7 January 2016Actuarial & underwriting

'A' rating of NSCIC RRG affirmed

The financial stability rating (FSR) of A, Exceptional, assigned to National Service Contract Insurance Company (NSCIC) risk retention group (RRG) has been affirmed by financial analysis firm Demotech.

Dermotech said the rating had been assigned to the RRG due to exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, as well as reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.

NSCIC was incorporated and started business in Hawaii as a captive insurance company in 1996. The RRG redomesticated to the District of Columbia in May 2005, operating as a risk retention group under the captive insurance laws of DC.