Newhall Specialty Insurance secures AM Best ratings to support U.S. fronting market growth
Dallas-based Newhall Specialty Insurance Company enters the market with top-tier insurer ratings as it expands within the MS&AD group structure. The new entity receives a stable outlook and is positioned to support further growth in the U.S. fronting market under the MS Transverse brand.
Highlights
- AM Best assigned Newhall Specialty Insurance Company a Financial Strength Rating of A+ (Superior) and Long-Term Issuer Credit Rating of ‘aa’ (Superior), both with a stable outlook.
- AM Best attributes these ratings to the MS&AD Insurance Group Holdings, Inc.’s strongest balance sheet, strong operating performance, favorable business profile, and appropriate enterprise risk management.
- Newhall Specialty Insurance Company, as a strategic new excess and surplus entity under MS Transverse Insurance Group, supports MS&AD's U.S. fronting market expansion and is included in the group pooling agreement and parental guarantee.
Ratings assignment and group backing
As reported by AM Best, Newhall Specialty Insurance Company has been assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa” (Superior), with a stable outlook.AM Best says the ratings reflect MS&AD Insurance Group Holdings, Inc.’s consolidated balance sheet strength, which it assesses as strongest, along with strong operating performance, a favorable business profile and appropriate enterprise risk management.
Role in U.S. specialty market expansion
Newhall Specialty Insurance Company is considered part of the MS&AD rating unit because of its strategic importance to its parent as a newly formed excess and surplus entity. The company is intended to support further growth in the U.S. fronting market.NSIC operates within the brand of MS Transverse Insurance Group, LLC. It is also included in the existing pooling agreement and parental guarantee alongside three other U.S. MS Transverse affiliates.
Our earlier report on AM Best’s rating upgrade for Delta Dental of California Group noted the agency raised the group’s Financial Strength Rating to A+ and improved its issuer credit ratings, while maintaining a stable outlook. AM Best linked the move to very strong balance sheet strength, sustained premium growth, a more favorable business profile, and ongoing enterprise risk management improvements.
Latest Company News News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
