ratings upgrade News

Ratings of Michigan Professional Insurance Exchange Upgraded

A.M. Best has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb+” of Michigan Professional Insurance Exchange (MPIE) in Grand Rapids, Mich. The outlook for each rating has been revised to stable …

A.M. Best Upgrades Ratings of Republic Underwriters Insurance, Affiliates

A.M. Best has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of Republic Underwriters Insurance Co. (RUIC) (Dallas, Texas) and …

Ratings of Minnesota’s Rural Community Insurance Upgraded: A.M. Best

A.M. Best has removed from under review with developing implications and upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit rating to “aa-” from “a+” of Rural Community Insurance Co. (RCIC) in Anoka, Minn. …

Ratings of Louisiana Farm Bureau Mutual Insurance Co. Upgraded

A.M. Best has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb+” of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau) in Baton Rouge. The outlook for both ratings has been …

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. …

Ratings Recap: AEGIS, Lloyd’s Syndicate 1225, PaCRe

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 Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS), and has revised its outlook on both …

A.M. Best Upgrades Ratings of Minnesota’s Austin Mutual Insurance

A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from B (Fair) and the issuer credit rating to “a+” from “bb+” of Austin Mutual Insurance Co. (Austin) in Maple Grove, Minn. The outlook for both ratings has …