Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
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...
Best Upgrades Lloyd’s Rating to ‘A’; Mgmt. Comments
Aug 13 2004 // A.M. Best Co. announced that it has upgraded Lloyd’s financial strength rating to “A” (Excellent) from “A-” (Excellent), and has assigned an issuer credit rating of “a” with a...
A.M. Best Downgrades Corifrance Rating
Aug 9 2004 // A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of Corifrance (Compagnie de Reassurance d’Ile de France) (France). The outlook is stable. The downgrade reflects A.M....
A.M. Best Sees Stable Ratings for Reinsurers
Aug 9 2004 // According to a report by A.M. Best Company, improved reported results for 2003 and the first quarter of 2004, stable equity markets, marginal increases in bond yields and raising of some fresh capital after two years of...
A.M. Best Affirms FSR for Island Heritage Insurance Co.
Aug 6 2004 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Island Heritage Insurance Company Ltd (Cayman Islands). The rating outlook is stable. The rating reflects Island Heritage’s excellent...
A.M. Best Affirms FSR, Debt Ratings of Safeco
Aug 3 2004 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Seattle-based Safeco Insurance Companies. Concurrently, A.M. Best has also affirmed the “bbb+” rating on Safeco’s existing...
A.M. Best Report: Canada’s P/C Industry Rebounded Strongly in 2003
Jul 27 2004 // As 2002 fades from memory as the worst performance year by the Canadian property/casualty insurance industry, 2003, on the other hand, will be remembered for the industry’s return to underwriting profitability and...
A.M. Best Downgrades Debt Ratings of St. Paul Travelers; Affirms Financial Strength Ratings
Jul 25 2004 // A.M. Best Co. has downgraded the debt ratings of St. Paul Travelers Companies Inc. (St. Paul Travelers) to “a-” from “a” on senior debt, “bbb+” from “a-” on subordinated...
A.M. Best Sees Stable Ratings for Reinsurers
Jul 23 2004 // According to a report by A.M. Best Company, improved reported results for 2003 and the first quarter of 2004, stable equity markets, marginal increases in bond yields and raising of some fresh capital after two years of...
A.M. Best Affirms FSR for Trust International
Jul 23 2004 // A.M. Best Co. has affirmed the financial strength rating of B+ (Very Good) of Trust International Insurance Company E.C. (TIIC) (Bahrain). The outlook has been revised to positive from stable. At the same time, A.M. Best...
A.M. Best Affirms FSR for Vesta Insurance Group
Jul 14 2004 // A.M. Best Co. has affirmed the financial strength rating of B (Fair) of Alabama-based Vesta Insurance Group (Vesta) and its property/casualty affiliates. Concurrently, A.M. Best has upgraded the debt ratings to...
A.M. Best Affirms Rating for Allianz Cornhill
Jul 12 2004 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Allianz Cornhill Insurance plc (Allianz Cornhill) (United Kingdom). The rating reflects A.M. Best’s view of Allianz Cornhill as a core...
A.M. Best: Study Sees Improvement in Canadian Commercial Property Industry
Jul 12 2004 // Commercial property writers in Canada saw better underwriting results for the second consecutive year in 2003, as the line’s net loss ratio decreased about 12.3 points to 49.5 from 61.8 in 2002, according to a study...
Best Affirms Ratings for Odyssey Re Holdings Corp.
Jul 6 2004 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Odyssey Re Holdings Corp.’s (Odyssey Re) (New York, N.Y.) reinsurance and insurance subsidiaries, which comprise the Odyssey Reinsurance...
Best Downgrades Ratings for Atlantic Mutual Cos.
Jun 29 2004 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of The Atlantic Mutual Companies (The Atlantic). Concurrently, A.M. Best has downgraded the debt rating to “b+”...
A.M. Best Affirms Ratings of Allianz Insurance Group and Fireman’s Fund
Jun 22 2004 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Allianz Insurance Group (Allianz), which consists of Allianz Global Risks US Insurance Company and its wholly-owned subsidiary, Allianz...
Regional Focus
Jun 21 2004 // Former Speaker of the House Tip O’Neill once famously said, “All politics is local.” The same could be said for the insurance industry—insurance coverage is definitely local. In addition, there...
Regional Focus
Jun 21 2004 // Former Speaker of the House Tip O’Neill was attributed with the comment that “all politics are local.” The same could be said for the insurance industry—insurance coverage is definitely local. In...
Best Affirms General Re Group Ratings of ‘A++’
Jun 16 2004 // A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) of the General Re Group. The rating applies to General Reinsurance Corporation (Delaware) and its core property/casualty and life...
