A.M. Best ratings News

A.M. Best Affirms Ratings of Munich Re and Subsidiaries

A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company (Munich Re) (Germany) and its subsidiaries. Concurrently, A.M. Best has affirmed all debt ratings of Munich …

A.M. Best Assigns A- (Excellent) Rating to Kelvin Re in Guernsey

A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Kelvin Re Limited (Guernsey). The outlook assigned to both ratings is stable. The ratings reflect Kelvin Re’s strong capitalization, diversified projected business profile within …

A.M. Best Upgrades Ratings of Mapfre Panamá

A.M. Best upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of Mapfre Panamá S.A., Panama City, Panama. The outlook for both ratings is stable. The upgrade of the ratings …

Best Revises Outlook for Union Insurance in United Arab Emirates

A.M. Best has revised the outlook to positive from stable for the issuer credit rating (ICR) of Union Insurance Company P.S.C. (Union) (United Arab Emirates). At the same time, A.M. Best has affirmed the financial strength rating (FSR) of B++ (Good) and the …

A.M. Best Upgrades Rating of Greenlight Reinsurance Ireland

A.M. Best has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of Greenlight Reinsurance Ireland Limited. Concurrently, A.M. Best has affirmed the FSR of A (Excellent) and the ICR …

A.M. Best Upgrades Ratings for Reaseguradora Patria

A.M. Best has upgraded the financial strength rating to A from A- (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Reaseguradora Patria, S.A. (Patria Re) (Mexico). The outlook for these ratings was revised to stable from positive. Concurrently, …

A.M. Best Revises Outlook to Negative for Frederick Mutual in Maryland

Ratings agency A.M. Best said it has revised the outlook to “negative” from “stable” and affirmed the financial strength rating of “A- (Excellent)” and the issuer credit rating of “a-” of Frederick Mutual Insurance Co. in Frederick, Maryland. A.M. Best …

Best Upgrades Ratings of Taiping Reinsurance

A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of Taiping Reinsurance Company Limited (TPRe) (Hong Kong). The outlook for both ratings is stable. The ratings …

Ratings Recap: Continental, Nat’l. Guaranty, Westminster, Triangle, Ellington Mutual

A.M. Best has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-”of Chicago-based Continental Assurance Company (CAC), and has removed the ratings from under review with developing implications and …

Ratings Recap: Trust Re, Alliance

A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Trust International Insurance & Reinsurance Company B.S.C. (c) Trust Re, which is based in Bahrain. The outlook for both ratings remains …