Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
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...
A.M. Best Assigns ‘A-‘ (Excellent) Rating to Aspen Insurance Limited
Dec 13 2002 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) with a positive outlook, to reinsurer Aspen Insurance Limited, a subsidiary of Aspen Insurance Holdings (AIH), a Bermuda-registered holding...
PIIAI Issues Market Share Reports for 2001
Dec 13 2002 // The Professional Independent Insurance Agents of Illinois (PIIAI) has put together a synopsis, based on A.M. Best’s analysis of state by state reports for commercial lines, personal lines, personal auto, and...
A.M. Best Affirms Rating of Hang Seng Insurance Company
Dec 12 2002 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Hong Kong- based Hang Seng Insurance Company Limited with a “stable” outlook. “The current rating reflects the company’s...
A.M. Best Affirms Munich Re’s ‘A++’ (Superior) Rating
Dec 9 2002 // A.M. Best Co. has affirmed the ‘A++’ (Superior) financial strength ratings of Munich Re and its core subsidiaries with a negative outlook. Best, however downgraded Munich Re’s 1.115 billion Euro ($1.126...
A.M. Best Assigns A- (Excellent) Rating to CEA
Dec 9 2002 // A.M. Best Co. has assigned an initial Financial Strength Rating of A- (Excellent) to the California Earthquake Authority. The rating reflects the unique role the CEA serves in ensuring that insurance coverage for losses...
A.M. Best Affirms Swiss Re A++ (Superior) Financial Ratings, Downgrades Debt Ratings with Negative Outlook
Dec 6 2002 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of Swiss Reinsurance Company (Swiss Re) and its core subsidiaries with a negative outlook. At the same time, however, the rating agency announced...
A.M. Best Affirms Ratings of SAFECO Subsidiaries
Dec 5 2002 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of SAFECO Corporation’s (Seattle) property/casualty and life/health insurance subsidiaries. A.M. Best has also affirmed the...
A.M. Best Affirms ‘A+ (Superior) Rating of HDI and Hannover Re
Dec 5 2002 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Hannover Ruckversicherung AG (Hannover Re) and its parent company Haftpflichtverband der Deutschen Industrie V.a.G. (HDI) as well as HDI...
A.M. Best Places Ratings of Kingsway Under Review
Nov 28 2002 // A.M. Best Co. announced that it has placed the financial strength ratings of the insurance subsidiaries of Ontario-based Kingsway Financial Services Inc., and the senior unsecured debt rating of “bbb” on its...
