Safety National Receives Standard & Poor’s Rating Upgrade to A+
ST. LOUIS -- July 30, 2013
Safety National, the U.S. market leader in excess workers’ compensation and
significant provider of treaty reinsurance and large casualty offerings,
announced today that Standard & Poor’s upgraded the Company’s financial
strength rating to A+.
According to Standard & Poor’s, the upgrade is a result of Safety National’s
and Delphi Financial Group’s strong business and very strong financial risk
profiles, which are based on its very strong capitalization and strong
competitive positions in its chosen niches, as well as the extraordinary
support that the Company might receive from its parent, Tokio Marine Holdings,
“We are very pleased with this news,” said Safety National’s CEO, Mark
Wilhelm. “Not only does this upgrade recognize the unquestioned financial
security and growth potential that Safety National now has with Tokio Marine’s
backing, it also recognizes the thriving contributions that Safety National
offers to the entire Tokio Marine Group of companies.”
Safety National became a member of the Tokio Marine Group in May 2012 as a
result of Tokio Marine’s acquisition of Delphi Financial Group, Safety
National’s former parent company.
Safety National is a versatile alternative market insurance provider that
offers a broad range of risk funding products through insurance agents and
brokers. Founded in 1942, Safety National is the leading provider of excess
workers’ compensation coverage to self-insured employers and groups
nationwide, and has provided that type of coverage longer than any other
company in the United States. Safety National is a member of the Tokio Marine
Group and is rated “A” (Excellent), Financial Size Category XI, by A.M. Best.
To learn more, visit: www.safetynational.com.
Christie Smith, 314-692-9548
Corporate Communications Manager
Press spacebar to pause and continue. Press esc to stop.