Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
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...
A.M. Best Foresees Asbestos, Environmental Losses
Nov 12 2001 // A.M. Best Co. expects the property/casualty industry to incur upwards of $121 billion in net asbestos and environmental losses, according to the company’s special report, “Final Data Support A.M. Best’s...
Hardening Market Heralds Rush to Alternatives
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
A.M. Best Maintains Negative Outlook on SAFECO’s P/C Subsidiaries
Oct 25 2001 // In response to SAFECO’s recently announced loss reserve strengthening, A.M. Best Co. continues to maintain a negative outlook on the property/casualty operations’ financial strength rating of...
A.M. Best Provides Transcript for 10/02 Conference Call: State of the Insurance Industry and Rating
Oct 8 2001 // The long-term implications of the September 11 terrorist attacks for the insurance industry “will likely be far greater than the ultimate sum of the paid losses,” said Larry Mayewski, A.M. Best Co.’s...
A.M. Best Places Shelter Re’s Rating Under Review
Oct 4 2001 // A.M. Best Co. has placed the financial strength rating of “A-” for Shelter Reinsurance Co., Columbia, Mo., under review with negative implications. This rating action is based on several factors that have...
A.M. Best Places MIIX Group Under Review
Oct 3 2001 // A.M. Best’s ratings agency has placed the A- (Excellent) financial strength rating of New Jersey-based MIIX Group under review with negative implications following the company’s announcement that Richard...
A.M. Best Issues Comment and Rating Implications of Sept. 11 Attacks
Oct 2 2001 // Since the morning of Sept. 11, A.M. Best Co. has been gathering public and private information in order to assess the financial impact as well as the nuances of insurance coverage associated with the tragic attacks. To...
A.M. Best Announces Rating Actions
Sep 25 2001 // A.M. Best announced a series of rating decisions affecting companies in the U.S., Europe and Canada. On a positive note it affirmed the A+ (Superior) rating of the Swiss Group Winterthur and the A-(Excellent ) ratings for...
A.M. Best Expects Industry Losses to Exceed
Sep 24 2001 // Billion Although it is still too early to predict the financial impact of Sept. 11’s tragic events, A.M. Best Company stated last week that insurance industry losses are likely to exceed $30 billion, making this the...
Trenwick Group Under Review
Sep 24 2001 // A.M. Best Co. has placed the FSR of “A” for the Trenwick Group, Bermuda, under review with negative implications. Additionally, A.M. Best has placed all related debt ratings under review with negative...
