Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
The St. Paul’s Affirmed
Jan 14 2002 // A.M. Best Co. affirmed the “A+” FSR of The St. Paul Companies’ property/casualty subsidiaries and lowered the company’s long-term debt ratings. Senior debt has been lowered from “a+” to...
A.M. Best Affirms Lloyd’s
Jan 14 2002 // A.M. Best Co. affirmed the “A-” rating of the Lloyd’s market and has removed the “under review” status of the rating, which was applied in the aftermath of the terrorist attacks in the U.S. on...
The St. Paul’s Affirmed
Jan 14 2002 // A.M. Best Co. affirmed the “A+” FSR of The St. Paul Companies’ property/casualty subsidiaries and lowered the company’s long-term debt ratings. Senior debt has been lowered from “a+” to...
A.M. Best Affirms Cornhill’s ‘A++’ (Superior) Rating
Jan 11 2002 // A.M. Best announced that it has affirmed the A++ (Superior) financial strength rating of Cornhill Insurance PLC, London, the principal U.K. subsidiary of Germany’s Allianz AG. Best’s statement noted...
A.M. Best Gives Goshawk Re A- (Excellent) Rating
Jan 4 2002 // A.M. Best Co. assigned an initial financial strength rating of A- (Excellent) to Goshawk Reinsurance Limited (Goshawk Re), the recently established Bermuda-based subsidiary of the U.K.’s Goshawk Insurance Holdings...
A.M. Best Assigns A- (Excellent) Rating to World-Wide Reassurance
Dec 31 2001 // A.M. Best Co. assigned an A- (Excellent) initial financial strength rating to World-Wide Reassurance Company Ltd. (WWR), U.K., which is being acquired by an offshore subsidiary of Scottish Annuity and Life. ” The...
A.M. Best Assigns ‘A-‘(Excellent) Rating to Danish Re, Lloyd’s Syndicate 1400
Dec 28 2001 // A.M. Best Co. has assigned an indicative financial strength rating of A- (Excellent) to Danish Re Bermuda Ltd., “a global reinsurer which underwrites at Lloyd’s as an Integrated Lloyd’s Vehicle and...
TIG Downgraded, C&F Affirmed
Dec 24 2001 // A.M. Best Co. downgraded the financial strength rating of TIG Insurance Group, Irving, Texas, from “A-” (Excellent) to “B++” (Very Good), affirmed the “A-” (Excellent) rating of Crum and...
A.M. Best Assigns AWAC an ‘A+ (Superior)’ Rating
Dec 20 2001 // A.M. Best has assigned an initial financial strength rating of A+ (Superior) to Bermuda-based Allied World Assurance Company Ltd. (AWAC), the insurer formed in November by American International Group, Chubb Insurance...
High Ratings for Allianz Debt by S&P, A.M. Best
Dec 19 2001 // Standard & Poor’s and A.M. Best have both given high ratings to new debt issues from Germany’s Allianz Group. S&P assigned its ‘A-1’-plus short-term debt rating to Allianz Finance...
A.M. Best Affirms Lloyd’s ‘A-‘ Rating, Removes from Review
Dec 18 2001 // A.M. Best announced that it has affirmed Lloyd’s “A- (Excellent) rating and has removed the “under review” status of its rating, which it applied shortly after the September 11 attacks. Best...
TIG Downgraded, C&F Affirmed
Dec 17 2001 // A.M. Best Co. downgraded the financial strength rating of TIG Insurance Group, Irving, Texas, from “A-” (Excellent) to “B++” (Very Good), affirmed the “A-” (Excellent) rating of Crum and...
AXIS Specialty Receives A- From A.M. Best
Dec 17 2001 // AXIS Specialty Ltd., the Bermuda-based insurer created by broker Marsh & McLennan Cos. Inc., announced it received an “A-” (Excellent) rating from A.M. Best. AXIS Specialty CEO and president John Charman...
S&P, A.M. Best Affirm ACE Group Ratings
Dec 13 2001 // Following up its previous announcement (See IJ Website Dec. 5) Standard & Poor’s reaffirmed its mostly single-‘A’-minus ratings on the ACE Group of companies, while A.M. Best affirmed its A+...
A.M. Best Rates Arch Re ‘A- (Excellent)’
Dec 7 2001 // A.M. Best assigned an initial financial strength rating of “A- (Excellent)” to Arch Reinsurance Limited, the company established in Bermuda by Arch Capital Group and several private investment funds, and a...
A.M. Best Rates AXIS Specialty ‘A-‘ ( Excellent)
Dec 6 2001 // A.M. Best assigned an initial financial strength rating of “A- (Excellent)” to AXIS Specialty Ltd., the newly formed Bermuda-based insurance company backed by MarshMac’s MMC investment unit, Trident II,...
A.M. Best Rates Da Vinci Re
Dec 3 2001 // A.M. Best Co. has assigned an “A” (Excellent) financial strength rating to Da Vinci Reinsurance Ltd., Bermuda, a strategic joint venture formed by Renaissance Reinsurance Ltd. and State Farm Mutual Insurance...
SAFECO Rating Affirmed
Nov 21 2001 // Following Seattle-based SAFECO’s announced loss reserve strengthening and subsequent discussions with management, A.M. Best Co. has affirmed the financial strength rating of A (Excellent) for the property/casualty...
A.M. Best Downgrades Highlands Group
Nov 20 2001 // A.M. Best announced that it has downgraded the financial strength rating of the Highlands Insurance Group of Lawrenceville New Jersey from ‘B’ (Fair) to ‘C’ (Weak), reflecting its “weak...
A.M. Best Releases Country Risk Reports on Korea, Mexico
Nov 16 2001 // A.M. Best has released country risk reports covering the economic and risk factors for the markets in Korea and Mexico, focusing on the insurance sectors in both countries. The report notes that Korea has been especially...
