A.M. Best Affirms Ratings of RTW, Inc. and RTW Group
May 14 2007 - 4:10PM
Business Wire
A.M. Best Co. has affirmed the financial strength ratings (FSR) of
B++ (Good) and the issuer credit ratings of �bbb+� of RTW Group and
its members, which consist of American Compensation Insurance
Company (ACIC) and Bloomington Compensation Insurance Company
(BCIC), a reinsured wholly owned subsidiary of ACIC. ACIC and BCIC
operate as subsidiaries of RTW, Inc. [NASDAQ:RTWI]. A.M. Best has
also affirmed the ICR of �bb+� of RTW, Inc. The outlook for all
ratings is positive. All companies are domiciled in Bloomington,
MN. The ratings reflect RTW Group�s strong capitalization, focus on
integrated absence management and solid underwriting performance.
Since December 2001, the group closed unprofitable regions, reduced
premiums in force, improved pricing and refocused on its specific
underwriting niche and intense claims and case management. The
outlook reflects the group�s strong operating performance through
focused underwriting and claims management initiatives, which have
contributed to organic growth in surplus totaling $27.0 million
during the group�s recent five year period. Offsetting these
positive rating factors are the slight deterioration in
underwriting performance in 2006 resulting in an underwriting loss
and the declining level of reserve redundancies. For Best�s
Ratings, an overview of the rating process and rating
methodologies, please visit www.ambest.com/ratings. Founded in
1899, A.M. Best Company is a full-service credit rating
organization dedicated to serving the financial services
industries, including the banking and insurance sectors. For more
information, visit www.ambest.com.
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