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A.M. Best Assigns Ratings to Kinsale Insurance Company

The ratings of Kinsale largely reflect its solid initial capitalization and the strong track record of its management team. The ratings also reflect A.M. Best's expectation concerning the company's ability to successfully execute its business plan targeting specific niches of specialty classes of surplus lines business. Upon A.M. Best's review, Kinsale's business plan appeared reasonable, considering prevailing market conditions.

These positive rating factors are offset by the considerable challenges and execution risk associated with a start-up company, especially those commencing operations in the very competitive market for surplus lines business, which will be Kinsale's focus.

Kinsale was formed via the purchase of American Healthcare Specialty Insurance Company (AHSIC) from its ultimate parent, The Doctors Company, An Interinsurance Exchange, in a deal finalized on February 5, 2010. AHSIC was then renamed Kinsale Insurance Company effective February 11, 2010.

Kinsale is led by Michael P. Kehoe, chief executive officer and chief underwriting officer, who brings extensive insurance experience and a demonstrated track record of producing strong underwriting results. A.M. Best expects that Mr. Kehoe and the Kinsale management team will establish strong risk selection, underwriting, pricing and claim management controls to ensure adherence to the company's developed operating plan for serving the market for hard-to-place, largely casualty-oriented, smaller surplus lines risks. Kinsale's growth over its first few years in business is expected to be maintained at a level that its capital base can adequately support.

For Best's Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

A.M. Best Co.
Analysts
David S. Blades, CPCU, 908-439-2200, ext. 5422
david.blades@ambest.com
or
Joseph M. Roethel, 908-439-2200, ext. 5630
joseph.roethel@ambest.com
or
Public Relations
Rachelle Morrow, 908-439-2200, ext. 5378
rachelle.morrow@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
james.peavy@ambest.com