News: Awards/Recognition

AM Best Affirms Credit Ratings of Berkshire Hathaway GUARD Insurance Companies’ Members

March 27, 2020

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company and AZGUARD Insurance Company (Omaha, NE), which operate under an intercompany pooling agreement. These companies are members of Berkshire Hathaway GUARD Insurance Companies […]

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A.M. Best Affirms Ratings of GUARD Members

March 21, 2019

A.M. Best Co. has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company and NorGUARD Insurance Company…members of Berkshire Hathaway GUARD Insurance Companies (GUARD)…. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect GUARD’s balance sheet strength, which AM Best categorizes as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

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A.M. Best Affirms Ratings of Berkshire Hathaway GUARD

February 4, 2016

A.M. Best has affirmed the financial strength rating of A+ (Superior) and issuer credit ratings of “aa-“…. The ratings reflect Berkshire Hathaway GUARD’s solid capitalization, favorable operating profitability achieved through disciplined underwriting initiatives and conservative reserving philosophy, which has resulted in favorable reserve development in recent years. The ratings also acknowledge the implicit and explicit financial support provided by GUARD’s ultimate parent, Berkshire Hathaway Inc.

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A.M. Best Upgrades 2013 Ratings of GUARD Members

January 24, 2013

A.M. Best Co. has upgraded the financial strength rating to A+ (Superior) from A- (Excellent)…. The ratings reflect GUARD’s solid capitalization, favorable operating profitability achieved through disciplined underwriting initiatives, as well as the cautious manner in which initial claim reserves are established, which has resulted in favorable reserve development in recent years. The ratings also acknowledge the implicit and explicit financial support provided by GUARD’s new ultimate parent, Berkshire Hathaway Inc. and Berkshire subsidiary, National Indemnity Company…. In addition to Berkshire’s track record of supporting its member companies, these transactions demonstrate the explicit commitment provided by Berkshire, for which GUARD members receive rating enhancement.

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GUARD Named a Ward’s 50 Top Performer for 2012

July 17, 2012

Annually, Ward Group analyzes the financial performance of over 3,000 property-casualty insurance companies and nearly 800 life-health insurance companies domiciled in the United States and identifies the top performers in each segment. This group is called the Ward’s 50 for the year. Each Ward’s 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed.

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