negative outlook News

Outlook Revised to Negative for Badger Mutual Insurance; A- Rating Affirmed

A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Badger Mutual Insurance Company (Badger Mutual), of Milwaukee, Wis. The revised outlook reflects Badger …

Best Downgrades Meadowbrook and Subs Issuer Credit Rating; Affirms FSR

A.M. Best has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of ‘B++’ (Good) for the subsidiaries of Michigan-based Meadowbrook Insurance Group, Inc. (MIGI), which operate under an intercompany reinsurance pooling …

A.M. Best: Outlook Negative for Imperial Fire and Casualty Insurance

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 Opelousas, La.-based Imperial Fire and Casualty Insurance Co. (Imperial). The rating actions reflect …

Fitch Downgrades Argentine Insurers Ratings after Sovereign Downgrade

Fitch Ratings has downgraded the long-term National Scale ratings of 12 insurance companies in Argentina, and has also revised the companies’ rating outlooks to negative from stable. Fitch said it took the rating actions following its Nov. 27 downgrade of …

Best Revises ICR Outlook to Negative for QBE North America Group; Affirms Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the pooled and reinsured members of QBE North America Insurance Group (QBENA Group). These companies are key operating subsidiaries …

Best Downgrades Brit Insurance Ratings; Placed on Review/Negative

A.M. Best Europe – Rating Services Limited has downgraded the financial strength rating to ‘A-’ (Excellent) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “a-” from “a”  of UK-based Brit Insurance Limited (BIL), and has placed the ratings …

Best Downgrades Wisconsin Re’s Ratings; Revises Outlook to Negative

A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit ratings to “bbb-” from “bbb” of Wisconsin Reinsurance Corporation and its wholly-owned subsidiary, 1st Auto & Casualty Insurance Company, together known as …

Int’l Chamber of Commerce Survey: ‘World Economic Climate Has Worsened’

According to the World Economic Survey (WES), published by the International Chamber of Commerce (ICC) and the Munich-based Institute for Economic Research (Ifo), “the world economic climate has worsened in the fourth quarter, as indicated by increasingly negative expectations from …

Best Affirms Flagstone Re Africa Ratings; Put Under Review-Negative

A.M. Best Europe – Rating Services Limited has placed under review with negative implications and affirmed the financial strength rating of ‘A-’ (Excellent) and issuer credit rating  of “a-” of Flagstone Reinsurance Africa Limited (FReA), which is based in South …

Best Downgrades Kingsway and Affiliates Ratings; Assigns Negative Outlook

A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “c” from “ccc” and senior debt ratings to “c” from “ccc” of Kingsway Financial Services Inc (KFSI) and Kingsway America Inc. (KAI). Best has also downgraded the financial strength …