Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Zurich Downgraded
Sep 30 2002 // A.M. Best Co. downgraded the financial strength rating of Zurich Financial Services (ZFS) and its core operating subsidiaries to “A” from “A+.” A.M. Best has also downgraded the ratings on debt...
Zurich Downgraded
Sep 30 2002 // A.M. Best Co. downgraded the financial strength rating of Zurich Financial Services and its core operating subsidiaries to “A” from “A+.” A.M. Best has also downgraded the ratings on debt issued or...
Royal & Sun Alliance Ratings Lowered
Sep 30 2002 // A.M. Best Co. lowered the financial strength rating to “A-” from “A” of Royal & Sun Alliance Insurance Group plc (R&SA), U.K., and its core subsidiaries. Concurrently, it downgraded the...
A.M. Best Affirms SCOR’s ‘A’ (Excellent) Ratings
Sep 27 2002 // A.M. Best announced that it has affirmed the “A (Excellent)” financial strength rating of France’s SCOR Group with a stable outlook. “The affirmation reflects SCOR’s maintenance of excellent...
A.M. Best Affirms Allianz ‘A++’ (Superior) Ratings, Puts U.S. Subs “Under Review”
Sep 23 2002 // A.M. Best Co. announced that while it has affirmed the financial strength rating of A++ (Superior) of Allianz Ag and its core entities, it has assigned them a “negative outlook,” and has placed Allianz’...
A.M. Best Affirms Hiscox ‘A-‘ (Excellent) Rating
Sep 19 2002 // A.M. Best Co. announced that it has affirmed the A- (Excellent) financial strength rating of the U.K.’s Hiscox Insurance Company Limited (Hisco) with a stable outlook. The London-based insurer, a wholly owned...
A.M. Best Affirms Zenith National Ratings
Sep 17 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Zenith National Insurance Group of Woodland Hills, Calif. The financial strength rating applies to three intercompany pool members and is based...
CSG Under Review
Sep 2 2002 // A.M. Best Co. placed the financial strength ratings (FSR) of the insurance subsidiaries operating within Combined Specialty Group Inc. (CSG) under review with negative implications. The rating action follows Aon...
OneBeacon Affirmed
Sep 2 2002 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) of the insurance subsidiaries of OneBeacon Insurance Group. A.M. Best also affirmed the indicative shelf registration ratings for Fund...
A.M. Best Confirms Utah’s Workers’ Comp Fund Rating
Aug 29 2002 // A.M. Best Co. has reaffirmed Salt Lake City, Utah-based Workers Compensation Fund (WCF)’s ‘A-minus’ (excellent) rating. According to A.M. Best, WCF’s ‘A-minus rating’ reflects the mutual...
A.M. Best Assigns Debt Rating to $300M of Hartford Financial Senior Notes
Aug 28 2002 // A.M. Best Co. has assigned an “a+” rating to the $300 million 4.7% senior notes due 2007 issued by Hartford Financial Services Group, Inc. Proceeds from the notes will be used to retire the $300 million of...
FSA Fines R&SA $2 Million; A.M. Best Lowers Ratings to ‘A-‘ (Excellent)
Aug 28 2002 // The U.K.’s Financial Services Authority (FSA) levied fines totaling £1.35 million ($2.05 million) against Royal & Sun Alliance for failing to implement appropriate procedures to reimburse thousands of pension...
A.M. Best Affirms Lloyd’s ‘A-‘ (Excellent) Ratings
Aug 28 2002 // A.M. Best announced that it has affirmed the financial strength rating of A- (Excellent) of the Lloyd’s market with a stable outlook. “The affirmation reflects Lloyd’s excellent business profile,...
A.M. Best Assigns Debt Rating to SAFECO’s New Senior Notes
Aug 26 2002 // A.M. Best Co. has assigned a “bbb+” rating to the $375 million 7.25 percent 10-year senior unsecured notes issued by Seattle-based SAFECO. The securities were issued under SAFECO’s $900 million shelf...
The St. Paul FSR Lowered
Aug 24 2002 // A.M. Best Co. has downgraded the financial strength rating to “A” (Excellent) from “A+” (Superior) of The St. Paul Companies Inc.’s, St. Paul, Minn., p/c subsidiaries and its senior debt...
A.M. Best Affirms Hannover Re ‘A+’ (Superior) Ratings
Aug 21 2002 // A.M. Best announced that it has affirmed its A+ (Superior) financial strength ratings for Hannover Ruckversicherungs AG and other entities of the German-based reinsurer, but maintains a “negative...
A.M. Best Affirms Rating of National Indemnity Group
Aug 20 2002 // A.M. Best Co. has affirmed the group financial strength rating of A++ (Superior) of National Indemnity Group (NIG). The rating reflects the group’s extraordinary capitalization and balance sheet liquidity, superior...
A.M. Best Downgrades Rating for Optimum General’s Subsidiaries
Aug 19 2002 // A.M. Best Co. has downgraded the financial strength rating to C++ (Marginal) from B (Fair) of the property/casualty subsidiaries of Optimum General Inc. The subsidiaries include: Optimum Farm Insurance, Optimum Insurance...
A.M. Best Assigns Rating to XL Capital Ltd Preferred Shares
Aug 15 2002 // A.M. Best Co. has assigned an “a-” rating to Bermuda-based XL Capital Ltd.’s pending issue of 8,000,000 of 8.0 percent Series A preference ordinary shares, which may be increased by 1,200,000 if the over...
A.M. Best Places Ratings for Combined Specialty Group under Review
Aug 13 2002 // A.M. Best Co. has placed the financial strength ratings of the insurance subsidiaries operating within Combined Specialty Group, Inc. (CSG) under review with negative implications. The rating action follows Aon...
