![]() Wright’s operations will become part of Brown & Brown’s National Programs Division. TWIG subsidiaries acquired include: Wright Risk Management Co., LLC Wright Specialty Insurance Agency, LLC Wright Risk Consulting, LLC, Wright Program Management, LLC, Wright National Flood Insurance Services, LLC, and Wright National Flood Insurance Co. of Uniondale, N.Y., which serves the education market. It is the largest provider involved in the federal flood insurance program.ī&B has acquired 100 percent of the membership interests of TWIG and its subsidiaries, with the exception of WRM America Indemnity Co. ALL RIGHTS RESERVED.TWIG, with $114 million in revenues, is a fee-based specialty insurance services company that underwrites and administers property/casualty risks through three distinct segments: Wright Flood, program services servicing reciprocals and self-insured groups, and managing general agent services. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. ĪM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments. ![]() For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. This press release relates to Credit Ratings that have been published on AM Best’s website. The company’s solid operating performance is primarily driven by profits produced from service fees and ceding commissions from the NFIP, resulting in the company’s ability to generate surplus growth through operations. WNFIC’s balance sheet strength continues to be supported by its strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), excellent quality of capital, and conservative investment portfolio. Despite its mono-line orientation, WNFIC’s unique business profile with an exclusive flood focus has proven to benefit the organization as a proponent of the Federal Emergency Management Agency’s new pricing methodology for the National Flood Insurance Program (NFIP), Risk Rating 2.0, by providing early opt-in quotes, education and resources to consumers and agents. writer of federal flood insurance, which is supported by the largest Write Your Own sales and support staff, in addition to WNFIC’s excellent management with a successful history of executing its strategy. The rating upgrades reflect a revision in the company’s business profile assessment, which has benefitted from its strong market presence as the leading U.S. ![]() The ratings reflect WNFIC’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. ![]() The outlook of these Credit Ratings (ratings) is stable. OLDWICK, N.J.-( BUSINESS WIRE)- AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Wright National Flood Insurance Company (WNFIC) (San Antonio, TX). ![]()
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