HONOLULU – Standard & Poor’s Ratings Services (S&P) today raised its long-term counterparty credit and financial strength ratings for First Insurance Company of Hawaii (FICOH) to A+ from A-. FICOH is now the only Hawaii-based carrier with an S&P rating of A+.
FICOH, which has been operating in Hawaii since 1911, also holds an A+ rating from A.M. Best Co. and has been on the Ward’s 50 group of top-performing property and casualty (P&C) insurance companies in the United States for six consecutive years.
“We are proud FICOH is seen as strategically important to our parent company Tokio Marine,” said Jeff Shonka, FICOH CEO and president. “Our A+ rating is an indication of our financial security and ability to serve the entire spectrum of accounts in the Hawaii market, from small to very large.”