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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

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AM Best Assigns Preliminary Credit Assessment to New England Indemnity Company

AM Best has assigned a Preliminary Credit Assessment (PCA) to New England Indemnity Company (NEIC) (Bedford, NH) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca (Excellent). The outlook assigned to the PCAs is stable.

The PCAs reflect NEIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

The balance sheet strength assessment is driven by AM Best’s expectation that NEIC will maintain the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), over the five-year startup period. Additionally, the assessment is contingent upon management executing its proposed plans, as well as maintaining an appropriate capital buffer to support future growth plans. The balance sheet strength assessment further reflects NEIC’s conservative investment portfolio; the company plans to grow conservatively by maintaining underwriting leverage ratios below or in line with its composite averages.

The operating performance assessment is based on NEIC’s operating results that are expected to benefit from the expertise of the management team, which has longstanding partnerships in the insurance industry. NEIC’s projections reflect the startup nature of the company with outsized expenses at the onset. The company is expecting to report modest income in the near term, which is contingent upon the successful execution of its business plan. The company’s business plan reflects a consistent stream of net investment income, which will be derived from the fixed-income portfolio.

The business profile assessment is based on NEIC’s narrow geographic and product concentrations, along with execution risk. The company plans to write personal and small commercial insurance products in New Hampshire. The company intends to distribute business exclusively through the independent agency channel with already established agency partners. In addition, third-party tools will be utilized to guard against rate evasion, adverse selection and fraud. The company is also licensed in New Hampshire for accident & health (A&H) products; however, it has no current plans to write any A&H business.

The ERM assessment is based on a formalized ERM policy that has been established and approved by the NEIC’s board of directors. The company’s board is made up of experienced insurance and finance professionals, and it mandates accountability throughout the organization and addresses various risk management topics in each quarterly meeting. The ERM program is expected to continue to develop as the company expands the established structure. In addition, the company utilizes a combination of per-risk excess of loss and catastrophe coverage, as well as facultative coverage when necessary.

NEIC was licensed as a New Hampshire property/casualty insurance company on Feb. 14, 2024. The company is a wholly owned subsidiary of NEIC Holding Company, Inc. (NEIC Holdings), alongside its affiliated service company, NEIC Services Company, Inc. (NEIC Services). The company maintains modest financial flexibility through NEIC Holdings to provide additional capital if warranted to support growth plans.

This press release relates to Preliminary Credit Assessments that have been published on AM Best’s website. For all assessment information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual assessments referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating and Assessment opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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