Wawanesa receives A+ rating

A.M. Best Co. has affirmed an A+ (Superior) financial stability rating for Canadian property and casualty insurer Wawanesa Mutual Insurance Co.
According to A.M. Best’s report, Wawanesa’s A+ (Superior) rating for 2006 is based on its “superior level of capitalization, strong balance sheet, above average liquidity, profitable operating performance, and leading market position in the Canadian property and casualty insurance sector.”
The rating also reflects its diversified book of business, broad geographic distribution,sound risk management and experienced management team, according to Wawanesa.
This is the seventh consecutive year Wawanesa has received an A+ (Superior) from A.M. Best.
Wawanesa is celebrating its 110th anniversary this year and Gregg Hanson, president and CEO of Wawanesa, says since its inception in 1896 the cornerstone to the Company’s success has been its policyholders, brokers and employees.