Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
ILS Market Could Bear 20% of Hurricanes Harvey, Irma, Marie Loss: A.M. Best
Sep 17 2018 // The insurance-linked securities (ILS) market potentially could bear up 20 percent of the insured losses generated by Hurricanes Harvey, Irma and Marie, according to an A.M. Best report. These three hurricanes during a...
ILS Market Could Bear 20% of Hurricanes Harvey, Irma, Marie Loss: A.M. Best
Sep 10 2018 // The insurance-linked securities (ILS) market potentially could bear up 20 percent of the insured losses generated by Hurricanes Harvey, Irma and Marie, according to an A.M. Best report. These three hurricanes during a...
Bermuda Market to Stay Key Reinsurance Hub Despite U.S. Tax Reform: A.M. Best
Sep 7 2018 // Bermuda will continue to be a key international hub for reinsurance despite being challenged in recent years, most recently by tax reform in the United States, which fundamentally changed how multinational entities are...
Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best
Sep 3 2018 // Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that...
A.M. Best Upgrades Ratings of PURE Group
Aug 31 2018 // A.M. Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” from “a-” for both members of the PURE Group of...
A.M. Best: Insurers Equipped to Handle Hurricane Lane Losses
Aug 29 2018 // A.M. Best is expecting Hurricane Lane to be considered more of a flood event than a wind event. As a result, the storm that buffeted Hawaii should bring a potential triggering of the National Flood Insurance...
UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report
Aug 21 2018 // In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit,...
A.M. Best Upgrades Ratings for Palisades Group, High Point Homeowners Group
Aug 20 2018 // Plymouth Rock Assurance has announced that A.M. Best Rating Services Inc. upgraded the financial strength ratings of the Palisades Group and High Point Homeowners Group to A- (Excellent). In addition, their long-term...
Best Revises Outlook for NITIC of South Carolina
Aug 20 2018 // A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the financial strength rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of...
Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best
Aug 17 2018 // Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that...
A.M. Best Upgrades Credit Ratings of Bunker Hill Insurance Group Members
Aug 13 2018 // A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to a- from bbb for the members of Bunker Hill Insurance Group. The...
A.M. Best: Credit Ratings of Indiana’s Yosemite Insurance Under Review
Aug 9 2018 // A.M. Best has placed under review with developing implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Yosemite Insurance Co. (Yosemite) in Evansville,...
Markel’s New German Insurer Rated ‘A’ by A.M. Best
Jul 27 2018 // Markel Corp. announced that its newly licensed German insurance company, Markel Insurance SE (MISE), has been given an “A” financial strength rating by A.M. Best. MISE has been established to meet the insurance...
A.M. Best Revises Outlooks to Negative for Wisconsin Municipal Mutual Insurance
Jul 26 2018 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for Wisconsin Municipal Mutual Insurance...
A.M. Best Assigns Credit Ratings to Clearwater Select Insurance Company
Jul 25 2018 // A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a+ to Clearwater Select Insurance Company, an insurance company based in Stamford, Conn., that specializes in...
Best Revises Outlook for National Independent Truckers Insurance of South Carolina
Jul 13 2018 // A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the financial strength rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of...
A.M. Best Downgrades Ratings of Pacific Specialty Insurance Group in California
Jul 12 2018 // A.M. Best has downgraded the Financial Strength Ratings to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” from “a” of Pacific Specialty Insurance Co. and Pacific...
A.M. Best Downgrades Ratings of Wisconsin County Mutual Group
Jul 12 2018 // A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from bbb+ and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Community Insurance Corp. and Wisconsin County...
A.M. Best Upgrades Credit Rating of Discovery Insurance of North Carolina
Jul 12 2018 // A.M. Best has upgraded the Long-Term Issuer Credit Rating to “bb+” from “bb” and affirmed the Financial Strength Rating of B (Fair) of Discovery Insurance Co. of Kinston, N.C. The outlook for these...
Credit Ratings Assigned to Texas’ Service American Indemnity Co.
Jul 6 2018 // A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Service American Indemnity Co., headquartered in Austin, Texas. The...
