{"id":5488,"date":"2026-05-13T23:43:00","date_gmt":"2026-05-13T21:43:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=024d0581d0cd2827a5aa7cb2f00ac9ec"},"modified":"2026-05-13T23:43:00","modified_gmt":"2026-05-13T21:43:00","slug":"am-best-downgrades-credit-ratings-of-nasw-insurance-company-maintains-under-review-with-negative-implications-status","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=5488","title":{"rendered":"AM Best Downgrades Credit Ratings of NASW Insurance Company; Maintains Under Review With Negative Implications Status"},"content":{"rendered":"

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to \u201cbbb+\u201d (Good) from \u201ca-\u201d (Excellent) of NASW Insurance Company (NASWIC) (Washington, D.C.). Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings).<\/p><\/a><\/a>

\nThe ratings reflect NASWIC\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.<\/p>

\nThe downgrade of the operating performance assessment to adequate from strong reflects the deterioration in underwriting results starting in 2025 and future uncertainty regarding overall performance as a standalone entity. As a result, metrics are better aligned with peers assessed as adequate.<\/p>

\nNASWIC\u2019s ratings will remain under review with negative implications reflective of additional time needed for management to fully execute the prospective business plans, as well as time needed for regulatory approval and establishment of a risk retention group.<\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating <\/b>opinions, please view <\/b>Guide to Best's Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nJanet Hernandez<\/b>Associate Director<\/b>+1 908 882 1890<\/b>janet.hernandez@ambest.com<\/a><\/p>

\nRichard Attanasio<\/b>Director<\/b>+1 908 882 1678<\/b>richard.attanasio@ambest.com<\/a><\/p>

\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a><\/p>

\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

OLDWICK, N.J.–(BUSINESS WIRE)–#insurance–AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to \u201cbbb+\u201d (Good) from \u201ca-\u201d (Excellent) of NASW Insurance Company (NASWIC) (Washing…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5488","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5488"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5488\/revisions"}],"predecessor-version":[{"id":5489,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5488\/revisions\/5489"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}