A.M. Best News

Best Analyzes Changes to Brazilian Local Reinsurance Market

A.M. Best has released a new briefing focusing on the National Council of Private Insurance issuance of CNSP Resolution CNSP No. 322, which decreases the amount of premiums that Brazil’s local insurers must “place” with local reinsurers, from 40 percent …

Investment Return Moves up Boardroom Agenda for Europe Insurers: A.M. Best

The pursuit of improved investment returns has become more important for European insurers after a lengthy period when their attention was more focused on non-investment sources of profit, according to a report published by A.M. Best. How an insurer might …

Wright National Flood Insurance Co. Ratings Affirmed

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) in San Antonio, Texas. The outlook for both ratings is stable. The ratings of WNFIC, formerly known as …

Foreign Insurers Take Cautious Look at Iran Business in Wake of Nuclear Deal

Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are treating the country …

A.M. Best Assigns Ratings to Tower Hill Prime Insurance Co.

A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Tower Hill Prime Insurance Company (Tower Hill Prime) in Gainesville, Fla. The outlook assigned to both ratings is stable. The ratings …

A.M. Best Special Report: Florida Property Insurers Remain Untested

The property insurance market in Florida has significantly shifted in market share as Citizens Property Insurance Corp. (Citizens)—the state-run property insurance company—continues to depopulate and move policyholders to the private market, which has increasingly seen the emergence of newly formed, …

Brazil Economy Challenges Re/Insurers; No Rating Impact Expected: A.M. Best

As Brazil’s sovereign ratings hover just above non-investment grade status, A. M. Best said it is considering the effect a future sovereign downgrade would have on rated re/insurers’ balance sheets and risk-adjusted capitalization, according to a briefing published by the …

Re/insurance Market Conditions Will Lead to More M&A Activity: A.M. Best

Merger and takeover activity is likely to continue in the coming months as re/insurers increasingly seek ways to deploy capital and create scale against a backdrop of ongoing soft market conditions and weak investment returns, according to a special report …

A.M. Best: Volatility of China Stock Market Not Expected to Hit Insurer Ratings

The recent volatility of China’s stock market is not expected to affect the ratings of domestic insurers, according to a new briefing issued by A.M. Best*. Putting the volatility into context, A.M. Best noted that the Shanghai Composite Index fell sharply, …

A.M. Best: Eurozone Insurers Remain Robust Despite Instability in Greece

The impact of Greece exiting the eurozone is likely to hit market confidence in the region, although (re)insurers operating in the economic bloc are well positioned to withstand a continued period of volatility, according to a briefing published by A.M. …