OLDWICK, N.J. --(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and issuer credit rating of “aa-” to Noble Assurance Company (Noble) ( Burlington, VT ). The outlook assigned to both ratings is stable. The ratings and outlook reflect Noble’s demonstrated strong capital adequacy, stable earnings and consistent surplus growth as evidenced by continued surplus levels through 2013 and projections beyond. The company benefits from intensive risk management processes as a captive insurance company for Royal Dutch Shell plc and its subsidiaries. Noble is managed by a strong captive manager and benefits from highly integrated management involvement within the Royal Dutch Shell risk management framework. One hundred percent of the risk taken by Noble is ceded to Solen Versicherungen AG (Solen), a subsidiary of Royal Dutch Shell. Solen is well capitalized and has demonstrated consistently growing metrics within the past few years. As such, A.M. Best has assessed the risk-adjusted capital strength on a combined Noble/Solen basis and found capital adequacy to be strong. Positive underwriting returns and a conservative investment strategy have contributed to strong risk-adjusted capitalization as measured by Best's Capital Adequacy Ratio. Noble could experience rating changes, both positive and negative, if there is a material change in its risk-adjusted capitalization, and/or that of Solen or Royal Dutch Shell. A.M. Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive . The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology . A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com . Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED. A.M. Best Co. Fred Eslami Senior Financial Analyst 908-439-2200, ext. 5406 email@example.com or Steven Chirico , CPA Assistant Vice President 908-439-2200, ext. 5087 firstname.lastname@example.org or Rachelle Morrow Senior Manager, Public Relations 908-439-2200, ext. 5378 email@example.com or Jim Peavy Assistant Vice President, Public Relations 908-439-2200, ext. 5644 firstname.lastname@example.org Source: A.M. Best Co.
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- Vybz Kartel Convicted of Murder
- Stocks Close Lower Ahead of Crimea Vote
- Ulta Shares Look Good on Strong Q4
- FDIC Sues Big Banks Over Rate Manipulation
- Jittery Investors Dumping Russian Stocks
- JLo Turns the Tables in New Vid: 'I Luh Ya Papi'
- U.S. Consumer Sentiment Falls in Early March
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Is Malaysian Airlines Flight 370 in Andaman Sea?