|[December 20, 2012]
A.M. Best Affirms Ratings of Noble Assurance Company
OLDWICK, N.J. --(Business Wire)--
A.M. Best Co. has affirmed the financial strength rating of A+
(Superior) and issuer credit rating of "aa-" to Noble Assurance
Company (Noble) (Burlington, VT). The outlook assigned to both
ratings is stable.
Noble has exhibited strong capital adequacy, stable earnings and
consistent surplus growth. The company benefits from intensive risk
management processes as a captive insurance company for Royal Dutch
Shell plc and its subsidiaries. 100% of the risk taken by Noble is ceded
to Solen Versicherungen AG (Solen), a subsidiary of Shell
Petroleum N.V. and ultimately Royal Dutch Shell plc. Solen is well
capitalized and has demonstrated consistently strong metrics over the
past few years. Noble's ultimate parent is Royal Dutch Shell plc.
A.M. Best remains the leading rating agency of alternative risk transfer
entities, with more than 200 such vehicles rated in the United States
and throughout the world.
For current Best's Credit ratings and independen data on the captive
and alternative insurance market, please visit www.ambest.com/captive.
The principal methodology used in determining these ratings is Best's
Credit Rating Methodology -- Global Life and Non-Life Insurance Edition,
which provides a comprehensive explanation of A.M. Best's rating process
and highlights the different rating criteria employed. Additional key
criteria utilized include: "A.M. Best's Rating Methodology for Captive
Insurance Companies"; "Risk Management and the Rating Process for
Insurance Companies"; and "Understanding Universal BCAR." Methodologies
can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more
information, visit www.ambest.com.
Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
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