First Guard Insurance Company Reaffirmed "A" Rating by A.M. Best for 8th Consecutive Year

Specialty truck insurer First Guard Insurance Company announced today that A.M. Best Company (Oldwick, NJ) has affirmed its financial strength rating of A (Excellent) with a stable rating outlook.  Since 2004, First Guard Insurance Company has maintained the rating of A (Excellent). For the latest ratings, visit www.ambest.com.

The “A” (Excellent) rating of First Guard reflect its solid risk-adjusted capitalization and balance sheet liquidity as well as history of excellent underwriting and operating profitability. First Guard’s expertise in the trucking physical damage market for leased owner-operators coupled with prudent underwriting standards, immediate attention to operational issues and a conservative operating strategy continues to play a strong role in long-term profitability and stability.

A reduction in claim activity and loss experience for the latter part of 2011 resulted in sound underwriting profits and this trend has continued into 2012. Solid underwriting capability in conjunction with a conservative operating strategy reassure A.M. Best analysts that First Guard Insurance Company will continue to produce favorable operating results.

“First Guard Insurance Company has stayed true to an underwriting discipline that speaks to our consistently profitable results,” stated Chairman Ed Campbell III. “Surplus has grown by a factor of over ten since the company's founding. While we hope the economic environment improves, we feel well positioned for profit and growth regardless the state of the economy."

About First Guard Insurance Company

First Guard Insurance Company, rated “A” by AM Best, provides physical damage and non-trucking liability insurance to leased owner operators.  First Guard is the only specialty truck insurer in the country that does not market through independent insurance agents.   First Guard Insurance Company is an affiliate of 1^st Guard Corporation, based out of Venice, Florida.