Northbridge Financial Corporation earns A+ (Superior) rating from AM Best

Toronto, December 18, 2025 — AM Best has upgraded the Financial Strength Rating (FSR) of Northbridge Financial Corporation (NBFC), along with its member companies, from A (Excellent) to A+ (Superior) and its Long-Term Issuer Credit Ratings (ICRs) from “a+” (Excellent) to “aa-” (Superior). 

The upgraded ratings for NBFC and its member companies, which include Northbridge General Insurance Corporation, Federated Insurance Company of Canada, Zenith Insurance Company and Verassure Insurance Company, reflect the group’s consistent underwriting performance, disciplined risk management, and strong balance sheet. According to AM Best, the group’s combined ratios and returns on equity have remained consistently above industry averages, supported by firm pricing conditions and selective growth strategies. 

This upgrade underscores NBFC’s position as one of Canada’s leading commercial insurance groups, supported by the financial strength and stability of its parent company, Fairfax Financial Holdings Limited. For information, check out this article.    

About Northbridge Financial Corporation 

Northbridge Financial Corporation is a leading commercial property and casualty insurance group that has helped protect Canadian businesses for more than 100 years. We offer a wide range of innovative solutions to Canadian businesses through our Northbridge Insurance and Federated Insurance brands. We are proud to be a 100% Canadian company, wholly-owned by Fairfax Financial Holdings. Visit us at www.nbfc.com to learn more.

For further information, please contact:

Ellen Brait
Manager, Corporate Communications
Northbridge Financial Corporation
[email protected]