Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Cancels, Reschedules Annual E-Fusion Information & Technology Conference September 21, 20
Sep 21 2001 // A.M. Best Co. announced that its conference, “E-Fusion: Finding the E-Payoff,” originally set for Oct. 21 to 23, 2001, has been rescheduled. The new date is Sept. 29 to Oct. 1, 2002, at the J.W. Marriott hotel...
A.M. Best Releases 6-Month Property/Casualty Results
Sep 11 2001 // The property/casualty insurance industry saw its worst second-quarter catastrophe losses in history in the period ended June 30, 2001, according to the latest A.M. Best report. Best said that catastrophe losses more than...
Surplus Lines Market Shows Growth Despite Sluggish Economy
Sep 10 2001 // From all accounts, the surplus lines market is alive and well in the United States despite an economy which continues to sputter in many sectors. Numbers from the Surplus Line Association (SLA) of California,...
Lloyd’s Affirmed, Negative Outlook Removed
Sep 10 2001 // A.M. Best Co. has affirmed the “A” rating of Lloyd’s and removed its negative outlook. The negative outlook was affirmed June 28 to reflect A.M. Best’s concerns over the accelerating rate of...
A.M. Best Downgrades Fireman’s Fund
Aug 30 2001 // A.M. Best Co. downgraded the financial strength rating of “A++” (Superior) to “A” (Excellent) for Fireman’s Fund Insurance Companies (FFIC), Novato, California. A.M. Best indicated the rating...
A.M. Best Downgrades CNA Reinsurance Co. Rating
Aug 29 2001 // A.M. Best Co. downgraded the financial strength rating of CNA Reinsurance Co. Ltd., London, to “B+ ” (Very Good) from “A-” (Excellent). The company remains under review with developing...
Hardening Market Heralds Rush to Alternatives
Aug 20 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...
Swiss Re, Tokio Marine Conclude $450 Million Cat Swap
Aug 17 2001 // A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and removed its negative outlook. This negative outlook was affirmed on June 28, 2001to reflect A.M. Best’s concerns over the...
Utah Workers’ Comp Fund Gets ‘A-‘ from A.M. Best
Aug 17 2001 // A.M. Best Company reaffirmed Workers’ Compensation Fund’s “A-” rating. According to A.M. Best, the rating reflects the mutual insurance company’s excellent financial strength, strong reserving...
CGU Canada Receives Ratings
Aug 13 2001 // A.M. Best Co. assigned a FSR of “A” to CGU Insurance Company of Canada (CGU), Scarborough, Ontario, and Elite Insurance Co., Ontario, Canada. A.M. Best also assigned a FSR of “A-” to Scottish and...
Ohio Casualty Group Lowered
Aug 6 2001 // A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio...
Homeowners Premiums Rose Slightly in 2000, A.M. Best Study Says
Aug 1 2001 // Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according to a new A.M. Best Statistical Study. The top 10 writers of homeowners multiperil...
A.M. Best Co. Lowers Rating of Ohio Casualty Group
Jul 27 2001 // A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio...
A.M. Best Assigns Rating to NIAC and Affiliated Companies
Jul 26 2001 // A.M. Best Co. assigned an “A-” (Excellent) financial strength rating to Nonprofits’ Insurance Alliance of California (NIAC) and “B++” (Very Good) ratings to Alliance of Nonprofits for...
A.M. Best Lowers Rating of CNA Reinsurance
Jul 24 2001 // A.M. Best Co. lowered the “A” (Excellent) financial strength rating of CNA Reinsurance Co. Ltd., London, to “A-” (Excellent) and placed it under review with negative implications. According to A.M....
California Workers’ Comp Carriers See
Jul 16 2001 // Trying to operate in a shaky market, a pair of California workers’ compensation carriers have seen their ratings drop from “A” to “A-” following review by analysts at A.M. Best. Both...
A.M. Best Affirms Lloyd’s Rating
Jul 6 2001 // A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and its financial size category of XV. The rating continues to carry a negative outlook. According to A.M. Best, the affirmation of the rating...
A.M. Best Study Reports P/C Premiums Show Strong Growth, Earnings Remain Depressed During 1Q 2001 J
Jul 5 2001 // According to an A.M. Best Co. special-report excerpt published in the July 2 issue of BestWeek, property/casualty net premiums written showed the strongest growth since the tail end of the last hard market in the second...
A.M. Best Downgrades Stockton Re Ratings to B++
Jul 3 2001 // A.M. Best announced that it has downgraded the financial strength rating of Bermuda-based Stockton Reinsurance Ltd. from A- (Excellent) to B++ (Very Good) following a review of the reinsurer’s financial...
A.M. Best Offers New Analytical Model
Jul 3 2001 // A.M. Best Co. announced the introduction of a new analytical model that offers a common standard for worldwide insurance companies to assess and manage risk and capital demands. The A.M. Best Enterprise Risk Model, formed...
