Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Best Affirms West of England Ship Owners ‘A’ Rating
Mar 18 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Luxembourg-based West of England Ship Owners Mutual Insurance Association (the Club or WOE), with a stable...
A.M. Best Affirms Rating for Sun Hung Kai Properties Insurance Ltd.
Mar 17 2004 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI) (Hong Kong). The outlook is stable. The rating reflects SHKPI’s satisfactory...
A.M. Best Comments on Safeco’s Announcement to Sell Life Operations
Mar 16 2004 // A.M. Best Co. has commented that the group financial strength rating of A (Excellent) of Redmond, Wash.-based Safeco Life Insurance Company and its life/health subsidiaries (collectively referred to as Safeco Life) remains...
Best Downgrades Bermuda’s Centre Solutions Rating
Mar 15 2004 // A.M. Best Co. announced that it has downgraded the financial strength rating to “B+” (Very Good) from “A-” (Excellent) of Centre Solutions (Bermuda) Ltd. and its operating subsidiaries. Best also...
A.M. Best Report Targets New Company Formations
Mar 10 2004 // In recent years, regulatory and tax issues, as well as market dislocations, have contributed to the formation of new insurance and reinsurance companies. As a result, growing numbers of brokers, agents, lenders, capital...
Kingsway Comments on Best’s Rating Action
Mar 8 2004 // Kingsway Financial Services Inc. issued an announcement following the actions taken by A.M. Best, which lowered is ratings on two of the group’s subsidiaries, Kingsway General Insurance Company and York Fire &...
A.M. Best Reports on Financial Strength, Debt Ratings for American Re
Mar 8 2004 // A.M. Best Co. has commented that the financial strength rating of A+ (Superior) of American Re-Insurance Company and its direct subsidiaries, collectively American Re Corporation Group (American Re) (Princeton, N.J.), are...
Best Affirms GE Frankona ‘A’ Rating; Lowers Outlook
Mar 4 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the GE Frankona Group’s reinsurance subsidiaries, and has revised its outlook to negative from...
Best Affirms Zurich Specialties ‘A’ Rating; Assigns Stable Outlook
Mar 4 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Zurich Specialties London Limited (ZSL); has removed the rating from under review with negative implications, and...
Best Affirms ‘A’ Rating of Inter-Ocean Subsidiaries; Revises Outlook to Negative
Feb 26 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Inter-Ocean Holdings Ltd. (Inter-Ocean) (Bermuda). The rating applies to...
A.M. Best Affirms Ratings of Two Indian Insurers
Feb 19 2004 // A.M. Best Co. affirmed the “A” (Excellent) financial strength rating of General Insurance Corporation of India (GIC) (Mumbai, India) and the “A” (Excellent) rating of New India Assurance Company...
Best Affirms Allianz ‘A+’ Ratings
Feb 12 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Germany’s Allianz Aktiengesellschaft and its core subsidiaries. It has also affirmed the “aa-”...
A.M. Best’s P/C Review/Preview Report: Keeping Pace – Success for Some, but Pressures Remain
Feb 10 2004 // While underwriting improved, with a year-end 2003 combined ratio forecast at 101.1, the property/casualty industry has a long way to go before strong returns can be achieved, according to A.M. Best Co.’s annual...
A.M. Best Affirms FSR for Zenith National Insurance Group
Feb 6 2004 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of California-based Zenith National Insurance Group (Zenith). The rating applies to three intercompany pool members and is based on the...
Best Revises St. Paul Review to Developing
Jan 30 2004 // A.M. Best Co. has revised the implications of its review of The St. Paul Cos. Inc.’s financial strength and debt ratings from positive to developing. This rating action follows St. Paul’s announcement today...
Best Assigns ‘A-‘ Rating to Quanta U.S. Operations
Jan 29 2004 // A.M. Best Co. announced that it has assigned initial financial strength ratings of “A-” (Excellent) to Quanta Specialty Lines Insurance Company of Indianapolis, Ind. and Quanta Indemnity Company of Denver,...
RMS Terrorism Risk Management Tools Aiding Insurers in Responding to New Best Questionnaire
Jan 23 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, affirmed that its products can assist insurers in responding to the newly issued Supplemental Rating...
A.M. Best Adds N.H. to State Rate Filings
Jan 19 2004 // A.M. Best announced that Best’s State Rate Filings now includes New Hampshire on its roster of available states. “The publication, which provides coverage of activities in the U.S. representing 90 percent of...
S&P, A.M. Best React to XL Reserve Announcement
Jan 15 2004 // Both A.M. Best and Standard & Poor’s Ratings Services reacted to XL Capital Group’s announcement yesterday that its aggregate reserve additions in 2003 would be around $908 million pretax ($694 million in...
A.M. Best Places Zurich Specialties London Ltd. Under Review; Negative Implications
Jan 13 2004 // A.M. Best Co. has placed the financial strength rating of A (Excellent) of Zurich Specialties London Limited (ZSL) (United Kingdom) under review with negative implications. The rating action reflects A.M. Best’s need...
