National Interstate Insurance Co has ratings affirmed

National Interstate insurance Company, which specialises in captive risk transfer products for the transportation industry, has had it’s a rating A+ rating affirmed by AM Best. The outlook is stable.

National Inter State is a subsidiary of Great American Insurance Company, whose A+ rating was affirmed. Its parent company, American Financial Group, also had its credit ratings affirmed.   

AM Best said National Interstate and its affiliates, which are located in Richfield, Ohio, had a very strong balance sheet and strong operating performance. 

“The ratings also reflect lift from the lead rating unit, Great American, recognizing the historical support and services,” the ratings agency said. 

“National Interstate’s ratings are supported by risk-adjusted capitalization assessed at the strongest level, as measured by BCAR, a prudent investment portfolio and high quality of reinsurance partners. 

“The group maintains significant expertise in its niche-focused market of captive risk transfer products for the transportation market. Despite this more limited focus, the group has demonstrated consistent favourable operating results on par with peers through continued strong underwriting results.” 

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