Canadian Underwriter

S&P affirms Kingsway group’s financial strength ratings

March 18, 2005   by Canadian Underwriter

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Rating agency Standard & Poor’s has reaffirmed the financial strength ratings of Kingsway Financial Services Inc. and the group’s U.S. operational holding company, Kingsway America Inc.
A significant factor cited by the rating agency for its affirmed position of the Kingsway group is the strong position the company holds in the trucking, non-standard auto, and motor-cycle insurance markets which, based on past good operating performance should position the insurer to benefit from the overall improving financial conditions of the insurance industry. "The Kingsway underwriting discipline, focus on niche markets, strong distribution channels, and strong relationships with agents and brokers will help the company to continue to solidify and sustain its market position as a leading underwriter of non-standard auto and motor-cycle products," S&P says.

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