Specialty truck insurer First Guard Insurance Company announced today that A.M. Best Company has affirmed its financial strength rating of A (Excellent) with a stable rating outlook. For the latest ratings, visit www.ambest.com.
First Guard’s solid capitalization and balance sheet liquidity coupled with a history of excellent underwriting and operating profitability attribute greatly to the company’s A (Excellent) rating. The effective use of technology to leverage efficient policy issuance, billing, claims handling and communication with the leased owner operator targeted segment distinguishes First Guard amongst the competition. Management’s effectiveness and aversion to unreasonable risk also play strongly to long-term profitability and stability.
“We are very pleased that AM Best has affirmed our "A" rating,” stated Ed Campbell III, Chairman of First Guard Insurance Company. “First Guard's surplus continues to grow even in this challenging economy. Over the past year we have fine tuned our operating model concurrent with the development of new products for truckers. As a direct writer First Guard is well positioned to gain market share from competitors who remain beholden to agency and broker distribution channels,” concluded Campbell.
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