St. Louis, MO -(BusinessWire)- Safety National, the U.S. market leader in excess workers’ compensation and significant provider of treaty reinsurance and large casualty offerings, recently announced that Standard & Poor’s upgraded the Company’s financial strength rating to A+.
According to Standard & Poor’s, the upgrade is a result of Safety National’s and Delphi Financial Group’s strong business and very strong financial risk profiles, which are based on its very strong capitalization and strong competitive positions in its chosen niches, as well as the extraordinary support that the Company might receive from its parent, Tokio Marine Holdings, Inc.
“We are very pleased with this news,” said Safety National’s CEO, Mark Wilhelm. “Not only does this upgrade recognize the unquestioned financial security and growth potential that Safety National now has with Tokio Marine’s backing, it also recognizes the thriving contributions that Safety National offers to the entire Tokio Marine Group of companies.”
Safety National became a member of the Tokio Marine Group in May 2012 as a result of Tokio Marine’s acquisition of Delphi Financial Group, Safety National’s former parent company.
Source: BusinessWire