Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
RMS Terrorism Risk Management Tools Aiding Insurers in Responding to New Best Questionnaire
Jan 23 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, affirmed that its products can assist insurers in responding to the newly issued Supplemental Rating...
A.M. Best Adds N.H. to State Rate Filings
Jan 19 2004 // A.M. Best announced that Best’s State Rate Filings now includes New Hampshire on its roster of available states. “The publication, which provides coverage of activities in the U.S. representing 90 percent of...
S&P, A.M. Best React to XL Reserve Announcement
Jan 15 2004 // Both A.M. Best and Standard & Poor’s Ratings Services reacted to XL Capital Group’s announcement yesterday that its aggregate reserve additions in 2003 would be around $908 million pretax ($694 million in...
A.M. Best Places Zurich Specialties London Ltd. Under Review; Negative Implications
Jan 13 2004 // A.M. Best Co. has placed the financial strength rating of A (Excellent) of Zurich Specialties London Limited (ZSL) (United Kingdom) under review with negative implications. The rating action reflects A.M. Best’s need...
A.M. Best Downgrades Rating for Medical Assurance of W. Va.
Dec 29 2003 // A.M. Best Co. has downgraded the financial strength rating to B (Fair) from A- (Excellent) of Medical Assurance of West Virginia, Inc., (Charleston, WV) a wholly-owned subsidiary of Medical Assurance Company Inc. (MAI),...
Best Downgrades Employers Reassurance
Dec 29 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) of Employers Reassurance Corp. (ERAC) and assigned a stable outlook. “The...
Best Assigns New Technology Insurance ‘A-‘ Rating
Dec 24 2003 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) to Dublin-based New Technology Insurance (NTI), with a stable outlook. “The rating reflects NTI’s...
A.M. Best Affirms Sovereign Assurance ‘A’ Rating
Dec 16 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A’ (Excellent) of New Zealand’s Sovereign Assurance Company Limited, with a positive outlook. “The rating reflects...
A.M. Best: P/C Industry Notes Strong Q3 Results, But Reserve Development, Rate Deceleration Emerge
Dec 15 2003 // The property/casualty industry reported strong premium growth and vastly improved underwriting results during the first nine months of 2003, compared with the same period of 2002, according to A.M. Best Co. Driving these...
A.M. Best Assigns Debt Rating to RLI Corp.’s Senior Notes
Dec 10 2003 // A.M. Best Co. has assigned a senior debt rating of “bbb+” to RLI Corp.’s proposed issuance of $100 million of 5.95% 10 year senior unsecured notes due 2014. The outlook for the rating is positive. RLI is...
A.M. Best Affirms Chubb’s Financial Strength and Debt Ratings
Dec 9 2003 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of the property/casualty subsidiaries of The Chubb Corporation (Chubb). Concurrently, A.M. Best has affirmed the existing senior debt ratings of...
A.M. Best Reacts to OneBeacon’s Purchase of Atlantic Mutual’s Commercial Lines Renewals
Dec 8 2003 // A.M. Best Co. has commented that the financial strength and debt ratings of the subsidiaries of White Mountains Insurance Group(Hamilton, Bermuda) and Atlantic Mutual Companies (New York, N.Y.), remain unaffected following...
A.M. Best Comments on FSR Sierra Health Services’ Health Care Entities
Dec 2 2003 // A.M. Best Co. has commented on the financial strength rating of B+ (Very Good) of Sierra Health Services Inc.’s HMO and health insurance entities. A.M. Best’s comments follow Sierra’s announcement of the...
A.M. Best Affirms Rating of QBE Re Group – U.S.
Nov 28 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of QBE Re Group – U.S. (QBE) (New York, N.Y.). This rating applies to QBE Reinsurance Corporation (Philadelphia) and its subsidiaries, QBE...
A.M. Best Downgrades Rating of Royal SunAlliance USA
Nov 26 2003 // A.M. Best Co. has downgraded the financial strength ratings of the Royal & SunAlliance USA Insurance Pool (Royal USA) (Charlotte, N.C.) and the Royal Surplus Lines Insurance Company (Charlotte) to B (Fair) from B+...
A.M. Best Affirms National Indemnity Group
Nov 25 2003 // A.M. Best Co. has affirmed the financial strength rating of “A++” (superior) of National Indemnity Group, a subsidiary of Omaha, Neb.-based Berkshire Hathaway Inc. The rating applies to National Indemnity...
A.M. Best Affirms Rating for Energy Insurance Mutual Ltd.
Nov 17 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Energy Insurance Mutual Limited (EIM) (Bridgetown, Barbados). The rating outlook is stable. The rating reflects EIM’s excellent...
A.M. Best Affirms Financial Strength and Debt Ratings of Odyssey Re
Nov 10 2003 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Odyssey Reinsurance Group (Wilmington, Del.). In addition, A.M. Best has assigned the financial strength rating of A (Excellent) to Hudson...
A.M. Best Downgrades Rtgs. of PMA Group, PMA Capital Co; Downgrades Debt Rating of PMA Capital Corp.
Nov 5 2003 // A.M. Best Co. has downgraded the financial strength ratings of PMA Insurance Group (Blue Bell, Pa.) and PMA Capital Insurance Company (Philadelphia) to B++ (Very Good) from A- (Excellent). Concurrently, A.M. Best has...
Best Downgrades Hannover Re, HDI
Oct 31 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating of Hannover Rueckversicherung AG (Hannover Re) and its core subsidiaries to A (excellent) from A+ (superior). It also downgraded the financial...
