Author: chris

We are happy to announce our recent ratings increase, which is a testament to our hard work and commitment to our agents and policyholders.

A.M. Best published a full press release, which credited Stonetrust’s balance sheet strength, operating performance, limited business profile and appropriate enterprise risk management (ERM) as having impact on the ratings upgrade.

Upon receiving the news, Stonetrust President and CEO Michael G. Dileo shared a message of gratitude with agency partners and employees alike: “Although it has been quite a journey, we knew with your extraordinary commitment and loyalty that we would eventually achieve this goal. We appreciate your support and the trust that you have given us through the years. This is a benchmark milestone for our company and an accomplishment that we humbly share with all of you. Thank you for your commitment to our success. We believe the best is yet to come!”

In an effort to continue meeting the needs of our policyholders and agency partners, Stonetrust has unveiled a new user portal powered by Insurity. The new platform will streamline the user experience by providing easy, convenient access to key information for policyholders and agents alike. Policyholders will be able to access policy and claims documentation, as well as manage payments and account information. For agents, the portal provides visibility into policy applications, quotes and overall books of business, as well as access to reporting tools.

BusinessWire published a full press release that details the extent of the software implementation and the impact it will have on Stonetrust’s operations.

We are pleased to share our 2021 Annual Report, which details the many accomplishments Stonetrust was able to achieve throughout 2020. Despite the challenges presented by the pandemic, we were able to exceed our expectations for profitability and capitalization and surpassed the milestones that were established in 2019.

We know our success is only possible because of our great relationships with our agency partners and their teams. Thank you for your partnership with Stonetrust and your commitment to our success.

A.M. Best has affirmed Stonetrust’s Financial Strength Rating of a B++ (Good), reflecting favorable considerations in the group’s overall balance sheet strength.

The rating affirmation reflects Stonetrust’s balance sheet strength, which A.M. Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

The outlook revisions to positive reflect favorable considerations regarding Stonetrust’s overall balance sheet strength. A.M. Best expects Stonetrust to continue to report favorable loss reserving trends, maintain the strongest level of risk-adjusted capitalization, as measured by Best’s Credit Adequacy Ratio (BCAR), and continue to generate organic surplus growth through profitable underwriting and investment performance.

Click to view the full press release from A.M. Best.

Stonetrust’s owner, Francis Chou, aims to make Wintaai Holdings a massive conglomerate with his long and successful investing track record, most recently with Stonetrust.

The full feature article delves into the significant financial growth Stonetrust has achieved under Francis Chou’s leadership and expertise, as well as his strategic approach to investment.