{"id":622,"date":"2021-06-04T08:16:55","date_gmt":"2021-06-04T12:16:55","guid":{"rendered":"https:\/\/celinagroup.com\/staging\/?p=622"},"modified":"2022-02-21T16:13:52","modified_gmt":"2022-02-21T21:13:52","slug":"a-m-best-revises-outlooks-for-members-of-celina-insurance-group","status":"publish","type":"post","link":"https:\/\/celinagroup.com\/staging\/a-m-best-revises-outlooks-for-members-of-celina-insurance-group\/","title":{"rendered":"A.M. Best Revises Outlooks for Members of Celina Insurance Group"},"content":{"rendered":"

Celina, OH \u2013 MAY 27, 2021<\/b> \u2013 <\/span>AM Best <\/b>has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of \u201ca-\u201d (Excellent) of The Celina Mutual Insurance Company, Miami Mutual Insurance Company, The National Mutual Insurance Company, and its affiliate, West Virginia Farmers Mutual Insurance Association (Clarksburg, WV), which are members of the Celina Insurance Group (Celina). All companies are <\/span>domiciled <\/span>in Celina, OH unless otherwise specified.\u00a0<\/span><\/p>\n

The Credit Ratings (ratings) reflect Celina\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 (ERM).<\/span><\/p>\n

The outlook revisions to positive reflect the group\u2019s recent strategic initiatives that have enhanced its business profile. These efforts focus on product and geographic diversification, pricing sophistication and data analytics to better manage risk exposure and contribute to profitable growth. Celina recognizes the importance of innovation, as the group leverages technology to improve operating results and the customer experience. Over the past several years, Celina has enhanced its product and geographic diversification with growth focused on commercial and farm business.<\/span><\/p>\n

AM Best expects the group\u2019s balance sheet strength to remain very strong, supported by the strongest level of risk-adjusted capitalization, as measured by Best\u2019s Capital Adequacy Ratio (BCAR). Celina\u2019s adequate operating performance has benefited from management\u2019s strategic initiatives to reduce property exposure, despite moderate volatility associated with weather-related events. The group maintains an appropriate ERM program that establishes qualitative and quantitative tolerance standards for key risks.<\/span><\/p>\n

This 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.\u00a0<\/b><\/p>\n

A.M Best is the world\u2019s oldest and most authoritative insurance rating and information source.<\/b><\/p>\n

 <\/p>\n

Celina Insurance Group Contact:<\/b><\/p>\n

Amy Nelson<\/span><\/p>\n

Senior Communications Writer\/Editor<\/span><\/p>\n

Ph: 419-586-8388<\/a> \/ <\/span>amy.nelson@celinainsurance.com<\/span><\/a>\u00a0<\/span><\/p>\n

 <\/p>\n

A.M. Best Contacts:<\/b><\/p>\n

Maurice Thomas
\nSenior Financial Analyst
\n+1 908 439 2200<\/a>, ext. 5794
\nmaurice.thomas@ambest.com<\/a>
\n<\/span><\/p>\n

Christopher Sharkey<\/span>
\nManager, Public Relations
\n+1 908 439 2200<\/a>, ext. 5159
\nchristopher.sharkey@ambest.com<\/a> <\/span><\/p>\n

Michelle Baurkot
\nDirector
\n+1 908 439 2200<\/a>, ext. 5314
\nmichelle.baurkot@ambest.com<\/a>
\n<\/span><\/p>\n

Jim Peavy
\nDirector, Communications
\n+1 908 439 2200<\/a>, ext. 5644
\njames.peavy@ambest.com<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Celina, OH \u2013 MAY 27, 2021 \u2013 AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of \u201ca-\u201d (Excellent) of The Celina Mutual Insurance Company, Miami Mutual Insurance Company, The National Mutual Insurance Company, and its affiliate, West Virginia […]<\/p>\n","protected":false},"author":3,"featured_media":734,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-announcements"],"_links":{"self":[{"href":"https:\/\/celinagroup.com\/staging\/wp-json\/wp\/v2\/posts\/622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celinagroup.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celinagroup.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celinagroup.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/celinagroup.com\/staging\/wp-json\/wp\/v2\/comments?post=622"}],"version-history":[{"count":0,"href":"https:\/\/celinagroup.com\/staging\/wp-json\/wp\/v2\/posts\/622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celinagroup.com\/staging\/wp-json\/wp\/v2\/media\/734"}],"wp:attachment":[{"href":"https:\/\/celinagroup.com\/staging\/wp-json\/wp\/v2\/media?parent=622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celinagroup.com\/staging\/wp-json\/wp\/v2\/categories?post=622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celinagroup.com\/staging\/wp-json\/wp\/v2\/tags?post=622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}