Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Downgrades FSR for State Farm Florida Insurance Co., Removes from Under Review
Jun 15 2005 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) for State Farm Florida Insurance Company (State Farm Florida) (Winter Haven, Fla.). The rating has been removed from under...
Acuity’s ‘A+’ Rating Reaffirmed
May 31 2005 // In 2005, ACUITY’s Best Rating has again been reaffirmed as “A+” and A.M. Best considers them “superior” for capital strength. A.M. Best, the insurance industry’s largest and...
New Markets
May 23 2005 // Internet Basic Liability Policy for Small, Mid-Size Tech Firms Nuts & Bolts: St. Paul Travelers launched a basic Internet liability policy aimed at small to mid-size technology firms. Internet basic liability...
A.M. Best Downgrades Ford Insurance Subsidiary to ‘A-‘
May 11 2005 // Insurance ratings standard-bearer A.M. Best Co. has downgraded the financial strength rating to “A-” (excellent) from “A” (excellent) of Ford Motor Co. subsidiary the American Road Insurance Co.,...
A.M. Best Places GE Sub Under Review After Sale to Berkshire
May 8 2005 // Insurance ratings standard-bearer A.M. Best Co. placed the financial strength rating of “A-” (excellent) of the Fort Wayne, Ind.-based Medical Protective Co. under review with developing implications. This...
Best Affirms Ratings for St. Paul Travelers Insurance Company Ltd.
May 6 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and assigned an issuer credit rating of “a” to St. Paul Travelers Insurance Company Limited (St. Paul) (United Kingdom). Both ratings...
Best Downgrades Issuer Credit Ratings of Transatlantic; Ratings Placed Under Review with Negative Implications
May 5 2005 // A.M. Best Co. has downgraded the issuer credit ratings to “aa-” from “aa” of Transatlantic Reinsurance Company, Putnam Reinsurance Company (both of New York, N.Y.) and Trans Re Zurich (Zurich,...
Best Affirms Ratings for American Modern; Assigns Issuer Credit Ratings
May 5 2005 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Ohio-based American Modern Insurance Group (American Modern) and its property/casualty affiliates. A.M. Best has also affirmed the financial...
A.M. Best Downgrades Ratings for AIG Subs; Ratings Stay Under Review
May 5 2005 // A.M. Best Co. has downgraded the Financial Strength Ratings (FSR) of most of American International Group Inc.’s (AIG) (New York) wholly-owned insurance subsidiaries to A+ (Superior) from A++ (Superior). This action...
A.M. Best Assigns Rating to California Insurance Co.
May 4 2005 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) to California Insurance Company (CIC) (San Francisco, Calif.), a wholly-owned subsidiary of Applied Underwriters Inc. (AUI) (Omaha, Neb.). The rating...
Best Affirms RenRe Subs Ratings; Downgrades Credit and Debt Ratings; Removes Ratings From Review
May 3 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Renaissance Reinsurance Ltd. (RenRe Ltd.) and the financial strength ratings of “A” (Excellent) of...
Best Affirms Ratings of PXRE
Apr 29 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a” of the reinsurance subsidiaries of the PXRE Group Ltd. (PXRE) (Bermuda). PXRE’s reinsurance...
Best Affirms Ratings for The Egyptian Reinsurance Co.
Apr 27 2005 // A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and the issuer credit rating of “bbb” of The Egyptian Reinsurance Company (Egypt Re) (Egypt). The outlook for both ratings is...
Best: U.S. P/C Industry Notes First Underwriting Profit Since ’78
Apr 25 2005 // The U.S. property/casualty industry reported improved operating results in 2004 for the second straight year, but for the first time since 1978, underwriting results were profitable, with a combined ratio of 97.9,...
A.M. Best Revises Generali Debt Ratings
Apr 22 2005 // Following its assignment of an “a+” rating to Generali’s 500 million euro ($653.4 million) debt issue (see previous article), A.M. Best Co. announced that it has revised the ratings of the debt...
Best Downgrades Zurich Specialties; Outlook Negative
Apr 22 2005 // A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A (Excellent) of Zurich Specialties London Limited (ZSL) (United Kingdom). The rating has been removed from under review with negative...
Best Affirms Rating for Lloyd’s Syndicate 2010
Apr 20 2005 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 2010 (United Kingdom), which is managed by Cathedral Underwriting...
Best Affirms FSR for Electro Re SA
Apr 20 2005 // A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and has upgraded the issuer credit rating to “bbb+” from “bbb” of Electro Re SA (Luxembourg). The outlook is stable. The...
Best Affirms Rating of TT Club; Revises Outlook to Positive; Assigns ICR
Apr 19 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Bermuda-based Through Transport Mutual Insurance Association Ltd. (TT Bermuda) and its wholly owned subsidiary...
Best Affirms FSR for Travelers PC Pool
Apr 19 2005 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Travelers Property Casualty Pool (Travelers PC Pool) (Hartford, Conn.). Concurrently, A.M. Best has affirmed the debt ratings of “a-”...
