A.M. Best News

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 …

Hedge Funds Move Into Catastrophe Reinsurance

Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but skeptics are questioning whether they will stick around ahead of the next “big one” as underwriting returns fall. Hedge funds …

Best’s Reinsurance Industry Report Examines Relevancy of the Underwriting Cycle

A.M. Best has released its annual segment review of the global reinsurance industry, titled “How Relevant Is The Underwriting Cycle?” The special report includes a ranking of the top 50 global reinsurance groups and geographic breakouts of reinsurance segments. The …

Meadowbrook Insurance Eyes Modest Growth in 2015

After two years of siphoning off unprofitable business, tightening underwriting and raising rates, Meadowbrook Insurance Group is looking forward to growing again, according to the company’s upper management. Even before ratings agency A.M. Best downgraded the Southfield, Mich.-based property/casualty insurer …

A.M. Best: Outlook Stable for Wisconsin Mutual Insurance

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wisconsin Mutual Insurance Co. (WMIC), based in Madison. The ratings reflect WMIC’s solid capitalization, favorable balance …

New IFRS Standard to Significantly Change Insurers’ Financial Reports: A.M. Best

“The emerging international accounting standard for insurance contracts will change the data that form one part of the material used by A.M. Best in the insurance sector,” the rating agency said in a Special Report. “The standard, known as Phase …

Ellington Mutual Insurance Co. Ratings Downgraded, Withdrawn

A.M. Best has downgraded the financial strength rating to B- (Fair) from B (Fair) and the issuer credit rating to “bb-” from “bb” of Ellington Mutual Insurance Co. (EMIC) in Hortonville, Wis. The outlook for both ratings remains negative. Concurrently, A.M. Best …

Purchase Brings Ratings Review of Louisiana’s Imperial Fire and Casualty

A.M. Best has placed under review with positive implications the financial strength rating (FSR) of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of Imperial Fire and Casualty Insurance Company (Imperial) of Opelousas, La. The under review with positive implications …

Deemed Insolvent, Ratings of Interstate Bankers Casualty Downgraded

A.M. Best has downgraded the financial strength rating to E (Regulatory Supervision) from C- (Weak) and the issuer credit rating to “rs” from “cc” of Interstate Bankers Casualty Co. (Interstate Bankers) of Chicago, Ill. The rating actions reflect Interstate Bankers being placed under …

Best Upgrades Travelers and Most Subs Ratings; 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 property/casualty subsidiaries of The Travelers Companies, Inc. (TRV), also known as Travelers Group, …