  News & InfoA.M. Best reaffirms Delos Insurance Group's RatingNEW YORK, Oct 06, 2008 (BUSINESS WIRE) -- Delos Insurance Company (Delos), a leader in program business, today announced that A.M. Best Company, the credit rating organization, has reaffirmed Lightyear Delos Group and its member companies' Financial Strength Rating of A- (Excellent) with a stable outlook, expressing the company's confidence in Delos' solid risk-adjusted capital position, adequate operating performance and excellent liquidity. Lightyear Delos Group consists of Delos and its wholly-owned excess and surplus lines subsidiary, Naxos Insurance Company (Naxos). The rating recognizes the successful track-record of the Delos' executive team in managing profitable insurance company operations. The rating outlook is based on the expectation of near-term operating profitability driven by adherence to strict underwriting fundamentals, and prudent capital management in accordance with levels previously discussed with A.M. Best. Bill Davis, Chief Executive Officer at Delos, said: "We are delighted that A.M. Best has reaffirmed our ratings, recognized the key benefits of our business model and our operating performance within the program business space." Delos, which is licensed to write direct insurance and reinsurance in 51 jurisdictions, and Naxos, which is currently authorized to write excess and surplus lines insurance in 28 jurisdictions, will continue to be focused on programs that cover homogeneous risks controlled and serviced by professional program managers. Targeted classes of business include intermediate-tail specialty commercial lines, commercial auto, workers' compensation, medical stop loss and other specialty lines. About Delos Insurance Company / Lightyear Delos Group Lightyear Delos Group, and its member companies Delos Insurance Company and Naxos Insurance Company, has a financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of "a-" with a stable outlook. Delos Insurance leverages its underwriting expertise, world-class actuarial capabilities, as well as its long-term, stable relationships with high-quality managing general agents to write and service programs of varying scopes and sizes. Targeted classes include intermediate tail specialty commercial lines, commercial auto, professional liability, accident and health and personal lines. SOURCE: Delos Insurance Company Stanton Crenshaw Communications   |
