Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
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...
A.M. Best Withdraws the Financial Strength Ratings of Gerling Global Reinsurance Corp. of America
Jan 28 2003 // A.M. Best Co. announced that it has withdrawn the financial strength rating of B- (Fair) and assigned an NR-3 rating (Rating Procedure Inapplicable) to Gerling Global Reinsurance Corporation of America (GGRCA) and its...
A.M. Best Raises Rating of Brit Insurance to ‘A’ (Excellent)
Jan 27 2003 // A.M. Best Co. announced that it has raised the financial strength rating to A (Excellent) from A- (Excellent) of U.K.-based Brit Insurance Limited (BIL), and has removed the ratings from under review status with a stable...
A.M. Best Upgrades Ratings for Bituminous Companies, Pair of Old Republic General Group Affiliates
Jan 23 2003 // A.M. Best Co. has upgraded the financial strength ratings of Bituminous Insurance Companies to A+ (Superior) from A (Excellent), Old Republic Union Insurance Company to A (Excellent) from B++ (Very Good) (both of Illinois)...
A.M. Best Affirms A+ (Superior) Rating of PartnerRe Group
Jan 23 2003 // A.M. Best Co. has affirmed the group financial strength rating of A+ (Superior) of Bermuda-based PartnerRe Group and its core subsidiaries, Partner Reinsurance Company Ltd. (Bermuda), Partner Reinsurance Company of the...
Best Lowers Ratings on Two Allianz Swiss Subsidiaries
Jan 21 2003 // A.M. Best Co. announced that it has lowered the financial strength ratings of Allianz Suisse Versicherungs-Gesellschaft and Allianz Suisse Lebensversicherungs-Gesellschaft- both referred to as Allianz Suisse -to A+...
A.M. Best Affirms ‘A’ (Excellent) Rating of Societa Cattolica di Assicurazione
Jan 16 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Italy’s Societa Cattolica di Assicurazione Coop a RL (Cattolica) with a “stable” outlook. “The rating reflects the...
A.M. Best Affirms FSR of Travelers
Jan 15 2003 // A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Travelers Property Casualty Pool (Hartford, Conn.). The rating applies to the 20-member pool, led by Travelers Indemnity Company, and two...
A.M. Best to Close Toronto Office, Consolidate Canadian Operations in U.S.
Jan 13 2003 // A.M. Best Co. announced that it will consolidate all Canadian operations previously conducted by its Toronto office into its corporate headquarters in Oldwick, New Jersey in what it termed an effort to “streamline...
A.M. Best Affirms SCOR ‘A-‘ (Excellent) Rating
Jan 10 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of France’s SCOR and its guaranteed subsidiaries, removing them from “under review” status, and has assigned a...
A.M. Best Adds Utah to State Rate Filings
Jan 7 2003 // A.M. Best Co. announced that it will add the state of Utah to its monthly publication of Best’s State Rate Filings. The publication helps professionals track and monitor insurance company rate-filing activity in key...
A.M. Best Affirms Ratings of AGF, Groupama
Dec 24 2002 // A.M. Best Co. has affirmed its “Superior” ratings on two of France’s largest general insurers. Yesterday it confirmed the A++ (Superior) rating of Assurances Generales de France (AGF), but kept it under...
21st Century Says A.M. Best Reaffirmed Ratings
Dec 24 2002 // 21st Century Holding Company, a vertically integrated financial services holding company headquartered in Plantation, Fla, announced today that AM Best reaffirmed ratings for Federated National Insurance Company (rated...
A.M. Best Affirms GCNA ‘A’ (Excellent) Rating, Upgrades U.S. Sub to ‘A-‘
Dec 20 2002 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of The Guarantee Company of North America, based in Montreal, and has upgraded the financial strength rating to A- (Excellent) from B+ (Very Good)...
Ratings Agencies Scrutinize TIG, Ranger and Other Fairfax Cos.
Dec 18 2002 // Fitch Ratings and A.M. Best both initiated rating actions on Fairfax Financial Holdings Inc. (Fairfax) and its subsidiaries, including TIG Insurance Group—Dallas, Ranger Insurance Group, and Commonwealth Insurance...
A.M. Best Affirms Zurich Financial Services ‘A’ (Excellent) Ratings
Dec 18 2002 // A.M. Best Co. has affirmed the A (Excellent) financial strength ratings of the Zurich Financial Services Group (ZFS) and its core operating subsidiaries. It also affirmed its “a” and “a-” ratings on...
A.M. Best Lowers Rating of Steamship Mutual
Dec 16 2002 // A.M. Best Co. announced that it has lowered the financial strength rating to A- (Excellent) from A (Excellent) of The Steamship Mutual Underwriting Association (Bermuda) Limited, and changed its outlook from negative to...
Unitrin Downgraded by A.M. Best
Dec 16 2002 // A.M. Best Co. downgraded the financial strength ratings of Dallas-based Unitrin Property and Casualty Insurance Group (Unitrin) to “A” (Excellent) from “A+” (Superior) and removed them from under...
Unitrin Downgraded by A.M. Best
Dec 16 2002 // A.M. Best Co. downgraded the financial strength ratings of Dallas-based Unitrin Property and Casualty Insurance Group (Unitrin) to “A” (Excellent) from “A+” (Superior) and removed them from under...
