A.M. Best News

A.M. Best Withdraws Ratings of Century Casualty Company in Georgia

A.M. Best has affirmed the financial strength rating (FSR) of B (Fair) and the issuer credit rating (ICR) of “bb+” of Century Casualty Company in Alpharetta, Ga. The outlook for the FSR remains stable, while the outlook for the ICR …

Best Revises Lloyd’s Outlook to Stable from Positive on Difficult Business Conditions

A.M. Best has revised the outlooks to stable from positive of Lloyd’s and Lloyd’s Insurance Co. (China) Ltd., while at the same time affirming their financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a+”. In …

Ratings of Preferred Physicians Medical Risk Retention Group Upgraded

A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of Preferred Physicians Medical Risk Retention Group Inc. (Preferred Physicians) in Kansas City, Mo. The outlook for each rating has …

A.M. Best’s ‘A-‘ Rating Not as Good as It Seems: Fitch

Fitch Ratings this week warned that users of insurance ratings from four large credit rating agencies (CRAs) fail to understand differences in the rating scales – differences that separate A.M. Best from the rest of that pack. Specifically, Fitch said …

Ratings of Missouri-Based National Fire and Indemnity Exchange Downgraded

A.M. Best has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the issuer credit ratings (ICR) to “bbb+” from “a-” of National Fire and Indemnity Exchange (NFIE) in St. Louis, Mo. The outlook for the FSR has been …

A.M. Best: Outlook Stable for Southern Pioneer Property and Casualty Insurance

A.M. Best 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 Southern Pioneer Property and Casualty Insurance Co. (Southern Pioneer) in Jonesboro, Ark. The …

‘A-‘ Rating Assigned to The Gray Insurance Co. of Louisiana

A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to The Gray Insurance Company of Louisiana (GICLA) in Metairie, La. The outlook assigned to each rating is stable. GICLA is a …

AXIS Capital’s New Bermuda Operation, Harrington Re, Raises $600M

Harrington Re, a fledgling Bermuda operation sponsored by AXIS Capital Holdings Ltd., has raised $600 million in capital designed to beef up underwriting and investment plans put forth by its sponsor. Blackstone Group will assist with investment management. For AXIS, …

A.M. Best Affirms Ratings of Markel Int’l & Lloyd’s Syndicate 3000

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

French & German Floods to Hit Insurers’ Earnings but Not Ratings: A.M. Best

The earnings of French and German insurers during the first half of 2016 will be dampened by flood claims following storms Elvira and Friederike, which pounded the countries in quick succession between late May and early June, according to a …