A.M. Best News

Best Affirms Platinum Underwriters and Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Platinum Underwriters Bermuda, Ltd. and its strategic affiliate, Platinum Underwriters Reinsurance, Inc. , headquartered in Baltimore, Maryland. Best also affirmed …

Best Affirms Meadowbrook and Subs Ratings; Removes from Under Review

A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A-’ (Excellent) and issuer credit ratings (ICR) of “a-” of the subsidiaries of Michigan-based Meadowbrook Insurance Group, Inc. (MIGI), which operate …

Best Affirms Fairfax Financial and Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited, and has also affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs …

A.M. Best: Outlook Negative for Ellington Mutual Insurance Co.

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of bbb- of Ellington Mutual Insurance Co. (EMIC) of Hortonville, Wis. Best said the rating actions …

Outlook for National Fire and Indemnity Exchange Revised to Negative

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) and issuer credit ratings (ICR) of “a-“ of National Fire and Indemnity Exchange (NIE) of St. Louis, Mo. A.M. Best …

Best Affirms Chubb Corp. and Subs ’A++’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the property/casualty subsidiaries of The Chubb Corporation, also known as the Chubb Group of Insurance Companies. Best has also …

A.M. Best Downgrades National Automotive Insurance Co.

A.M. Best Co. has downgraded the financial strength rating to C (Weak) from B (Fair) and issuer credit rating to “ccc” from “bb” of National Automotive Insurance Co. (National Automotive) of Metairie, La. The outlook for both ratings is negative. …

Meadowbrook Corrective Actions Yet to Sway A.M. Best; Company Reacts

On Mar. 1, A.M. Best said that the “A-minus” financial strength ratings of members of Meadowbrook Insurance Group Inc. remain under review with negative implications — a status that has been in place since Oct. 19, 2012 — in spite …

Best Affirms American Financial, Most Subs Ratings; Upgrades Mid-Continent

A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” and all debt ratings of American Financial Group, Inc. (AFG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of “a+” of Great American …

Best Affirms Arch Re and Operating Affiliates’ ‘A+’ Ratings; Outlook Stable

A.M. Best Co. 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 assigned an FSR of ‘A+’ (Superior) and an …