News Column

A.M. Best Takes Various Ratings Actions on Subsidiaries of National General Holdings Corp.

July 11, 2014



OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Besthas removed from under review with positive implications and upgraded the financial strength rating (FSR) to A- (Excellent) from B+ (Good) and the issuer credit rating (ICR) to “a-” from “bbb-” of Imperial Fire and Casualty Company(Opelousas, LA). Concurrently, A.M. Best has assigned an FSR of A- (Excellent) and an ICR of “a-” to National Automotive Insurance Company(Metarie, LA).The outlook assigned to all ratings is stable.

These rating actions follow closure of the companies’ acquisition by National General Holdings Corp. (National General)and the explicit support provided by one of its subsidiaries, Integon National Insurance Company, in the form of an intercompany reinsurance pooling agreement that was executed following regulatory approval. All remaining ratings of National General and its subsidiaries are unchanged. (Click here to see press release.)

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 © 2014 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.




A.M. Best Company

Brian O’Larte,908-439-2200, ext. 5138

Senior Financial Analyst

brian.o'larte@ambest.com

or

Michael Lagomarsino, CFA,908-439-2200, ext. 5810

Assistant Vice President

michael.lagomarsino@ambest.com

or

Chris Sharkey, 908-439-2200, ext. 5159

Manager, Public Relations

christopher.sharkey@ambest.com

or

Jim Peavy, 908-439-2200, ext. 5644

Assistant Vice President, Public Relations

james.peavy@ambest.com

Source: A.M. Best Company


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