Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Upgrades Ratings of Wisconsin’s Rural Mutual Insurance
Jun 12 2018 // A.M. Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating to “aa-” from “a+” of Rural Mutual Insurance Co. (Rural Mutual) in...
A.M. Best Assigns Credit Ratings to Delaware’s Auto-Owners Specialty Insurance
Jun 11 2018 // A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Auto-Owners Specialty Insurance Company (AOSIC) of Dover, Del. The outlook assigned to these ratings is...
A.M. Best: Outlooks Negative for National Lloyds, American Summit Insurance
Jun 8 2018 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of National Lloyds...
Cyber Market Grew 32% But Small-Medium Firms Opted Out
Jun 4 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year-over-year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
A.M. Best Upgrades Rating of Wisconsin’s West Bend Mutual Insurance
Jun 1 2018 // A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of West Bend Mutual Insurance Co. in West...
Caribbean Insurers Well-Capitalized Despite 2017 Hurricane Losses: A.M. Best
Jun 1 2018 // An analysis of A.M. Best-rated property/casualty insurers based in the Caribbean reveals that hurricanes Irma and Maria were mainly earnings events, and that the responsiveness of reinsurers allowed these insurers to...
Outlooks Revised to Positive for Arkansas’ Kinsale Insurance
May 31 2018 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Kinsale Insurance...
A.M. Best Upgrades Ratings of Texas’ Spartan Insurance
May 29 2018 // A.M. Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from “bbb+” of Spartan Insurance Company (Spartan) in Pearland,...
How Data Privacy Laws Could Hamper Insurance Underwriting
May 24 2018 // Complying with the European Union’s new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting quality, A.M. Best...
A.M. Best Assigns Credit Ratings to Wisconsin’s CM Select Insurance
May 23 2018 // A.M. Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (ICR) of “a” to Wisconsin-based CM Select Insurance Co. (CM Select), a wholly owned subsidiary of...
U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best
May 21 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year over year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
A.M. Best Assigns Stable Outlook to Germany’s Non-Life Insurance Sector
May 17 2018 // A.M. Best has a stable outlook on the German non-life insurance sector as Germany’s robust economy continues to drive growth. According to the ratings agency, the country’s technical profitability is solid and...
A.M. Best: Outlooks Revised to Positive for Benchmark Insurance
May 16 2018 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Benchmark Insurance Co. (Benchmark) in...
Munich Re Repurposes Bermuda Operation
May 14 2018 // Munch Reinsurance Co. has repurposed a Bermuda unit that was authorized for property/casualty business into a reinsurer for its U.S. life reinsurance business. The unit, Munich Re Bermuda, was formerly named Princeton...
A.M. Best Revises Credit Rating Outlook of Builders Mutual Companies of North Carolina
May 14 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 A (Excellent) and Long-Term ICR of “a” of...
A.M. Best Ratings Recap
May 7 2018 // Upgrade: Nodak Insurance A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Nodak...
A.M. Best Affirms Excellent Rating, Revises Outlook to Negative for CMIC Group
May 3 2018 // A.M. Best has affirmed its financial strength rating of A- (Excellent) and its long-term issuer credit ratings of “a-” while revising its outlook to negative from stable for Glastonbury, Conn.-based Connecticut...
A.M. Best Upgrades Issuer Credit Rating of Illinois Casualty
May 1 2018 // A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Illinois Casualty Co. (Illinois...
A.M. Best Downgrades Credit Ratings of Florida-Based MedMal Direct Insurance
Apr 23 2018 // A.M. Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb-” from “bbb” of MedMal Direct Insurance Co., headquartered in...
Ratings Outlooks Revised to Positive for Michigan’s AmeriTrust Insurance Group
Apr 20 2018 // Ratings agency A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” for the...
