Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
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...
Progressive Affirmed by A.M. Best
Jun 15 2004 // Insurance standardbearer ratings agency A.M. Best Co. has affirmed the financial strength ratings of “A+” (superior) for Progressive Agency Pool, Progressive Direct Pool and United Financial Casualty Co., all...
A.M. Best Affirms Assurant Subsidiaries’ Ratings
Jun 11 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) or “A-” (Excellent) of Assurant, Inc.’s subsidiaries. The outlook for all the ratings is...
Regional Focus
Jun 7 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 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...
