Kingsway financial strength reaffirmed

Standard & Poors (“S&P”) has reaffirmed the ‘BBB-‘ long-term counterparty credit and senior unsecured debt ratings of Kingsway Financial Services Inc. (TSX:KFS, NYSE:KFS).
The ratings agency also affirmed the rating of Kingsway’s U.S. holding company, Kingsway America Inc.
The outlook is stable and the rating, according to S & P’s, reflects “Kingsway’s strong business position in non-standard auto, trucking, and motorcycle insurance, disciplined underwriting, and strong distribution channels.
Kingsway’s financial results for 2005 continued their favourable trend of several years.”
“Our underwriting discipline and consistency of results is key to our business plan going forward,” Bill Star, president & CEO, says.