Best Company is a global credit rating agency serving the insurance industry. Sign up for the ProgramBusiness.com Daily NewsFlash! Headquartered in the United States, the company …