A.M. Best Assigns Ratings to National General Re Ltd.

OLDWICK, N.J.--()--A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to National General Re Ltd. (NG Re) (Hamilton, Bermuda), a subsidiary of National General Holdings Corp. (NGHC) [NASDAQ:NGHC]. The outlook assigned to both ratings is stable.

NG Re was formed in 2011 to function primarily as a reinsurer for affiliates, and the company currently participates in a reinsurance relationship with its affiliate Integon National Insurance Company (Integon). While the reinsurance participation has varied since its inception, as of Oct. 1, 2015, NG Re assumes a 50% share of Integon’s gross premiums written. The ratings of NG Re reflect its supportive level of risk-adjusted capitalization and generally favorable operating performance since its inception. They also reflect NG Re’s relationship to Integon and the strategic role NG Re plays within the NGHC enterprise.

Positive rating actions may result should the performance of NG Re and its affiliates outperform expectations and the results of its peers. Negative rating actions could be taken should results not meet expectations or if risk-adjusted capitalization declines to a level that is not supportive of the current ratings.

This press release relates to rating(s) that have been published on A.M. Best's website. 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 visit A.M. Best’s Ratings & Criteria Center.

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 © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts

A.M. Best
Jennifer Marshall, CPCU, ARM
Assistant Vice President
908-439-2200, ext. 5327
jennifer.marshall@ambest.com
or
Michael Lagomarsino, CFA, FRM
Vice President
908-439-2200, ext. 5810
michael.lagomarsino@ambest.com
or
Christopher Sharkey
Manager, Public Relations
908-439-2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Assistant Vice President, Public Relations
908-439-2200, ext. 5644
james.peavy@ambest.com

Contacts

A.M. Best
Jennifer Marshall, CPCU, ARM
Assistant Vice President
908-439-2200, ext. 5327
jennifer.marshall@ambest.com
or
Michael Lagomarsino, CFA, FRM
Vice President
908-439-2200, ext. 5810
michael.lagomarsino@ambest.com
or
Christopher Sharkey
Manager, Public Relations
908-439-2200, ext. 5159
christopher.sharkey@ambest.com
or
Jim Peavy
Assistant Vice President, Public Relations
908-439-2200, ext. 5644
james.peavy@ambest.com