News: Industry News

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 the issuer credit ratings of “aa-” of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company and NorGUARD Insurance Company, which operate under an intercompany pooling agreement. These companies are members of Berkshire Hathaway GUARD Insurance Companies (GUARD) and domiciled in Wilkes-Barre, PA. The outlook for all ratings…

Read more

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) and issuer credit ratings to “aa-” from “a-” of NorGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company and WestGUARD Insurance Company, which operate under an intercompany pooling agreement. All ratings have been removed from under review with positive implications and assigned a stable outlook.…

Read more

Acquisition of GUARD by National Indemnity Company (a Subsidiary of Berkshire Hathaway Inc.) Completed

October 26, 2012

Investor Warren Buffet’s company has completed its acquisition of Guard Insurance Group Inc., the Wilkes-Barre-based insurer announced Thursday. Carl Witkowski, Guard’s chief operating officer, said the deal will provide Guard with additional capital to expand its national business and potentially increase hiring locally. Witkowski said Guard, which specializes in small- to medium-sized commercial property and casualty accounts, has doubled the…

Read more