Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Debt Ratings Assigned for American Financial Group
Jun 25 2002 // A.M. Best Co. assigned initial debt ratings to the existing debt of Cincinnati-Ohio-based American Financial Group Inc. Included is the assignment of a “bbb” to American Financial Group Inc.’s senior...
A.M. Best Affirms FM Global
Jun 24 2002 // A.M. Best affirmed insurer FM Global’s rating of “A+,” but placed a negative outlook on the rating. Factors affecting the rating action included the group’s solid capitalization, prominent market...
The St. Paul FSR Lowered
Jun 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 FM Global
Jun 24 2002 // A.M. Best affirmed insurer FM Global’s rating of “A+,” but placed a negative outlook on the rating. Factors affecting the rating action included the group’s solid capitalization, prominent market...
Debt Ratings Assigned for American Financial Group
Jun 21 2002 // A.M. Best Co. assigned initial debt ratings to the existing debt of Cincinnati-Ohio-based American Financial Group Inc. Included is the assignment of a “bbb” to American Financial Group Inc.’s senior...
A.M. Best Affirms ‘A-‘ Rating of KEMI
Jun 21 2002 // A.M. Best has affirmed a rating of “A-” for Kentucky Employers’ Mutual Insurance (KEMI), a Lexington-based provider of workers’ compensation insurance throughout the state. A.M. Best attributed the...
A.M. Best Continues Review Status on Tryg-Baltica
Jun 20 2002 // A.M. Best Co. announced that it will maintain the “under review status” with developing implications of its A- (Excellent) financial strength rating on Tryg-Baltica Insurance, International Insurance Company...
A.M. Best Reports P/C Insolvencies Trends Continued in 2001
Jun 20 2002 // Thirty property/casualty insurers were declared insolvent in 2001, according to the special report, “P/C Industry—2001 Insolvencies,” just issued by A.M. Best Co. The same number of companies became...
A.M. Best Raises Ratings, Assigns New Group Rating for AFG’s Specialty Auto Companies
Jun 19 2002 // A.M. Best Co. has raised the financial strength ratings to A (Excellent) from A- (Excellent) for some of the core auto subsidiaries of Ohio-based American Financial Group, Inc. Additionally, A.M. Best assigned a financial...
A.M. Best Affirms ‘A’ (Excellent) Rating of Macau Insurance Co. Ltd.
Jun 18 2002 // A.M. Best Co. announced that it has affirmed the A (Excellent) financial strength rating of Macau Insurance Company Limited, a general insurer headquartered in the former Portugese enclave of Macau, which is now part of...
A.M. Best Raises American Contractors
Jun 13 2002 // A.M. Best has raised Dallas-based American Contractors Insurance Group’s (ACIG) financial strength rating from “A-” to “A.” A.M. Best based the rating on the financial condition and...
A.M. Best Affirms ‘A-‘ Rating for Comercial America
Jun 12 2002 // A.M. Best Co. affirmed an “A-” financial strength rating for Comercial America Insurance Company, a Houston-based unit of ING’s Mexican insurer, ING Comercial America S.A. de C.V. Comercial focuses on the...
A.M. Best Lowers Ratings on AXA’s Corporate Solutions Units
Jun 10 2002 // A.M. Best announced that it has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of the members of the France’s AXA Group Corporate Solutions units (AXACS). Best’s bulletin cited...
A.M. Best to Present E-Fusion Award
Jun 7 2002 // A.M. Best Co. will present the E-Fusion Award, designed to highlight outstanding, resourceful uses of Internet technology by an insurance organization, during its Annual Insurance & Technology Conference,...
A.M. Best Downgrades OPL to ‘B++’ (Very Good)
Jun 3 2002 // A.M. Best announced that it has downgraded the financial strength rating to B++ (Very Good) from A (Excellent) of Overseas Partners Ltd. (OPL) Bermuda, and removed the company from under review. It indicated that the...
A.M. Best Affirms FM Global Rating
May 31 2002 // A.M. Best has affirmed insurer FM Global’s A+ (superior) rating due to “the group’s superior capitalization, prominent market position within the commercial property market and the long- term benefits to...
A.M. Best Publishes Rating Methodology for Single-Parent Captive Companies
May 13 2002 // In order to address the continuing development and expanding growth of the captive market, A.M. Best has published rating methodology specific to single-parent captive insurance companies. A.M. Best’s analysts...
State Fund Withdraws from Best’s Rating Process
May 13 2002 // “In essence, we’d like to assure all of our policyholders that we are solvent, that we’re still financially strong,” said Jim Zelinski, spokesperson for California State Compensation Insurance Fund,...
A.M. Best Downgrades Horace Mann Ratings
May 10 2002 // A.M. Best Co. has assigned an initial debt rating of “bbb+” to Horace Mann Educators Corporation’s Springfield, Ill., existing $100 million senior notes due 2006. In addition, A.M. Best assigned a...
A.M. Best Moves Rating of Caliber One to Review
May 7 2002 // A.M. Best Co. has placed the financial strength rating of A (Excellent) for Caliber One Indemnity Company, Wilmington, Del., under review with negative implications. The rating action follows the May 1, earnings release of...
