Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Best Rates Ariel Re ‘A-‘
Nov 14 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Ariel Reinsurance Company Ltd. Best also assigned an...
Best Upgrades London General to ‘A-‘
Nov 7 2006 // A.M. Best Co. has upgraded the financial strength rating to “A-” (Excellent) from “B++” (Very Good) of the U.K.-based London General Insurance Company Limited (LGI) and Combined Life Assurance...
Best Rates Faraday Re ‘A++’
Nov 7 2006 // A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) and the issuer credit rating of “aa+” of U.K.-based Faraday Reinsurance Co. Limited, a subsidiary of Germany’s...
New Markets
Nov 6 2006 // New Construction, Remodelers, Owner/Developers Nuts & Bolts: Network E&S Insurance Brokers LLC has a new limited access Builder’s Risk/Contractors Equipment Program for both residential and commercial....
New Markets
Nov 6 2006 // Privacy and Security Coverage Enhancements Nuts & Bolts: Underwriting manager and claims administrator Euclid Managers LLC have a set of security and privacy coverage enhancements that can be endorsed onto any of the...
New Markets
Nov 5 2006 // High Value Homeowners Program Nuts & Bolts: Crawley Warren Insurance Services Inc. announced its new customized High Value Homeowners Program (HVH) for high net worth clients in California. This non-admitted product...
New Markets
Nov 5 2006 // New Construction, Remodelers, Owner/Developers Nuts & Bolts: Network E&S Insurance Brokers LLC has a new limited access Builder’s Risk/Contractors Equipment Program for both residential and commercial....
New Markets
Nov 5 2006 // Non-Profit Organization D&O Liability Nuts & Bolts: Arrowhead General Insurance Agency Inc. is offering a not-for-profit directors and officers program designed to insure small to medium IRS tax-exempt 501(c)3...
Agents Should be Unaffected by Pending Sale of Merchants Group
Nov 2 2006 // Merchants Group, Inc. in Buffalo, N.Y., which sells property casualty insurance through Merchants Insurance Co. of New Hampshire, has agreed to be bought by American European Group, Inc, a private insurance holding...
Aon Re Intercedes with A.M. Best for Lloyd’s Clients
Oct 25 2006 // Aon Re Global, the Chicago-based reinsurance broker, notes that it “recently facilitated communications between rating agency A.M. Best and Lloyd’s that resulted in a clarification of Best’s treatment of...
New Markets
Oct 23 2006 // Terrorism Insurance Nuts & Bolts: Hiscox USA, U.S. subsidiary of Hiscox plc, a provider of specialty insurance, is now providing terrorism insurance in the U.S. The coverage will be offered to brokers through Hiscox...
New Markets
Oct 23 2006 // Terrorism Insurance Nuts & Bolts: Hiscox USA is now providing terrorism insurance in the U.S., from the U.S. The coverage is being offered to brokers through Hiscox USA’s Armonk, New York headquarters. Hiscox...
New Markets
Oct 23 2006 // Corporate Identity Theft Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa., a member of American International Group Inc., released AIG Corporate Identity Protection, a new insurance policy...
News Currents
Oct 23 2006 // National Lloyds, American Summit to be acquired by ARC A.M. Best expects ratings to remain stable Affordable Residential Com-munities Inc. (ARC) of Englewood, Colo., announced it would buy Waco, Texas-based NLASCO Inc., a...
New Markets
Oct 23 2006 // Umbrella Reinsurance Nuts & Bolts: John B. Collins Associates Inc. has a national umbrella facility that provides up to $5 million in commercial and personal umbrella limits exclusively for Collins clients. It serves...
Best Puts Catlin ‘Under Review;’ Group Says ‘Concerns are Unwarranted’
Oct 20 2006 // A.M. Best Co. has placed the financial strength rating (FSR) of “A” (Excellent) and issuer credit rating (ICR) of “a” of the Bermuda-based Catlin Insurance Company Limited (CICL) under review with...
Converium to Sell No. American Operations to National Indemnity; S&P, A.M. Best Comment
Oct 18 2006 // Swiss-based reinsurer Converium AG has reached agreement with National Indemnity, a Berkshire Hathaway company, to sell its North American operations for $295 million comprised of $95 million in cash and $200 million in...
A.M. Best Expects National Lloyds, American Summit Ratings to Remain Stable After Acquisition
Oct 12 2006 // Commenting on the proposed acquisition of Waco, Texas-based National Lloyds Insurance Company and American Summit Insurance Company by Affordable Residential Communities Inc. of Englewood, Colo., A.M. Best Co. said it...
New Markets
Oct 9 2006 // Privacy and Security Coverage Enhancements Nuts & Bolts: Euclid Managers LLC developed a set of security and privacy coverage enhancements that can be endorsed onto any of the Euclid Managers’ Internet and tech...
New Markets
Oct 9 2006 // Liability Long Term Care Facilities Nuts & Bolts: Houston, Texas-based London American Risk Specialists Inc. is offering CareSurance, a new liability insurance program designed to meet the needs of skilled, assisted...
