Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Ratings Recap: Max America, Professionals Direct, Great Western, Seven Seas
Dec 23 2008 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Indiana-based Max America Insurance Company (MAIC) with a positive outlook on both....
My New Markets
Dec 21 2008 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Baby Products MarketScout:...
A.M. Best Restores Ratings of Insurers Tied to Florida Hurricane Fund
Dec 19 2008 // Following the completion of the 2008 hurricane season, A.M. Best Co. has removed from under review and affirmed several insurers’ ratings it had issued in October when there was concern over the insurers’...
Ratings: ANICO, Washington Casualty, Grain Dealers, Nat’l. Guaranty, Am. Physicians
Dec 19 2008 // Standard & Poor’s Ratings Services today said it lowered its counterparty credit and financial strength ratings on American National Insurance Co. (ANICO) and its core subsidiaries, American National Life...
Ratings: Imagine, New Castle Re, E+S Re, Ship Owners, Labuan Re, Dongbu, Lemma, Scandinavian
Dec 18 2008 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B+’ (Good) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “bbb-” from “a-” for the...
XL CEO Comments on S&P, A.M. Best Rating Actions
Dec 17 2008 // Bermuda-based XL Capital Ltd. has issued two separate comments following yesterday’s announcement by Standard & Poor’s Ratings that it has downgraded XL and its operating subsidiaries (See IJ web site...
Best Affirms Zurich Ratings; Revises Outlook to Stable
Dec 12 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a+” of Zurich Insurance Company (ZIC), the main operating company of Zurich Financial...
A.M. Best Lowers Outlook for The Hingham Group
Dec 12 2008 // The credit rating agency A.M. Best Co. has revised its outlook for Massachusetts-based The Hingham Group to negative from stable. Best also affirmed the financial strength rating of B+ (Good) and issuer credit ratings of...
AIG’s Lexington Loses Another Top Executive as Kelly Joins Ironshore
Dec 10 2008 // One day after it stole the long-time chief executive officer of giant surplus lines insurer Lexington Insurance Co., specialty insurer Ironshore Inc. announced that another former Lexington executive, Shaun Kelly, has been...
Ratings Recap: Phila. Consolid., AmCOMP, Medical Savings, Hospitals
Dec 8 2008 // A.M. Best Co. has withdrawn and assigned an “nr” to the issuer credit rating (ICR) of “a-” of Pennsylvania-based Philadelphia Consolidated Holding Corp. as a result of the recently completed...
Ratings Recap: Eureko, Steamship, QBE (Notes), SOLID
Dec 2 2008 // Standard & Poor’s Ratings Services has revised its outlook on Netherlands-based Eureko B.V. and related core subsidiaries to negative from stable. S&P also affirmed the ‘A-‘ long-term...
New Markets
Nov 30 2008 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Waste Haulers Market Detail: ELM Insurance...
A.M. Best Affirms Rating of The Republic Group Companies
Nov 21 2008 // The Republic Group (Republic) announced A.M. Best Company has affirmed the rating of “A-” (Excellent) for each of the group’s companies. In addition to affirming the group’s current financial...
Ratings: Travelers (UK), Bison, Dubai Islamic, Milli Re, Hang Seng, LIG
Nov 19 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of UK-based Travelers Insurance Company Limited (TIC). The outlook for both ratings...
New Markets
Nov 16 2008 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Employer Stop Loss Market Detail: Markel...
Best Affirms Sirius ‘A’ Ratings
Nov 3 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Sweden’s Sirius International Insurance Corporation with stable outlooks. The...
A.M. Best, Insurers Worry Financial Crisis Could Affect Florida’s Cat Fund
Nov 2 2008 // The Florida Hurricane Catastrophe Fund Advisory Council recently rattled the nerves of insurers when it presented its 2008 October bonding estimates. David Sampson, president of the Property Casualty Insurers Association...
Global Crisis Dominates A.M. Best’s London Conference
Nov 2 2008 // Execs Say Market Remains Attractive Even as Crisis Puts Pressure on Prices The by now all too familiar litany of the world’s financial woes took pride of place at A.M. Best’s conference in London on Oct. 15....
New Markets
Nov 2 2008 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Eliminate Forced Placed Coverage Market...
Exposure to Florida Catastrophe Fund Triggers A.M. Best Review
Oct 30 2008 // A.M. Best Co. says based on the credit market contraction and the uncertainty regarding the Florida Hurricane Catastrophe Fund’s ability to fund its claims-paying capacity, it placed several insurers’ ratings...
