Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Best Affirms Rating for Rembrandt Insurance Co.
Jun 4 2004 // A.M. Best Co. has affirmed the A (Excellent) financial strength rating of Rembrandt Insurance Company Ltd. Rembrandt is a Bermuda-domiciled captive operation of Vitol Holding B.V. (Rotterdam), a global oil trading company....
SECURA Earns A.M. Best Rating Upgrade to ‘A’
Jun 3 2004 // Appleton, Wis.-based mutual SECURA Insurance received an A.M. Best rating upgrade to “A” (excellent), upgraded from “A-” (excellent), with a stable outlook. SECURA’s rating reflects A.M....
After 205 Years, R.I.-Based Providence Washington to Close Its Doors
Jun 1 2004 // Providence Washington Insurance Companies is shutting down after more than two centuries, a victim of financial losses, an inability to raise capital and failure to find a buyer. The Providence, R.I.-based company’s...
Best Affirms AG Sovag ‘B++’ Rating
May 28 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of” B++” (Very Good) of Germany’s Schwarzmeer und Ostsee Versicherungs- (Sovag) ). The outlook remains stable. “The rating...
NAIC Comments on A.M. Best Insurer Solvency Study
May 28 2004 // A recently published study by the A.M. Best Company, titled Best’s Insolvency Study: Property/Casualty U.S. Insurers, 1969-2002, provides further evidence that the national system of state-based insurance regulation...
A.M. Best Affirms A- Excellent Rating for Majestic Insurance Company
May 19 2004 // A.M. Best Company has affirmed the A- (Excellent) rating for Majestic Insurance Company, a San Francisco-based workers’ compensation insurance carrier. This rating category is assigned to companies that have, on...
Best Affirms Ratings for PXRE; Outlook Stable
May 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) for the reinsurance subsidiaries of PXRE Group Ltd. This rating action applies to PXRE Reinsurance Company (Hartford, Conn.) and PXRE Reinsurance...
When Comparing Apples-To-Apples Whom Should You Trust’
May 17 2004 // Hard markets have a way of making insurance company financial strength ratings a hot topic of discussion, and not just among insurance agents and brokers. Professional risk managers and other insurance buyers, consumer...
A.M. Best Affirms FSR and Debt Ratings of Sierra Health Services
May 13 2004 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) of Sierra Health Services Inc.’s (Sierra) core HMO, Health Plan of Nevada Inc (both of Las Vegas, Nev.), and its health insurance company,...
Best Announces Ratings Actions on Aon Subsidiaries
May 12 2004 // A.M. Best Co. has taken a number of rating actions concerning several subsidiaries of Aon Corp. It affirmed the financial strength ratings of “A” (Excellent) of Aon’s life/health operations–Combined...
Aon’s P/C Operations Downgraded
May 12 2004 // Insurer ratings agency A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) of Chicago-based Aon Corp.’s life/health operations—Combined Insurance Company of America (CICA) and...
Atlantic Preferred Rated B+ by A.M. Best
May 10 2004 // Atlantic Preferred Insurance Company, a member of the Florida-based Poe Financial Group, has earned a B+ rating from A.M. Best. Atlantic Preferred’s first A.M. Best rating reflects its ability to meet its ongoing...
Best Offers Its Suite of Reinsurance Information for P/C and Life/Health Insurers on CD-ROM and Online
May 3 2004 // A.M. Best Co. announced the availability of “Best’s Statement File Supplement for Schedule F and Schedule S” on a single CD-ROM that contains both databases. “These databases include reinsurance...
A.M. Best Affirms OneBeacon’s ‘A’ Rating
Apr 14 2004 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of the OneBeacon Insurance Group (Boston, Mass.) and Folksamerica Reinsurance Company (New York, N.Y.). OneBeacon’s rating is based on its...
A.M. Best Affirms The Nichido Fire and Marine Insurance Cos. ‘A+’ Rating
Apr 14 2004 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) of The Nichido Fire and Marine Insurance Company Ltd. of Japan and its reinsured affiliate, Nichido Insurance Company (Pacific)...
A.M. Best: Operating Results Improved Dramatically
Apr 12 2004 // The property/casualty industry reported vastly improved operating results for both the fourth quarter and full year 2003 when compared with the same periods of 2002, according to a study issued by A.M. Best...
A.M. Best Downgrades Providence Washington
Mar 31 2004 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) of Providence Washington Insurance Companies (Providence, RI) and placed the rating under review with negative implications....
A.M. Best Reaffirms Midland Sub’s ‘A+’ Rating
Mar 31 2004 // The Midland Co., a Cincinnati-based provider of specialty insurance products and services, reported that A.M. Best Co. recently reaffirmed the “A+” (superior) rating of its American Modern Insurance Group...
A.M. Best Affirms Cincinnati Financial’s Subsidiaries
Mar 19 2004 // Oldwick, N.J.-based insurer ratings agency A.M. Best Co. has affirmed the financial strength ratings of the insurance subsidiaries of Cincinnati Financial Corp. The affirmations include “A++” (superior) for the...
Best Affirms Lloyd’s Syndicate 1414 ‘A+’ Rating
Mar 19 2004 // A.M. Best Co. announced that it has affirmed its “A+” (Superior) Syndicate Rating of Lloyd’s Syndicate 1414 with a stable outlook. “The rating reflects explicit support from American Home Assurance...
