Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Ratings Recap: Auto Club (Michigan), Atlas Financial, Merced Mutual, ING US (Notes), PEMCO
Feb 8 2013 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit ratings (ICR) to “a-” from “a” of Auto Club...
Penn.-Based GUARD Insurance Group Gets Ratings Boost From A.M. Best
Jan 25 2013 // A.M. Best Co. upgraded ratings of Wilkes-Barre, Penn.-based GUARD Insurance Group and its member subsidiaries, citing favorable business operations as well as the implicit and explicit financial support provided by their...
A.M. Best Upgrades Issuer Credit Ratings of Vermont Mutual Insurance
Jan 21 2013 // A. M. Best Co. said it has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of Vermont Mutual Insurance Company and its two fully...
Ratings: Southern General/GreenStar, Fairfield, Community Mutual, Wisconsin County
Jan 18 2013 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B’ (Fair) from ‘B++’ (Good) and the issuer credit ratings (ICR) to “bb+” from “bbb” of Southern General...
A.M. Best Withdraws Ratings of Community Mutual Insurance Co. in N.Y.
Jan 17 2013 // Insurance ratings agency A.M. Best Co. said it has downgraded the financial strength rating to C (Weak) from C+ (Marginal) and the issuer credit rating to “ccc” from “b-” of Community Mutual...
Ratings Roundup: NEWGT Re, Ability Re, RoyalStar (RSA)
Jan 16 2013 // A.M. Best Asia-Pacific Limited has assigned a financial strength rating of ‘A’- (Excellent) and issuer credit rating of “a-” to Bermuda-based NEWGT Reinsurance Company, Ltd. Best said the ratings...
Ratings Recap: ASSA/Lion Re, Local Tapiola, Liffey Re, Del Istmo, QBE Del Istmo
Jan 11 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Panama City-based ASSA Compania de Seguros, S.A. (ASSA), as well as the FSR...
A.M. Best Upgrades Ratings of Minnesota’s Austin Mutual Insurance
Jan 10 2013 // A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from B (Fair) and the issuer credit rating to “a+” from “bb+” of Austin Mutual Insurance Co. (Austin) in Maple Grove, Minn....
Ratings: Aviva (Subs), Flagstone Re Africa, Arig, Salama, Bahrain Nat’l., BEST RE
Dec 20 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of several European insurance subsidiaries of...
Asbestos Loss Estimate Now at $85 Billion: A.M. Best
Dec 19 2012 // Insurance rating firm A.M. Best this week raised to $85 billion its estimate for losses that U.S. property and casualty insurers can ultimately expect from lawsuits brought by victims of asbestos exposure. Best, the major...
Ratings Recap: Jordan Plc, Builders Re S.A., Sava Re, Allianz (Notes)
Dec 17 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating of “bbb+” of Jordan Insurance Company Plc (JIC), both with stable...
Ratings Recap: Transsib Re, First General, Arab Re, TUCI
Dec 13 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B’ (Fair) and issuer credit rating of “bb+” of Russia’s OJSC Transsiberian Reinsurance Corporation...
Ratings Recap: Zurich America, Prism, FAIRCO, American Standard
Nov 30 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Illinois-based Zurich American Insurance Company (Zurich US) and its...
Ratings Recap: Mansard, Custodian & Allied, Ability Re, TATIL
Nov 30 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B’ (Fair) and issuer credit rating of “bb+” of Nigeria’s Mansard Insurance Plc, both with stable...
Ratings Recap: Standard Casualty, Principal Financial, NAICO
Nov 16 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer crediting rating “a-” of Texas-based Standard Casualty Company, both with stable outlooks. Best explained that...
Ratings Recap: Talanx Re, Nissan Global, Harmony, JEVCO
Nov 16 2012 // A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Talanx Reinsurance (Ireland) Ltd., both with stable...
A.M. Best: Outlook Positive for Oklahoma’s National American Insurance Co.
Nov 14 2012 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb+” of National American Insurance Co. (NAICO) in Chandler,...
Pricing Improved in 2011 But Workers’ Compensation Still Challenged: A.M. Best
Nov 13 2012 // The troubled workers’ compensation line of business got a break in 2011 as employment and payrolls stabilized and overall net premiums written increased by 10 percent, according to an A.M. Best report. However, A.M....
P/C Insurers Can Handle Sandy Losses: A.M. Best
Nov 5 2012 // Ratings analysts at A.M. Best Co. said it is likely that the brunt of Hurricane Sandy’s financial impact will fall on the National Flood Insurance Program (NFIP), which is responsible for almost all flood coverage in...
A.M. Best Places Ratings of Meadowbrook Insurance Group Under Review
Oct 25 2012 // A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the subsidiaries of Meadowbrook Insurance Group...
