Posted at 9:58 a.m., Thursday, June 7, 2007
Island Insurance gets 'A' financial strength rating
Advertiser Staff
Island Insurance Company's, "A" (excellent) financial strength rating was reaffirmed by A.M. Best Company.The rating agency also gave Island Insurancne an "A+" (strong) issuer credit rating.
An "A" financial strength rating is assigned to companies who have an excellent ability to meet its ongoing obligations to policyholders. An Issuer Credit Rating, which was previously only published for publicly traded companies, reflects an insurer's ability to meet its senior financial obligations.
"We are very pleased by the reaffirmation of our excellent financial strength rating and the addition of an 'A+' Issuer Credit Rating," said John Schapperle, President and Chief Operating Officer of Island Insurance. "Our successful ratings are a reflection of the operational excellence throughout our company and with our agency partners," he added.
Island Insurance Company, Ltd. is Hawaii's largest locally owned and managed insurance carrier, offering a full range of property and casualty protection. Founded in downtown Honolulu in 1939, Island Insurance has been serving Hawaii's families and businesses for more than 65 years. Today it employs over 180 people.
