Kingsway announces A.M. Best rating for Lincoln General Insurance Company



    TORONTO, Sept. 8 /CNW/ - Kingsway Financial Services Inc. (TSX:KFS,
NYSE:  KFS, "Kingsway", or "the Company") today announced that A.M. Best has
downgraded the financial strength rating of its Lincoln General Insurance
Company ("LGIC", or "Lincoln General") subsidiary to 'D' (Poor) and the issuer
credit rating to "c" with a negative outlook.
    "We anticipated A.M. Best's decision on LGIC as a result of the voluntary
run-off status of that business," said Colin Simpson, President & CEO of the
Company. "We have every confidence in the experienced executives we have put
in place to actively manage the business plan and the expense reductions that
will maintain Lincoln General's solvency."
    Mr. Simpson also stated, "It's important to note that LGIC has been rated
independently of our other operating companies. We believe we have minimized
the impact of this rating on our other subsidiaries, and we continue to work
closely with A.M. Best."

    About the Company

    Kingsway Financial Services Inc. ("Kingsway" or the "Company") focuses on
non-standard automobile insurance in North America. Kingsway's primary
businesses are the insuring of automobile risks for drivers who do not meet
the criteria for coverage by standard automobile insurers, and commercial
automobile insurance. The Company operates through wholly-owned insurance
subsidiaries in Canada and the U.S. which it is currently consolidating to
reduce overhead and strengthen its competitive position. The Company also
operates reinsurance subsidiaries in Barbados and Bermuda. The common shares
of Kingsway Financial Services Inc. are listed on the Toronto Stock Exchange
and the New York Stock Exchange, under the trading symbol "KFS".

    %SEDAR: 00003152E          %CIK: 0001072627




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