Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Liberty Mutual Maintains ‘A’
Jun 23 2003 // A.M. Best Co. said the current financial strength and debt ratings of the Liberty Mutual Insurance Cos. remain unchanged following its announcement regarding the acquisition of Prudential Financial Inc.’s U.S....
Baldwin & Lyons Sub Upgraded
Jun 23 2003 // Indianapolis-based Baldwin & Lyons Inc. reported that A.M. Best has upgraded its financial rating of the company’s subsidiary, Sagamore Insurance Co., from “A” to “A+” (Superior). Baldwin...
A.M. Best Upgrades Rating of Folksamerica Reinsurance Co.
Jun 19 2003 // A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Folksamerica Reinsurance Company (New York). The rating outlook is stable. The rating reflects Folksamerica’s increased...
A.M. Best Places FSR of National Service Under Review
Jun 17 2003 // A.M. Best Co. has placed the financial strength rating of A- (Excellent) of National Service Contract Insurance Company RRG (NSC) (Hawaii) under review with negative implications. The status will remain pending the results...
St. Paul’s Strength Affirmed, But Debt Gets Downgrade
Jun 17 2003 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) of the St. Paul Cos. Inc.’s property/casualty subsidiaries. Concurrently, A.M. Best has downgraded its senior debt rating to...
A.M. Best Affirms FSR of St. Paul
Jun 16 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of The St. Paul Companies, Inc.’s (St. Paul, MN) property/casualty subsidiaries. Concurrently, A.M. Best has downgraded its senior debt rating...
A.M. Best Downgrades MLMIC Group, Princeton and OHIC Ratings
Jun 16 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to B (Fair) from B++ (Very Good) of the New York-based MLMIC Group, removed the rating from under review, and assigned a “negative”...
A.M. Best Affirms Cologne Re ‘A++’ (Superior) Rating
Jun 13 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A++’ (Superior) of Koelnische Rueckversicherungs-AG (Cologne Re) and its core subsidiaries, with a stable outlook. The affirmation...
Dallas Fire Upgraded by A.M. Best
Jun 12 2003 // Dallas Fire Insurance Company, a Dallas, Texas-based writer of property and casualty insurance, announced it has been upgraded to a “B+IV” by the A.M. Best Company. The company said the upgrade was due to...
Dorinco Re Downgraded to ‘A-‘
Jun 11 2003 // A.M. Best Co. has downgraded the financial strength rating of Midland, Mich.-based Dorinco Reinsurance Co. to “A-” (Excellent) from “A” (Excellent). The rating action reflects deterioration in...
A.M. Best Places Ratings of Atlantic Mutual Companies Under Review with Negative Implications
Jun 9 2003 // A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Atlantic Mutual Companies (The Atlantic) (New York) under review with negative implications. Concurrently, A.M. Best has placed the...
The Ratings Game
Jun 9 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
Best Assigns ‘A-‘ (Excellent) Rating to Lloyd’s Syndicate 2010
Jun 4 2003 // A.M. Best Co. announced that it has assigned a “Best’s syndicate rating of A- (Excellent) to Lloyd’s Syndicate 2010, managed by Cathedral Underwriting Ltd.” , with a “stable”...
Sagamore Ratings Upgraded
Jun 3 2003 // Indianapolis-based Baldwin & Lyons Inc. reported that A.M. Best has upgraded its financial rating of the company’s subsidiary, Sagamore Insurance Company, from “A” to “A+”...
A.M. Best Says Liberty Mutual Ratings Remain Unchanged
May 23 2003 // A.M. Best Co. said the current financial strength and debt ratings of the Liberty Mutual Insurance Companies (Liberty Mutual) (Boston) remain unchanged following its announcement regarding the acquisition of Prudential...
A.M. Best Affirms PXRE’s ‘A’ (Excellent) Ratings
May 22 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A’ (Excellent) for the Bermuda-based PXRE Group Ltd.’s reinsurance subsidiaries, but has maintained its...
A.M. Best Downgrades AMERCO Subsidiaries
May 22 2003 // A.M. Best Co. has downgraded the financial strength ratings to C (Weak) from B (Fair) of Republic Western Insurance Company (Arizona) and North American Fire & Casualty Insurance Company (Louisiana). The companies are...
A.M. Best Downgrades The Underwriter Insurance Company Rating
May 21 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of U.K.-based The Underwriter Insurance Company Limited (TU), and maintained its negative outlook on the...
The Ratings Game
May 19 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
A.M. Best: Asbestos Settlement Won’t Aid Ratings
May 15 2003 // Recent reports of a national, privately financed trust to pay asbestos claimants have raised questions about the insurance industry’s ability to fund its participation in a trust while maintaining individual...
