TMCnet News
Safety National® Receives Standard & Poor's Rating Upgrade to A+Standard & Poor's (S&P) Global Ratings increased the financial strength rating of the Delphi (News - Alert) companies, including Safety National Casualty Corporation, to A+ with a positive outlook. According to S&P Global Ratings, the upgrade reflects a change in their assessment of Delphi's group status to core from highly strategically important, reflecting their view that Delphi has become more integrated into the Tokio Marine Group parent business operations and ongoing strategy. S&P noted that Safety National continues to grow its top line and maintain acceptable statutory combined ratios. This performance is supported by fostering strong and persistent client relationships, as shown by strong retention rates. "This upgrade is not only a testament to Safety National' contributions to the Tokio Marine Group, but it also reinforces the security and stability that our insurance and reinsurance partners receive when they trust their business to us," said Safety National's CEO, Mark Wilhelm. "I am extremely proud of S&P's recognition of Safety National's clear ability to retain long-term clients. It is our relationship-based approach to business and customer service that we believe distinguishes Safety National in the marketplace." Safety National is a leading specialty insurance and reinsurance carrier. Providing uninterrupted service to thousands of customers nationwide for over 75 years, the Company offers specialized expertise, flexible program and placement design, and unique claims proficiency. Safety National is a member of the Tokio Marine Group and is rated A+ (Superior), FSC XV by A.M. Best. Learn more at www.safetynational.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20181120005060/en/ |
