Weiss Ratings to Deliver Independent Ratings to
Advisen Ltd. Insurance Industry Clients
NEW YORK, N.Y. and JUPITER, Fla., May 5, 2005 — Advisen Ltd. and Weiss Ratings, Inc. have signed an agreement to offer Weiss Ratings' independent ratings and analyses to the insurance industry through Advisen's information and analytics platform at www.advisen.com. Currently, commercial insurance professionals at more than 350 businesses use the Advisen system to gather and analyze vital insurance industry intelligence.
Weiss Ratings helps commercial insurance professionals analyze enterprise risk of insureds during the underwriting process while also helping buyers of commercial insurance to analyze the financial health of insurance carriers.
Advisen clients will now have access to Weiss Ratings' independent financial risk and investment ratings on more than 15,000 insurance companies and financial institutions, 6,000 stocks, and 12,000 mutual funds. Weiss' highly regarded, objective, financial risk ratings are based on an analysis of a company's risk-adjusted capital, five-year historical profitability, quality of investments, liquidity, and stability. Its investment ratings are based on fundamental, technical and valuation factors driving a stock's performance and risk, providing a dynamic assessment of a stock's historical risk-adjusted performance and value relative to its earning prospects.
"As a leading provider of market intelligence to the insurance industry, Advisen is the ideal platform for Weiss Ratings to distribute its independent ratings and research," commented Bruce R. Fador, president and chief executive officer of Weiss Ratings, Inc. "Insurance professionals will now have access to Weiss' unbiased ratings and analyses to help them better assess and evaluate risk in order to make better business decisions."
"Weiss Ratings' proven track record as an expert in the insurance ratings industry provides Advisen with the opportunity to expand its content and deliver the most comprehensive market data available to the commercial insurance industry," commented Thomas P. Ruggieri, CEO of Advisen.
In addition to the ratings, Advisen clients will be able to view an executive summary of Weiss' independent research reports. Those interested in a comprehensive report should contact Weiss directly through www.WeissRatings.com.
Advisen Ltd. provides insight into underwriting, marketing and purchasing commercial insurance. Advisen's web-based workstation incorporates real-time analytics and research on over 1.5 million companies, and 70 industries. Advisen currently serves nearly 350 leading commercial insurers, insurance brokers, risk management departments of major corporations, and other related organizations. Proprietary offerings of the Advisen service include Program Management and Benchmarking, Custom Templates for Company Work-ups, Company and Industry Research, Loss Analysis, Management Portfolio Analysis and Policy Comparisons. For more, visit www.advisen.com or call +1.212.897.4800.
About Weiss Ratings
Weiss Ratings, Inc., headquartered in Jupiter, Fla. with offices in New York and Boston, is the nation's leading independent provider of ratings and analyses of financial institutions, mutual funds, and stocks. Weiss issues investment ratings on more than 6,000 stocks and 12,000 mutual funds, covering both equity and fixed-income funds, while providing financial risk ratings on more than 15,000 banks and insurance companies. Weiss Ratings is the only major rating agency that receives no direct or indirect compensation from the companies it rates for issuing its ratings. Revenues are derived strictly from sales of its products and custom research solutions to consumers, institutions, businesses, libraries, and governmental agencies.
# # #
15430 Endeavour Drive, Jupiter, FL 33478 · (561) 627-3300 · www.weissratings.com