A.M. Best News

A.M. Best: New UAE Regulations Should Improve Risk Profile of Insurers

The Insurance Authority (IA) of the United Arab Emirates recently issued new financial regulations, which are well placed to improve the risk profile and policyholder security of UAE insurers, according to A.M. Best in a special report titled “A.M. Best …

Ratings of Houston-Based Delta Lloyds Insurance Co. Downgraded

Ratings agency A.M. Best has downgraded the financial strength rating (FSR) to B+ (Good) from B++ (Good) and the issuer credit rating (ICR) to “bbb-” from “bbb+” of Delta Lloyds Insurance Co. of Houston, Texas (Delta Lloyds). The outlook for the FSR has …

Outlook Revised to Stable for Illinois Casualty Co.

A.M. Best has revised the outlook to stable from negative for the financial strength rating (FSR) and issuer credit rating (ICR) of Illinois Casualty Co. (Illinois Casualty) in Rock Island, Ill., while affirming the FSR of B++ (Good) and the ICR of …

A.M. Best: Geopolitical Tensions Hit Insurers’ Prospective Growth in Russia

Heightened geopolitical tensions spilling over from the Russia-Ukraine crisis, high interest and inflation rates, and low commodity prices are placing pressure on Russia’s economy and its insurance industry’s prospective growth, according to an A.M. Best special report. A.M. Best believes the …

A.M. Best: Outlook Stable for Oklahoma Farm Bureau Mutual

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B- (Fair) and the issuer credit ratings of “bb-” of the members of Oklahoma Farm Bureau Group: Oklahoma Farm Bureau Mutual Insurance Co. and its wholly …

A.M. Best: Drivers Behind London Market M&A Activity to Continue

The changing dynamics in the specialist property/casualty sector continue to encourage merger and acquisition activity in the London market. A new briefing from A.M. Best notes that the need for insurers to leverage analytical capabilities and increase line size is becoming increasingly …

A.M. Best: Outlook Stable for Louisiana’s Stonetrust Commercial Insurance

A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of B++ (Good) and the issuer credit rating (ICR) of “bbb” of Stonetrust Commercial Insurance Co. (Stonetrust) in Baton Rouge, La. The outlook assigned to …

A.M. Best: Europe’s Largest Cedants Alter Reinsurance Purchasing Practices

Europe’s 20 largest cedants are benefiting from lower reinsurance rates and stronger bargaining power, resulting from a trend that saw increasing centralized reinsurance purchasing at a group level. A new report from A.M. Best states that reinsurance rates in Europe remain under …

Ratings of Texas-Based Producers Agriculture Insurance Cos. Upgraded

A.M. Best announced it has upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit ratings to “aa” from “a” of Producers Agriculture Insurance Co. (Pro Ag) and Producers Lloyds Insurance Co. (Producers Lloyds). Both are based in Amarillo, Texas. …

A.M. Best: Reinsurers Need Underwriting Discipline in Competitive Market

Increasing competition and lower underwriting margins in the reinsurance market highlights the importance of disciplined underwriting, according to an A.M. Best briefing entitled “Global Reinsurers: Who Will Gain Despite All the Pain?” “The market is expected to remain challenging in …