Kingsway Financial Services Inc. is reporting A.M. Best has reaffirmed the “A” Excellent rating of the company and its Canadian group members, Kingsway General Insurance Company, York Fire & Casualty Insurance Company, Jevco Insurance Company and Kingsway Reinsurance (Bermuda) Ltd., in recognition of their financial stability and strength.

A.M. Best stated that “the Canadian group rating reflects Kingsway’s leading market position as the largest provider of non-standard auto and motorcycle insurance in Canada, its strong management team and the effective use of reinsurance among the group members. The Canadian operations of Kingsway have historically recorded favourable underwriting and operating profits while maintaining excellent liquidity.”

A.M. Best has upgraded the financial strength rating for Universal Casualty to A- (Excellent), reflecting its favourable underwriting and operating results, sound capitalization and conservative underwriting leverage.

American Service Insurance Company was upgraded to B++ (Very Good) reflecting its strengthened balance sheet, improved operating results and loss control management.

Southern United Fire Insurance Company was upgraded to B+ (Very Good) reflecting its sound risk diversification strategy across several states, recent actions taken to improve underwriting results and the financial support provided by its ultimate parent.

A.M. Best also affirmed the A- (Excellent) rating of Lincoln General Insurance Company and the B (Fair) rating of U.S. Security Insurance Company

“We are extremely pleased to continue to be recognized for profitability and underwriting excellence by the world’s leading insurance rating authority,” said Bill Star, president & CEO of Kingsway Financial. “We are particularly pleased to obtain the upgraded ratings for both of our Chicago based companies and our Alabama company, reflecting their strong market position.”