Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Places Rating of The Underwriter Insurance Company Under Review
Mar 11 2003 // A.M. Best Co. announced that it “has placed the financial strength rating of A- (Excellent) of The Underwriter Insurance Company Limited (TU), United Kingdom, under review with negative...
A.M. Best Notes Royal & Sun Alliance Group Ratings Remain Unchanged
Mar 6 2003 // A.M. Best Co. has commented that the financial strength rating of A- (Excellent) of The Royal & Sun Alliance Insurance Group plc (R&SA), United Kingdom and the “bbb” and “bbb-” ratings of...
A.M. Best Lowers Rating of Top Layer Reinsurance Ltd.
Mar 4 2003 // A.M. Best Co. has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Bermuda-based Top Layer Reinsurance Ltd. and maintained a stable outlook on the company. The lowering of this rating is a...
Kemper’s A.M. Best Rating Lowered to ‘B’
Mar 4 2003 // A.M. Best Co. has lowered the financial strength rating of Long Grove, Ill.-based Kemper Insurance Cos. to “B” (fair) from “B+” (very good). The rating remains under review with negative...
Progressive’s ‘A+’ A.M. Best Rating Affirmed
Mar 4 2003 // A.M. Best Co. has affirmed the financial strength rating of “A+” (superior) for the Mayfield Village, Ohio-based Progressive Casualty Pool. At the same time, A.M. Best has affirmed the “a+” senior...
A.M. Best Affirms Rating of Egypt Re
Mar 3 2003 // A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of Egyptian Reinsurance Company (Egypt Re). The affirmation reflects the maintenance of excellent risk-adjusted capital adequacy and improved...
A.M. Best Lowers Kemper Cos. Ratings
Mar 3 2003 // A.M. Best Co. has lowered the financial strength rating to B (Fair) from B+ (Very Good) of the participants in the Kemper Insurance Companies (Long Grove, Ill.) inter-company pool, 10 reinsured affiliates and one domestic...
A.M. Best Expands Capabilities of its Hong Kong Regional Headquarters
Feb 28 2003 // A.M. Best Co. announced that it has recently integrated its Asia/Pacific insurance rating and information operations to serve Japan, Australia and New Zealand under A.M. Best Asia-Pacific Ltd. in Hong...
A.M. Best Affirms Rating of NIPPONKOA Insurance Company
Feb 26 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A (Excellent) of NIPPONKOA Insurance Company, Ltd., Tokyo, with a stable outlook. Best also assigned the company a financial size category of...
A.M. Best Affirms Rating for HSBC Medical Ltd.
Feb 25 2003 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of HSBC Medical Insurance Limited, Hong Kong. The outlook is stable. The rating reflects HSBC Medical’s leadership position in the group...
A.M. Best Affirms Rating for Sun Hung Kai Properties Ltd.
Feb 21 2003 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI), Hong Kong. The outlook is stable. The rating reflects SHKPI’s prudent capitalization,...
A.M. Best Lowers Rating for Unum Japan Accident Co.
Feb 20 2003 // A.M. Best Co. has lowered the financial strength rating to A- (Excellent) from A (Excellent) of Unum Japan Accident Insurance Company, Ltd., Tokyo, Japan, and placed the rating under review with negative implications. The...
A.M. Best Assigns ‘A+’ Rating to Nichido Fire and Marine Co. Ltd.
Feb 14 2003 // A.M. Best Co. has assigned an initial financial strength rating of A+ (Superior) to The Nichido Fire and Marine Insurance Company, Ltd., Tokyo, Japan, with a negative outlook. The company has a financial size category of...
Infinity P/C Earns ‘A’ Rating From A.M. Best
Feb 14 2003 // A.M. Best Co. has assigned a financial strength rating of A (Excellent) to Infinity Property and Casualty Group, the core auto subsidiaries of Infinity Property and Casualty Corp. (IPCC), based in Birmingham, Ala. IPCC was...
A.M. Best Updates FSR Status for Gerling Konzern Allgemeine Versicherung
Feb 13 2003 // A.M. Best Co. released comment on the continuous uncertainties regarding the future ownership of the Gerling-Konzern Versicherungs-Beteiligungs-AG (GKB) and the potential impact on the A- (Excellent) financial strength...
A.M. Best Affirms RenRe Subsidiaries’ Ratings; Downgrades Trenwick Group
Feb 4 2003 // A.M. Best Co. announced that it has affirmed the financial strength ratings of A+ (Superior) on Bermuda’s RenaissanceRe Holdings Ltd.’s operating subsidiaries, notably Renaissance Reinsurance Ltd., the lead...
A.M. Best Affirms Ratings for AIG’s Domestic Commercial P/C Companies
Feb 4 2003 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) relating to the American International Group (AIG) (New York), which comprises the domestic commercial property/casualty companies. The rating...
A.M. Best Assigns Debt Ratings to SAFECO’s New Senior Notes
Jan 30 2003 // A.M. Best Co. has assigned “bbb+” senior unsecured debt ratings to the $200 million 4.200 percent five-year notes and $300 million 4.875 percent seven-year notes issued by SAFECO Corporation. These securities...
A.M. Best Places Rating of Prudential P/C Group, Subsidiary Under Review
Jan 29 2003 // A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Prudential Property and Casualty Group (Indianapolis) and its separately rated subsidiary, THI Holdings Group (Cleveland), under review with...
A.M. Best Affirms Ratings for Aon’s Underwriting Subsidiaries
Jan 28 2003 // A.M. Best Co. has affirmed the A (Excellent) financial strength ratings of Chicago-based Aon Corporation’s key insurance underwriting subsidiaries and removed the ratings from under review. The ratings were placed...
