Irvington, Va., and Frederick, Md. — May 6, 2026 — Northern Neck Insurance Company and Frederick Mutual Insurance Company today announced that AM Best has affirmed an A- (Excellent) Financial Strength Rating for both companies following its review of the companies’ 2025 affiliation.
The rating extends Northern Neck’s A- rating to both companies, which now comprise The Northern Neck Group. AM Best assesses the group’s balance sheet strength as “very strong”, supported by risk-adjusted capitalization at the strongest level, disciplined underwriting, and sound risk management. AM Best assigned a stable outlook for the group following a review of consolidated operating performance and business plans.
“AM Best’s affirmation underscores the strength and stability of our combined companies,” said Peter Cammarata, President and CEO. “Northern Neck’s strong financial position enabled this affiliation, and by extending our disciplined financial and operational management across the organization, we are well positioned to grow as a trusted regional mutual focused on our members and independent agent partners.”
“A Stable outlook reflects confidence in our strength and our path forward,” added Nancy Newmister, Strategic Advisor and Former CEO of Frederick Mutual. “We remain focused on disciplined underwriting, expense control, and consistent performance as we continue serving policyholders alongside our independent agent partners.”
AM Best noted that the affiliation provides several strategic benefits, including product diversification, geographic expansion, increased capacity for profitable growth, and improved economies of scale. Northern Neck and Frederick Mutual will continue to operate under separate brands, preserving strong local presence and long-standing agent relationships. The affiliation also supports stability through shared oversight and centralized operations that strengthen financial discipline and improve efficiency.
With a combined 313 years of service, Northern Neck Insurance Company and Frederick Mutual Insurance Company deliver deep industry expertise, complementary personal and small commercial products, and highly responsive local support. Serving members across Virginia, Maryland, Pennsylvania, North Carolina, Delaware, and the District of Columbia, the organization supports more than 450 independent agency locations with a competitive product portfolio, personalized service, and a steadfast commitment to long‑term financial strength, growth, and profitability.
###
Media Contact:
Stuart Wood, Northern Neck Insurance Company
swood@nnins.com
804-438-4535
