A.M. Best News

A.M. Best Report: ‘Grey Swan’ Risks Can Affect Balance Sheets, Ratings

A new special report from A.M. Best discusses the need for non-life and life insurers to address threats called “grey swans,” the low-probability, high-severity events that have the potential to impair balance sheets and lower financial strength ratings. “Although some risks do …

A.M. Best: Global Re Stocks Underperform as Catastrophe Prices Drop

Stocks for publicly traded reinsurance companies (including the four large European reinsurers) performed well below the overall market through the third quarter of 2014, driven in part by the increased volatility in the overall equity markets and amplified by continued …

A.M. Best Comments on Results of EIOPA’s Insurance Stress Test

A.M. Best said it would be premature to draw negative conclusions from the most recent Solvency II stress tests conducted by the European Insurance and Occupational Pensions Authority (EIOPA) and does not anticipate any rating implications at this stage. In …

A.M. Best Report: Last Resort Insurers Welcome Catastrophe Bond Market

The convergence market has provided an opportunity for entities that act as insurers of last resort to transfer some of their peak exposures to the capital markets, according to a Best’s Special Report titled, “Last Resort Insurers Welcome Relief From Growing Catastrophe …

A.M. Best: Asia-Pacific M&As Driven by Top-Line Growth Prospects

The Asia-Pacific region has been a popular destination for mergers and acquisitions, driven by top-line growth prospects for many still-developing markets with low insurance penetration, according to a Best’s Special Report titled, “Asia-Pacific Mergers and Acquisitions Seen as More Balanced, Driven by …

A.M. Best: Buffalo Snowstorm Impacts Regional Property Writers

Ratings agency A.M. Best said there is potential for some insurers — particularly the small, geographically concentrated writers — that were impacted by the recent snowstorm in and around Buffalo, New York, to hit the retention on their catastrophe treaties. …

No Ratings Impact from UK’s Counter-Terrorism/Security Bill: A.M. Best

A bulletin from A.M. Best indicates that it “does not expect rated insurers to be impacted by the amendments to the UK’s Counter-Terrorism and Security Bill, making it illegal for insurers to reimburse ransom payments made to terrorist organizations.” The changes …

Arch Reinsurance to Provide Additional Strategic Support for Gulf Re

Arch Reinsurance Ltd. has announced a number of strategic initiatives to provide additional support to Gulf Reinsurance Ltd., a specialty reinsurer based in the Dubai International Financial Centre, founded jointly by Arch and Gulf Investment Corporation (GIC) in 2008. Arch …

Outlook for Kansas’ Upland Mutual Insurance Revised to Stable

A.M. Best reported it has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-”of Upland Mutual Insurance Inc. (Upland) in Junction City, Kan. The revised outlook reflects Upland’s …

A.M. Best Assigns ‘A’ Rating to Missouri’s American Shield Insurance

A.M. Best announced it assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to American Shield Insurance Co. (American Shield) in Columbia, Mo. The outlook assigned to both ratings is stable. The ratings reflect the implementation …