Island Insurance Named U.S. Top 50 Property & Casualty Insurer for a Record 14 Consecutive Years
Island Insurance Company, Ltd., was recognized today by the Ward Group as one of the Top 50 property and casualty (P&C) insurers in the nation – an honor it has now garnered for 14 consecutive years. Island Insurance is the first Hawaii-based insurer to achieve this recognition and the only one in the state to have accomplished it for so many years in a row. Fewer than two percent of the nation’s P&C insurers are recognized by Ward each year.
“Achieving this distinction for 14 consecutive years is a reflection of our excellent financial strength and the long-standing commitment of our outstanding employees and agency partners, as well as the loyalty of our policyholders,” said Beverly Ament, President of Island Insurance.
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 P&C insurance companies domiciled in the United States and identifies the top performers. All Ward’s Top 50 honorees have achieved superior financial performance over the five-year analyzed period from 2016 to 2020 and passed multiple tests for safety and consistency.
Island Insurance Company, Ltd. is Hawaii’s only locally-owned P&C insurance carrier, offering a full range of property and casualty protection solutions. Founded in downtown Honolulu, Island Insurance has been serving Hawaii’s families and businesses for over 80 years and is the only Hawaii-based company to be recognized as one of the Top 50 P&C insurers in the nation by the Ward Group for 14 consecutive years. Island Insurance holds a financial strength rating of “A” (Excellent) from A.M. Best Company. For more information, visit www.islandinsurance.com.