|By Marketwired .||
|September 4, 2013 03:18 AM EDT||
MENLO PARK, CA -- (Marketwired) -- 09/04/13 -- Pacific Specialty Insurance Company was recently named to the 2013 Ward's 50 list of top-performing insurance companies for the third year in a row. Ward Group analyzed the financial performance of more than 3,000 U.S. property-casualty insurance companies and identified the top performers.
Based in Menlo Park, Calif., Pacific Specialty serves individuals and small-business owners with specialty and general policies, including home, motorcycle, recreational vehicle and business insurance.
"Our people have worked hard to make our financial strength and performance topnotch, and it's gratifying Ward's has again recognized that," said Brian S. Cohen, Pacific Specialty's president and CEO. "Credit also goes to our more than 5,000 independent broker partners who sell our products nationwide."
Ward Group is the leading provider of operational and compensation benchmarking and best-practices services for insurance companies. To be considered for the Ward's 50 designation, each company must first pass stringent safety and consistency tests. Companies that pass are then measured and scored based on five-year statistics on average return on average equity, average return on average assets, average return on total revenue, growth in revenue, improvement in surplus to written premium, and average combined ratio.
The 2013 award recognizes performance from 2008 through 2012.
Pacific Specialty offers a wide range of products through independent insurance brokers, who give customers personal counseling and a choice of competitive carriers. Admitted in all states, it is rated A (Excellent) for financial strength by A.M. Best Co. More information is available at www.pacificspecialty.com.