Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Meadowbrook Insurance Group Obtains ‘B++’ Rating
Apr 19 2005 // Michigan-based Meadowbrook Insurance Group Inc. reported that the ratings of certain of its insurance company subsidiaries have been upgraded by A.M. Best Company to “B++” (Very Good). The upgrade reflects A.M....
Best Assigns Issuer Credit Ratings for AIG’s Insurance Subs; Ratings Status is Under Review
Apr 6 2005 // Following AIG’s announcement that the filing of the 2004 10K will be further delayed, possibly until April 30, 2005, and the disclosure of potential accounting adjustments, A.M. Best commented that the ratings of...
Downgrade of Calif. Auto Company Results from Reinsurance Broker Error
Apr 1 2005 // Effective immediately, AM Best has downgraded Workmen’s Auto Insurance Company from a B++ to a B(u), citing the company’s drop in surplus as the main reason for the downgrade. The company has filed a lawsuit...
A.M. Best Gives Service Insurance an ‘Excellent’ Rating
Mar 18 2005 // Service Insurance Company of Bradenton, Fla., hit with customer losses of more than $100 million in the four hurricanes that swept Florida in 2004, has received notice that it has been removed from A.M. Best’s rate...
A.M. Best Places AIG Ratings Under Review; Other Agencies Respond to Changes at the Top
Mar 16 2005 // A.M. Best Co. has placed the financial strength ratings of member companies of American International Group, Inc. under review with negative implications following their announcement that the chairman and CEO, Maurice...
Best Affirms FSR for Unitrin’s P/C, Life Companies
Feb 18 2005 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of the Unitrin Property and Casualty Insurance Group (Unitrin) (Dallas). The rating outlook is negative. A.M. Best has also affirmed the financial...
Best Downgrades Ratings for Inter-Ocean
Feb 18 2005 // A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-” from “a” for the reinsurance subsidiaries of Inter-Ocean Holdings...
A.M. Best Affirms Ratings of Mercury Casualty Group
Feb 9 2005 // A.M. Best Co. has affirmed the financial strength ratings of A+ (Superior) of Los Angeles-based Mercury Casualty Group (Mercury) and its members. Concurrently, A.M. Best has affirmed the senior debt rating of...
A.M. Best Places Subs of GE Insurance Solutions Corp. Under Review; Negative Implications Noted
Feb 3 2005 // A.M. Best Co. has placed the financial strength ratings of the subsidiaries of GE Insurance Solutions Corp (formerly known as GE Global Insurance Holding Corp) (GE Insurance) (Overland, Kan.) under review with negative...
A.M. Best Upgrades Rating for The Hartford Steam Boiler Inspection and Insurance Co., Subs
Feb 1 2005 // A.M. Best Co. has upgraded the financial strength rating to A++ (Superior) from A+ (Superior) of Connecticut-based The Hartford Steam Boiler Inspection and Insurance Company (HSB) and its three group rated...
A.M. Best Affirms Ratings for Southern Farm Bureau Casualty Group; Outlook Stable
Jan 27 2005 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of Southern Farm Bureau Casualty Group (SFB) (Ridgeland, Miss.). The rating outlook has been revised to stable from negative. Concurrently, A.M....
Best Assigns Rating for Lloyd’s Syndicate 1225
Jan 27 2005 // A.M. Best Co. has assigned a Best’s Syndicate Rating of A (Excellent) and an issuer credit rating (ICR) of “a” to Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency...
Best, S&P Announce Rating Actions on ACE Ltd. and Subs after Reserve Increase
Jan 7 2005 // Standard & Poor’s Ratings Services came down a bit harder on ACE Limited’s ratings than A.M. Best following the announcement that the company would increase its reserves for asbestos and environmental...
Best Downgrades Rating for Cayman General Insurance
Dec 30 2004 // A.M. Best Co. has downgraded the financial strength rating to B- (Fair) from A- (Excellent) of Cayman General Insurance Company Limited (Cayman General) (Cayman Islands). The rating remains under review with negative...
A.M. Best Affirms HSB (UK) ‘A+’ Rating
Dec 23 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Excellent) of U.K. based HSB Engineering Insurance Limited (HSBEIL) with a stable outlook. Best said it “regards HSBEIL...
A.M. Best Special Report Says Canadian Group Accident and Sickness Writers Get Bigger
Dec 20 2004 // The consolidation within the group accident and sickness market has created integration challenges for the surviving group accident and sickness writers, according to a special report by the A.M. Best Co. The Canadian life...
Best Affirms Lloyd’s Syndicates 623 and 2623 Ratings; Beazley Group Ratings
Dec 17 2004 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A “(Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 623 and Lloyd’s Syndicate 2623, which...
Best Affirms Lloyd’s Syndicate 958 ‘A’ Rating
Dec 17 2004 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 958, which is managed by Omega Underwriting...
Best Downgrades Rating for Groupama S.A.
Dec 16 2004 // A.M. Best Co. has downgraded the financial strength rating to A (Excellent) from A+ (Superior) of Groupama S.A. (Groupama) (France). At the same time, A.M. Best has assigned an issuer credit rating (ICR) of “a”...
A.M. Best Places The Proformance Insurance Co. Under Review with Negative Implications
Dec 14 2004 // A.M. Best Co. has placed the financial strength rating of B (Fair) of The Proformance Insurance Company (Proformance) (Freehold, N.J.) under review with negative implications. This action reflects the deterioration of...
