A.M. Best News

Best Affirms Arch Capital and Subs ‘A+’ Ratings; Outlook Stable

A.M. Best has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Bermuda-based Arch Reinsurance Ltd. and its strategic affiliates. Best also affirmed the ICR of “bbb+” of Arch Capital Group …

Small Workers’ Comp Carrier Exits California

Public Service Mutual Insurance Co.’s exit from California’s workers’ compensation market isn’t a reflection of the health of the state’s workers’ comp system, according to the California Department of Insurance. The workers’ comp carrier is part of the Magna Carta …

A.M. Best Upgrades Prime Insurance Company with an A- Rating

(Chicago, Illinois and Salt Lake City, Utah) March 3, 2014 – As a result of their strengthened risk-adjusted capitalization and improved operating performance, Prime Insurance Company announced today that A.M. Best Co. has upgraded their financial strength rating from B++ …

Best Maintains Review/Negative Status for OneBeacon Group’s Ratings

A.M. Best has maintained the under review with negative implications status on the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of certain indirect subsidiaries of OneBeacon Insurance Group, Ltd., based in Bermuda. Best …

Ratings of Houston’s Delta Lloyds Insurance Co. Downgraded

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

Best Affirms AIG Europe’s Ratings; Outlook Stable

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of  UK-based AIG Europe Limited (AEL), a wholly owned subsidiary of American International Group, Inc. (AIG), both with stable outlooks. The report is …

Ratings Recap: Third Point Re, Sava Re, NEWGT

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based Third Point Reinsurance Company Ltd. (TPRCL). The outlook for both ratings is stable. Best also assigned an ICR of …

A.M. Best Reviewing Wright National Flood Insurance Co.

Ratings agency, A.M. Best, has placed under review with developing implications the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) of San Antonio, Texas. These rating actions follow the …

Best Downgrades Tower Group and Subs Ratings; Under Review/Negative

Last Friday, A.M. Best Co. downgraded the financial strength rating (FSR) to B (Fair) from B++ (Good) of the pooled and reinsured members of the Tower U.S. Pool. A.M. Best said the downgrade and other related actions take into consideration …

Best Downgrades Issuer Credit Ratings of QBE’s U.S. Subsidiaries; Affirms FSR

A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of the pooled and reinsured members of QBE North America Insurance Group (QBENA Group). Best explained …