AM Best Affirms Credit Ratings of Kinsale Insurance Company and Kinsale Capital Group, Inc.

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A-
(Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of
“a-” of Kinsale Insurance Company (Kinsale) (Little Rock, AR).
Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” of
Kinsale Capital Group, Inc. (Kinsale Capital) (headquartered in
Richmond, VA) [NASDAQ: KNSL]. The outlook of these Credit Ratings
(ratings) is positive.

The ratings reflect Kinsale’s balance sheet strength, which AM Best
categorizes as very strong, as well as its adequate operating
performance, neutral business profile and appropriate enterprise risk
management.

The positive outlooks reflect Kinsale’s strong trends in underwriting
and operating performance. The favorable results are attributed to
sustainable profitability as the company continues to mature, the depth
of the organization’s surplus lines business knowledge and expense
advantage gains from technological capabilities.

The affirmations capture Kinsale’s very strong risk-adjusted capital
levels, the management team’s long-term experience, a focus on
underwriting fundamentals and an enterprise risk management program
aligned to the risks that distinguish the surplus lines market.

These factors are partially offset by the current surplus lines market
environment that has most participants experiencing significant exposure
growth from an influx of new business. AM Best will continue to monitor
Kinsale’s pace of premium and exposure growth relative to the company’s
balance sheet size, operational results and market footprint.

This press release relates to Credit Ratings that have been published
on AM Best’s website. For all rating information relating to the release
and pertinent disclosures, including details of the office responsible
for issuing each of the individual ratings referenced in this release,
please see AM Best’s Recent
Rating Activity web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view Understanding
Best’s Credit Ratings. For information on the proper media
use of Best’s Credit Ratings and AM Best press releases, please view Guide
for Media – Proper Use of Best’s Credit Ratings and AM Best Rating
Action Press Releases.

AM Best is a global rating agency and information provider with a
unique focus on the insurance industry. Visit www.ambest.com
for more information.

Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.

Contacts

Robert Raber
Associate Director
+1 908 439
2200, ext. 5696
robert.raber@ambest.com

Christopher
Sharkey
Manager, Public Relations
+1 908 439
2200, ext. 5159
christopher.sharkey@ambest.com

Greg
Williams
Senior Director
+1 908 439 2200, ext.
5815
greg.williams@ambest.com

Jim
Peavy
Director, Public Relations
+1 908 439
2200, ext. 5644
james.peavy@ambest.com