COLUMBUS, Ohio, July 23, 2015 /PRNewswire/ -- Demotech, Inc. is pleased to acknowledge that John Scott, Jr., President and Chief Executive Officer of Westminster American Insurance Company (WAIC), has been nominated as one of Maryland's Most Admired CEOs. A ten-year veteran at Westminster American Insurance Company, Scott was elevated to the role of President and CEO in January of 2015.
According to Demotech's President, Joseph L. Petrelli, "Westminster American Insurance Company has earned a Financial Stability Rating® (FSR) of A″ (A Double Prime), Unsurpassed, Demotech's highest rating. Over the twenty-five years that Demotech has issued FSRs, only 15% of the carriers reviewed have been assigned an FSR at this level. Under John's leadership, Westminster American Insurance Company has grown, and done so honorably. He is a worthy nominee and we wish him well."
Suzanne Fischer-Huettner, publisher of The Daily Record, creator of the Most Admired CEOs award, noted that, "Becoming a successful CEO takes more than in-depth knowledge about running a company or organization. It requires an extraordinary level of drive and ambition as well as the emotional intelligence to create a successful team."
The 2015 Most Admired CEOs will be honored September 17th at a dinner at the BWI Hilton in Linthicum Heights. The winners will also be profiled in a special magazine that will be inserted into the September 18th issue of The Daily Record.
About Westminster American Insurance Company
Westminster American Insurance Company was formed in 1870 as the Mutual Fire Insurance Company of Carroll County. In 2005, the company was demutualized and renamed Westminster American Insurance Company. WAIC focuses on writing commercial habitational, office and retail property risks throughout the Mid-Atlantic region. WAIC has grown its direct premium written for each of the last eight years while maintaining an underwriting profit in each of those years. Visit www.westminsteramerican.com for more information.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech's philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Visit www.demotech.com for more information.
SOURCE Demotech, Inc.