Article ID: ffe24204b40b03014cc476a199804a7f527872b39c3b62a3d10a57d6a322b136
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URL: https://www.businessinsurance.com/best-downgrades-captive-insurer-naswic/
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Best downgrades captive insurer NASWIC - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Best downgrades captive insurer NASWIC by Claire Wilkinson Alternative Risk Transfer/Captives May 14, 2026 A.M. Best said Wednesday it had downgraded the financial strength rating of NASW Insurance Company, a Washington D.C.-domiciled captive insurer, to B++ from A-. NASWIC’s credit ratings remain under review with negative implications, the Oldwick, New Jersey-based rating agency said. NASWIC, established in 2007, is a for-profit subsidiary of NASW Assurance Services, which is wholly owned by the National Association of Social Workers. The captive provides reinsurance for NASW’s professional liability insurance program. The downgrade of NASWIC’s operating performance assessment to adequate from strong reflects deteriorating underwriting results beginning in 2025 and future uncertainty regarding overall performance as a standalone entity, Best said. “As a result, metrics are better aligned with peers as adequate,” Best said. “NASWIC’s ratings will remain under review with negative implications reflective of additional time needed for management to fully execute the prospective business plans, as well as time needed for regulatory approval and establishment of a risk retention group,” Best said. NASWIC’s balance sheet strength remains very strong and its enterprise risk management is appropriate, Best said. Related News Indiana court wipes out $10M pollution cleanup verdict against excess insurer May 14, 2026 NFP promotes Kenny Slattery to head of carrier management, broking May 14, 2026 Most D&O insurance rates flat or lower: Report May 14, 2026 MCG Health urges transparency in AI adoption May 14, 2026 Cybersecurity firm, Acrisure team up on E&O insurance program May 14, 2026 Slow organic growth, soft market hit public brokers: Consultant May 14, 2026 Flight attendant accidentally lands film role May 14, 2026 Lawmakers pass firefighter presumption, electronic service bills May 14, 2026 Munich Re sets aside $106M for Middle East losses May 14, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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