UmialikXpress
Agency Bulletin
July 9, 2020
A.M. Best Affirms Rating of “A+ (Superior)” for Umialik, Members of the Western National Insurance Group
Umialik Insurance Company and the Western National Insurance Group today announced that A.M. Best Company has affirmed the Group’s “A+ (Superior)” financial strength rating and upgraded affiliate Michigan Millers Mutual Insurance Company’s Financial Strength Rating (FSR) from “A-“ (Excellent) to “A” (Excellent), effective immediately.
According to A.M. Best, the affirmation in rating reflects the Group’s strong operating performance, risk-adjusted capitalization, and balance sheet. The outlook for Western National Insurance Group and Michigan Millers ratings are “stable.”
“We are pleased to have our Group’s long-term performance and stability as well as our affiliate’s consistent performance recognized by A.M. Best,” said Rick Long, President of Western National Insurance Group. “Both of these rating results point to the hard work of our employees and agency partners, as well as to the successful execution of our business plan. We look forward to building on these positive results throughout 2020 and in the years to come for the continued financial protection of our policyholders.”
Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the insurance industry. The company is the world’s oldest and most authoritative insurance rating and information source.
Umialik Insurance Company, headquartered in Anchorage, Alaska, has served the property-and-casualty insurance needs of Alaskans since 1981. Umialik is a member of Western National Insurance, a super-regional group of property-and-casualty insurance companies providing personal and commercial coverage in 22 states across the Midwestern and Western U.S. as well as in Alaska; and surety bonds in 41 states. The Group writes over $800 million in personal and commercial Direct Premium through eight active insurance companies—Western National Mutual Insurance Company, Western National Assurance Company, Pioneer Specialty Insurance Company, Western Home Insurance Company, Arizona Auto Insurance Company, Umialik Insurance Company, American Freedom Insurance Company, and Nevada General Insurance Company—and through one affiliate, Michigan Millers Mutual Insurance Company. All of the Group’s products are sold exclusively through professional Independent Insurance Agents.
For further information, please contact:
Steve Norman, CPCU, M.A., AIT
Vice President – Communications & Customer Experience
(952) 921-5680 or (800) 862-6070 Ext. 7680
steven.norman@wnins.com
