A.M. Best ratings News

Best Affirms Montpelier Re Holdings and Company Ratings

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Montpelier Reinsurance Ltd. (Montpelier Re) as well as the ICR of “bbb” and debt ratings of the parent company, Montpelier Re …

Ratings Recap: Samsung Europe, Transmonde, MAPFRE PRAICO, Ocaso

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of Europe, Limited (SFME), both with stable outlooks. Best said SFME’s ratings “reflect its …

Best Upgrades Ratings for Most ACE Limited Subsidiaries; Outlooks Stable

A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the North American property/casualty subsidiaries of ACE Limited, which is based in Zurich, Switzerland, …

Ratings Roundup: Malayan Insurance, China Taiping, Energas

A.M. Best has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of the Philippines-based Malayan Insurance Co., Inc. (MICO), both with stable outlooks. The ratings reflect MICO’s “solid risk-adjusted capitalization, prominent business profile in …

Ratings: Safety Group, Virginia Farm, New Mexico Casualty, Mennonite Mutual

A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) for the subsidiaries of Safety Insurance Group, Inc.: Safety Insurance Company, Safety Indemnity Insurance Company and Safety Property …

Watford Re Readies for Business; Best Assigns Ratings, Stable Outlook

Bermuda-based Watford Holdings Ltd. and its wholly-owned subsidiary Watford Re Ltd. (collectively, “Watford” or the “Company”), a newly-formed Bermuda-based multi-line reinsurer, announced have announced that “it has raised capital and expects to commence reinsurance operations shortly. Watford is led by …

Best Affirms Markel and Affiliates Ratings; Outlooks Stable

A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the members of the Markel North America Insurance Group, as well as the FSR of ‘B++’ (Good) and the ICR …

Best Affirms Markel Int’l., Lloyd’s Syndicate 3000 Ratings

A.M. Best has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company Limited (MIICL) and Lloyd’s Syndicate 3000. The outlook for MIICL’s ratings remains stable, and the outlook for …

Best Revises Outlook on Chubb and Subs ICR Ratings to Positive; Affirms FSR

A.M. Best has revised the outlook of the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the ICRs of “aa+”of the property/casualty subsidiaries of The Chubb Corporation, also known …

A.M. Best Downgrades South Carolina Insurer

A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to “bb” from “bbb-” of auto insurer Greenville Casualty Insurance Co. based in Greer, South Carolina. The outlook for both ratings …