Demotech Affirms the Financial Stability Rating® Assigned to OneNexus Oklahoma Captive Corporation
Columbus, Ohio, April 20, 2022: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to OneNexus Oklahoma Captive Corporation has been affirmed by Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.
About OneNexus Oklahoma Captive Corporation
OneNexus Oklahoma Captive Corporation is the wholly-owned, segregated captive insurance company of OneNexus Environmental (OneNexus). OneNexus is an Environmental, Social and Governance (ESG) solutions provider focused on helping energy companies manage the risks associated with Asset Retirement Obligations (AROs) and responsible decommissioning of assets. As a Public Benefit LLC, the company’s purpose is to address the mounting number of inactive and orphaned wells which contribute to greenhouse gas emissions and financial liabilities of the energy industry. OneNexus employs data science, operational know-how and innovative solutions for the mitigation and compliance of the obligations related to responsible decommissioning of oil and gas assets. OneNexus is comprised of experienced energy industry and finance professionals, backed by a network of premiere subject matter experts, including expertise in data science, petroleum engineering, operations and facilities management. Visit www.onenexus.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. Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 400 insurers operating in the US. Visit www.demotech.com for additional information.
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