Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
AM Best Revises Outlook to Negative for Louisiana Farm Bureau Mutual
May 4 2023 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Louisiana Farm Bureau Mutual...
MGAs, DUAEs Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best
May 3 2023 // Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8 percent to $67.6 billion, according to a...
AM Best Gives A- Rating to At-Bay Specialty; Fischel Hired as At-Bay CFO
Apr 19 2023 // At-Bay said insurance industry rating agency AM Best has assigned At-Bay Specialty Insurance Company a financial strength rating of A- (Excellent). At-Bay Specialty Insurance Company is a Delaware-domiciled excess and...
Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best
Apr 10 2023 // Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes, primarily in Louisiana and Florida, according to an AM Best...
AM Best Places Ratings of R&Q and Subsidiaries Under Review with Neg. Implications
Apr 10 2023 // AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of R&Q Insurance Holdings’ three...
MS Amlin’s Long-Term Issuer Credit Rating Downgraded by AM Best
Apr 3 2023 // AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of MS Amlin AG...
AM Best Revises Outlooks to Negative for Virginia’s Northern Neck Insurance
Mar 31 2023 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Northern Neck Insurance Co. of...
AM Best Downgrades Credit Ratings of Topa in California
Mar 20 2023 // AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+ (Good) from “a-” (Excellent) of Topa Insurance Co. in Calabasas,...
AM Best Downgrades SCOR’s Ratings
Mar 10 2023 // AM Best announced Thursday that it has downgraded the financial strength rating to A (excellent) from A+ (superior) and the long-term issuer credit ratings to “a+” (Excellent) from “aa-” (Superior)...
When Mother Nature Strikes; Working Together to Mitigate Natural Catastrophe Risk: AM Best Webinar
Feb 20 2023 // Climate change is contributing to increasingly intense natural catastrophes that leave larger and larger losses in their wake. What steps can the insurance industry take to prevent losses, protect clients, and ultimately...
AM Best: Louisiana Insurance Incentive Program a “Short-Term Stopgap”
Jan 30 2023 // As Louisiana lawmakers adjourn Monday for a special session to address the state’s property insurance crisis, a commentary from AM Best says Louisiana’s plan to appropriate $45 million in funds to incentivize...
AM Best Downgrades California Earthquake Authority Credit Ratings
Jan 18 2023 // AM Best downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of California...
AM Best: Historic California Flooding Highlights Need for Robust Private Flood Market
Jan 17 2023 // Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading states, according to AM Best. A new AM Best commentary notes the ongoing...
AM Best Gives A+ Rating to PartnerRe’s New MGA-Driven Insurance Ops
Dec 29 2022 // AM Best has assigned an A+ financial strength rating of A+ (Superior) to PartnerRe Insurance Solutions Bermuda Ltd. (PartnerRe Ins Solutions BM Ltd), a newly added member of PartnerRe Ltd. The ratings outlook is...
AM Best Downgrades Mid-Hudson Group
Dec 14 2022 // Insurer analysts at AM Best have downgraded the ratings of three companies in the Mid-Hudson Group citing a 32.7% decline in policyholder surplus as of September 30. AM Best downgraded the Financial Strength Rating (FSR)...
AM Best Urges ‘Immediate and Substantive’ Reforms by Florida Lawmakers
Dec 12 2022 // Ahead of this week’s special legislative session in Florida, the AM Best financial rating firm predicts that “without immediate and substantive long-term legislative reforms,” further insurer insolvencies...
AM Best: Commercial Lines ‘Stable’ With a Close Eye on Inflation
Dec 8 2022 // As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but the industry rating agency had some warnings in its latest report. Rate changes at renewal remained strong,...
AM Best Revises Outlooks to Negative for Wisconsin’s Badger Mutual
Dec 8 2022 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Badger Mutual Insurance...
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs
Dec 7 2022 // Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises globally, according to AM Best, which assigned a positive...
A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best
Dec 6 2022 // Apparently nothing has changed within the last several months to change AM Best’s negative outlook on the U.S. personal lines insurance segment. Tuesday the insurance industry rating agency said it was maintaining...
