HONOLULU – 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 no other company in Hawaii has achieved for a record 15 consecutive years.
Fewer than two percent of the nation’s P&C insurers are recognized by the Ward Group each one year.
“We are proud to be the first in Hawaii to achieve the distinction as a Top 50 P&C insurer in the nation,” said Beverly Ament, President of Island Insurance. “To be recognized for 15 consecutive years is a reflection of our outstanding financial strength and the long-standing commitment of our employees and agency partners to excellence, as well as the loyalty of our 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 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 2017 to 2021 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 15 consecutive years. Island Insurance holds a financial strength rating of “A” (Excellent) from A.M. Best Company. For more information, visit islandinsurstg.wpengine.com.
In addition, the Island Insurance Foundation, the charitable arm of Island Insurance, is also recognized as one of the top 25 most active private foundations in Hawaii.