Island Insurance named Top 50 Property & Casualty Insurer in the Nation for 10th Consecutive Year
Island Insurance Company, Ltd., the state’s largest locally-owned property and casualty insurance (P&C) carrier, has been recognized as one of the Top 50 P&C insurers in the nation by the Ward Group for the 10th consecutive year. The Ward Top 50 recognition places Island Insurance within the top 2% of the nation’s P&C insurers. Island Insurance is the first Hawaii-based insurer to achieve this Top 50 recognition and the only to be recognized for 10 consecutive years.
“We are very proud to once again be recognized as one of the top performing property and casualty insurance carriers in the country,” said John Schapperle, President and Chief Executive Officer of Island Insurance. “Achieving this distinction for ten consecutive years is a reflection of our excellent financial strength and the long-standing commitment by our outstanding employees, agency partners and loyal policyholders.”
Ward Group is the leading provider of industry benchmarking and best practices services for the insurance industry. Each year, the company analyzes the financial performance of nearly 3,000 property and casualty insurance companies domiciled in the United States and identifies its top performers. All Ward Top 50 honorees have achieved superior financial performance over the five years analyzed (2012 - 2016), in addition to passing multiple tests for safety and consistency.
Island Insurance Company, Ltd. is Hawaii’s largest locally-owned insurance carrier, offering a full range of property and casualty protection. Founded in downtown Honolulu, Island Insurance has been serving Hawaii’s families and businesses for over 75 years and is the only Hawaii-based company to be recognized as one of the Top 50 property & casualty insurer in the nation by the Ward Group for 10 consecutive years. Island Insurance holds a financial strength rating of “A” (Excellent) from A.M. Best Company. For more information, visit www.islandinsurance.com.
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