Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
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...
A.M. Best Lowers Debt Ratings of Chubb
Nov 28 2002 // A.M. Best Co. has lowered the senior debt ratings of The Chubb Corporation, Chubb Capital Corporation and Chubb Executive Risk Inc. to “aa-” from “aa”. The debt issued by Chubb Capital and Chubb...
Unitrin Downgraded by A.M. Best
Nov 25 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...
W.R. Berkley Corp. Closes Public Offering, Subsidiaries Receive A.M. Best Rating
Nov 25 2002 // W. R. Berkley Corporation has closed its previously announced public offering of 4,715,000 shares of common stock. The number of shares sold includes 615,000 shares sold pursuant to the exercise of the underwriters’...
A.M. Best Lowers SCOR Group Ratings to A- (Excellent)
Nov 25 2002 // A.M. Best announced that it has lowered the financial strength rating of French reinsurer SCOR and its subsidiaries from A (Excellent) to A- (Excellent), and will keep all of the group’s ratings under review with...
A.M. Best Affirms Debt Ratings on CNA and Subsidiaries
Nov 22 2002 // A.M. Best Co. announced that it has affirmed various financial strength ratings on the wholly-owned insurance subsidiaries of CNA Financial Corporation, and the “bbb” debt rating on the parent’s existing...
A.M. Best Lowers Acceptance, American Growers Ratings, NYSE Suspends Shares
Nov 21 2002 // A.M. Best Co. announced that it has downgraded the financial strength ratings of Acceptance Insurance Companies Inc.’s two operating subsidiaries, American Growers Insurance Company of Lincoln, Nebraska, to...
A.M. Best Affirms Max Re ‘A-‘ (Excellent) Rating
Nov 19 2002 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Bermuda-based Max Re Ltd., a wholly owned subsidiary of Max Re Capital, with a stable outlook. Best’s report noted that...
A.M. Best: A&E Losses Increase in 2001, Reversing Two-Year Decline
Nov 11 2002 // The property/casualty industry is expected to ultimately incur more than $121 billion in net asbestos and environmental losses, according to the special report, “Largest Increase in A&E Losses to Date Seen in...
A.M. Best Affirms Rating of Royal & SunAlliance USA Pool
Nov 8 2002 // A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of The Royal & SunAlliance USA Insurance Pool (pool). The outlook remains negative. The U.S. operations are now regarded by A.M. Best as...
R&SA Reports Improved 9 Month Earnings; A.M. Best Affirms ‘A-‘ (Excellent) Rating
Nov 7 2002 // The U.K.’s Royal & Sun Alliance Insurance Group plc reported that the Group’s combined operating result was $739 million for the first nine months of 2002, compared to $482 million for the same period in...
Platinum Formally Operational, A.M. Best Assigns ‘A’ (Excellent) Rating
Nov 5 2002 // A.M. Best Co. announced that it has assigned an initial financial strength rating of ‘A ‘(Excellent) to the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings Ltd., the company formed by...
A.M. Best: A&E Losses Increase in 2001, Reversing Two-Year Decline
Nov 4 2002 // The property/casualty industry is expected to ultimately incur more than $121 billion in net asbestos and environmental losses, according to the special report, “Largest Increase in A&E Losses to Date Seen in...
A.M. Best Says Chubb Ratings Unaffected by Pretax Charge to Increase Revenues for 3rdQ Asbestos Liabilities
Oct 31 2002 // A.M. Best Co. stated the financial strength rating of A++ (Superior) of the Chubb Group of Insurance Companies, (NYSE: CB) (Warren, NJ), the “aa” senior debt ratings of The Chubb Corporation, Chubb Capital...
