Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Best Reacts to Allstate Floridian’s Capital Management Efforts Following Hurricanes
Oct 18 2004 // A.M. Best Co. reported this week that it acknowledges Allstate Floridian Insurance Group’s (Allstate Floridian) (Northbrook, Ill.) capital management efforts following Hurricanes Charley, Frances, Ivan and...
A.M. Best Affirms FSR for Florida Farm Bureau Group
Oct 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the Florida Farm Bureau Group. The rating applies to Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida...
Best Assigns Debt Rating to Society of Lloyd’s Subordinated Notes
Oct 13 2004 // A.M. Best Co. has assigned a “bbb+” debt rating to the forthcoming dated Subordinated Notes to be issued by the Society of Lloyd’s (United Kingdom). At the same time, A.M. Best has assigned an issuer...
A.M. Best Places Rating of Nationwide Under Review
Oct 4 2004 // A.M. Best Co. has placed the A- (Excellent) financial strength rating of Nationwide Insurance Company of Florida (NICOF) under review with negative implications. This rating action has been taken as a result of anticipated...
Best Announces Rating Actions on QBE Group
Sep 21 2004 // A.M. Best Co. announced that it has assigned an issuer credit rating (ICR) of “bbb+” to Australia’s QBE Insurance Group Limited, the non-operating holding company of the QBE group of companies. Best also...
Pilgrim Insurance Lands Excellent Mark from Best
Sep 21 2004 // Pilgrim Insurance, a unit of The Plymouth Rock Group of Companies, announced receipt of an initial rating of A-/ Excellent from A.M. Best. Pilgrim, a business process outsourcer for Massachusetts auto insurance, has...
Best Affirms Lloyd’s Syndicate 382 ‘A’ Rating
Sep 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 382, which is managed by the U.K.’s...
A.M. Best Says Reinsurer Financial Strength in Balance
Sep 11 2004 // A mix of positive and negative forces continues to influence the financial strength of reinsurers, according to A.M. Best Co. in the special report, Global Reinsurance. The net effect reportedly continues to be a largely...
A.M. Best Affirms Rating for Ansvar
Sep 9 2004 // A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of Ansvar Insurance Company Limited (Ansvar) (United Kingdom). The outlook remains stable. The rating reflects Ansvar’s very good...
A.M. Best Rating for Dao Heng Affirmed
Sep 9 2004 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Dao Heng Insurance Company Limited (DHI) (Hong Kong). The outlook is stable. The rating reflects DHI’s prudent capitalization, short-tail...
A.M. Best Moves Rating for Safeway Property Insurance Co. Under Review
Sep 8 2004 // A.M. Best Co. has placed the financial strength rating of B (Fair) of Florida-based Safeway Property Insurance Company under review with negative implications. This rating action is being taken as a result of the decline...
A.M. Best Announces Update of Rating Methodology
Sep 6 2004 // A.M. Best Co. has announced details of recent updates in its analysis of the “dynamics within insurance groups and the relationships between affiliated companies,” acknowledging that these relationships...
A.M. Best Comments on Potential Rating Implications from Hurricane Frances
Sep 3 2004 // A.M. Best Co. has recently taken rating actions on several Florida insurance companies in response to their reduced risk-adjusted capitalization due to losses from Hurricane Charley, as well as potential exposure to...
A.M. Best Places Allstate Floridian Under Review
Sep 2 2004 // A.M. Best Co. placed the financial strength rating of “A-” (Excellent) of Allstate Floridian Group under review with negative implications. All companies listed are affiliates of The Allstate Corporation and...
Best Assigns ‘A-‘ Rating to Aetna (Bermuda) Ltd.
Aug 30 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) to Aetna Life and Casualty (Bermuda) Ltd. (AL&C) with a stable outlook. “The rating reflects...
Best Assigns Ratings to Lloyd’s Syndicate 1084
Aug 27 2004 // A.M. Best Co. announced that it has assigned its Syndicate Rating of “A” (Excellent) to Lloyd’s Syndicate 1084, managed by Chaucer Syndicates Ltd., and an issuer credit rating (ICR) of...
A.M. Best Announces Update of Rating Methodology: Rating Members of Insurance Groups
Aug 18 2004 // A.M. Best Co. has announced details of recent updates in its analysis of the “dynamics within insurance groups and the relationships between affiliated companies,” acknowledging that these relationships...
A.M. Best Downgrades Safeway Property Rating
Aug 18 2004 // A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B++ (Very Good) of Safeway Property Insurance Company (Gainesville, Fla.). The outlook is negative. The rating downgrade recognizes the...
Best: Majority of Insurers Will Meet Charley Commitments; Industry Not to Be Significantly Weakened
Aug 16 2004 // In response to Hurricane Charley, A.M. Best Co. has been gathering public and private information in order to assess the financial impact the hurricane will have on the global property/casualty insurance and reinsurance...
Best Takes Rating Actions on Lloyd’s Syndicates
Aug 13 2004 // Following the upgrade of the financial strength rating to “A” (Excellent) from “A-” (Excellent) of Lloyd’s of London and the assignment of an issuer credit rating (ICR) of “a” (See...
