Wawanesa was awarded an A+ (Superior) Rating for its financial strength from A.M. Best Co, the world's oldest and most authoritative insurance rating and information source.
The Wawanesa Mutual Insurance Company Company Profile
Coal-oil lamp and wooden threshing machine accidents may not be as common as they were when Wawanesa Mutual Insurance was founded on the Canadian plains in 1896, but the property and casualty insurer still has plenty to keep it busy. The company, the largest mutual insurer in Canada, offers commercial and personal lines, including business, farm, homeowner, and automobile policies. It also owns a demutualized life insurer. Wawanesa operates throughout Canada as well as in California and Oregon. The company sells its products through some 1,300 independent agents (except in Quebec where company agents handle the distribution). Wawanesa is owned by its policyholders.
Wawanesa Mutual Insurance Co. (U.S. branch)
9050 Friars Road Ste 200
San Diego CA 92108-5865
(858)-874-5440
NAIC: 31526
Financial Strength Rating: NR
Parent: Wawanesa Group
$2.1b assests for the US Auto company
mong the 2,212 property and casualty insurers reviewed by Weiss, four companies were upgraded, while 19 were downgraded. Notable upgrades include:-- Bond Safeguard Ins. Co. (Lombard, Ill.) from D+ to C- -- Imperial Fire & Casualty Ins. Co. (Opelousas, La.) from D+ to C- Notable downgrades include: -- Norcal Mutual Ins. Co. (San Francisco, Calif.) from B+ to B -- Wawanesa Mutual Ins. Co. US (San Diego, Calif.) from B+ to B.
The Weiss Safety Ratings are based on an analysis of a company's risk-adjusted capital, reserve adequacy, profitability, liquidity, and stability. The latter category combines a series of factors including asset growth, premium growth, strength of affiliate companies, and risk diversification.
S&P's Api rating (about the top):
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