Is Westport Insurance Corporation A Good Company?
UPDATED: Apr 22, 2013
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Asked April 22, 2013
Westport Insurance Corporation was founded in 1979 and is a wholly owned subsidiary of Swiss Re Ltd., a multinational insurance company. Westport Insurance Corporation underwrites policies for Swiss Re as well as writing policies directly. In 2008, Westport Insurance Corporation merged with Employers Reinsurance Corporation, assuming responsibility for all policies written by Employers Reinsurance Corp.
Westport Insurance Corporation, like most wholly owned subsidiaries, is not independently rated, but inherits the rating of the parent company, Swiss Re Ltd. Under that company, they are rated A+ (Superior) by the A.M. Best financial ratings company, and has a long term outlook of aa-. This rating is considered stable and was last affirmed in January of 2013. Independently, Westport Insurance Corporation is thought to have assets of over 8 billion dollars
Westport Insurance Corporation is a leading provider of insurance products, and holds that position by making customer service a priority. The company is represented by independent agents and brokers, which usually results in a higher level of customer service based on the concept that independent agents rely exclusively on the return business of their customers.
Westport Insurance Corporation products are available throughout the United States. Because the company is owned by a multinational insurance leader, they may also underwrite policies for the parent company as well as for the subsidiaries of Westport Insurance Corporation itself.
Insurance Products Offered
Westport Insurance Corporation provides a complete range casualty and liability insurance. Products include policies for cars, trucks, motorcycles, boats, and airplanes. Westport Insurance Corporation also provides insurance policies for homeowners and businesses. Westport Insurance Corporation is also an underwriter of health insurance products.
Answered April 22, 2013 by Anonymous