Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best
Dec 2 2022 // Will 2023 reinsurance renewals mark a turning point to a “true hard market” that attracts “new capital in droves” and expands supply? Analysts from AM Best raised the question in a new Best’s...
AM Best Downgrades Credit Ratings of Minnesota’s RAM Mutual
Dec 1 2022 // AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of RAM Mutual Insurance...
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best
Nov 28 2022 // Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt. According to a market segment report from AM Best, the projected range...
U.S. Homeowners Line ‘Stable’ but Weather Events Present Uncertainty: AM Best
Oct 17 2022 // A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market segment report of the U.S. homeowners insurance market, calling it stable due to overall strong risk-adjusted...
AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021?
Oct 12 2022 // For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial results. According to AM...
Update: AM Best Says Tower Hill Prime Faces Surplus, Capital Problems
Oct 10 2022 // Editor’s note: This article was updated Oct. 16 to reflect additional information from Tower Hill Group and AM Best. The downgrade of one of Tower Hill’s insurance companies by AM Best financial rating firm,...
AM Best Lifts Negative Review Status, Affirms Credit Ratings of Aegis Security
Oct 6 2022 // AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of Aegis...
Amwins Receives Highest Score from AM Best DUAE Performance Assessment
Oct 6 2022 // Amwins is first to receive AM Best’s PA-1 score, reflecting the highest standards for underwriting excellence Charlotte, NC., October 06, 2022 — Amwins, a global distributor of specialty insurance products and...
U.S. Homeowners Line ‘Stable’ but Weather Events Present Uncertainty: AM Best
Oct 3 2022 // A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market segment report of the U.S. homeowners insurance market, calling it stable due to overall strong risk-adjusted...
AM Best Viewpoint: The Value of MGAs in a Hardening Market
Sep 20 2022 // The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of the volatile factors fueling a demand-side need for more specialized coverage approaches, which...
U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best
Sep 19 2022 // Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of...
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken
Sep 9 2022 // AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance in 2021, but headwinds such as inflation remain too strong and the rating agency revised its outlook for...
U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best
Sep 6 2022 // Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of...
Reinsurance Capital to Drop $40 Billion at Year-End 2022: AM Best
Sep 5 2022 // AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected 8.4% decline to $435...
AM Best Places Credit Ratings of American Reliable in Arizona Under Review
Sep 5 2022 // AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of American Reliable...
Reinsurance Capital To Drop $40 Billion at Year-End 2022: AM Best
Aug 22 2022 // AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected 8.4% decline to $435...
AM Best Places Credit Ratings of American Reliable in Arizona Under Review
Aug 22 2022 // AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of American Reliable...
AM Best Downgrades Credit Rating of Missouri’s Cameron Mutual
Aug 19 2022 // AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance...
U.S. Crop Writers Post Record Premium Growth: AM Best
Aug 15 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report. The new Best’s...
AM Best Revises Mid-Hudson Group Outlooks to Negative, Affirms Ratings
Aug 11 2022 // AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Claverack Cooperative...
