Ratings 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 …

Hilltop Holdings Inc. to Acquire SWS Group

Hilltop Holdings Inc., a Dallas-based financial holding company with interests in financial services and insurance operations, announced an agreement to acquire SWS Group Inc., a holding company that provides investment and financial services through subsidiaries. SWS Group is also headquartered …

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 …

Effort to Put House in Order Paying Off: Meadowbrook Insurance CEO

Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are working, its chief executive said. In a Feb. 19 conference call …

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 …

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 …

A.M. Best Revises Ohio’s Buckeye Outlook to Negative

A.M. Best Co. has revised the outlook to negative from stable of Piqua, Ohio-based Buckeye State Mutual Insurance Co. and its insurance affiliates. The ratings firm also affirmed the financial strength rating of B+ (Good) and issuer credit ratings of …

Federated Rural Electric Insurance Exchange Rating Upgraded

A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-“ of Federated Rural Electric Insurance Exchange (FREIE or the Exchange) in Lenexa, Kan. The outlook for both …

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

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Columbia Mutual Insurance Co. (Columbia), Columbia, Mo., and its insurance subsidiaries. …

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 …