A.M. Best News

Bermuda Re/Insurers Start to Feel Pressures of Challenging Market: A.M. Best

Bermuda market re/insurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve development. These negative trends are becoming increasingly evident for Bermuda insurers and …

A.M Best Assigns Rating to ICC Holdings; Affirms Illinois Casualty Ratings

A.M. Best has assigned a long-term issuer credit rating (Long-Term ICR) of “bb” to ICC Holdings Inc. (ICC Holdings) in Rock Island, Ill., a recently formed publicly traded holding company for the demutualization of Illinois Casualty Co. (Illinois Casualty), also based in Rock Island. …

Best Upgrades Ratings of Arkansas Farm Bureau Mutual Insurance

A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of Farm Bureau Mutual Insurance Company of Arkansas Inc. (Arkansas Farm Bureau), based …

UK Insurers’ Reserve Strengthening Likely After Personal Injury Discount Rate Change: A.M. Best

The earnings of U.K. insurers likely will be hit by reserve strengthening following the U.K. government’s announcement of a dramatic cut to the discount rate used to calculate lump-sum personal injury compensation, according to A.M. Best. Motor insurers and reinsurers …

Ratings of Oklahoma Farm Bureau Mutual Insurance, Subsidiary Upgraded

A.M. Best has upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating to “bbb-” from “bb+” for the members of the Oklahoma Farm Bureau Group: Oklahoma Farm Bureau Mutual Insurance Co. and its wholly …

A.M. Best Upwardly Revises Outlooks for Employers and Subsidiaries in Nevada

A.M. Best has revised the outlooks to stable from negative and affirmed, the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Employers Insurance Group Employers Insurance Company of Nevada, Employers Compensation Insurance Co., …

A.M. Best: Outlook Positive for Wolverine Mutual Insurance

A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of Wolverine Mutual Insurance Co.  (Wolverine), in …

Brexit Cost Implications to Weigh on UK Re/Insurers: A.M. Best Report

The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not anticipate taking any rating actions as a result of …

Ratings Outlook for GuideOne Insurance Revised to Negative: A.M. Best

A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of the members of the GuideOne Insurance Companies (GuideOne). The outlook changes reflect …

Is Soft Market Bottoming? A.M. Best Points to Some Promising Signs

Some observers believe the bottom of the reinsurance market may be in sight because brokers are having greater difficulty filling out underpriced programs and further concessions in terms are difficult to obtain, according to a report published by A.M. Best. …