Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Assigns ‘A-‘ FSR to Aspen Specialty Co.
Oct 29 2003 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Aspen Specialty Insurance Company, the recently formed U.S. insurer that is part of the Aspen Group, which includes the ultimate parent...
A.M. Best Affirms Rating of Goshawk Reinsurance Ltd.; Assigns Negative Outlook
Oct 22 2003 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Goshawk Reinsurance Limited (Goshawk Re), Bermuda, and removed the rating from under review. This follows detailed discussions with the Goshawk...
A.M. Best Affirms American Re-Insurance Co.’s FSR of ‘A+’ with a Stable Outlook
Oct 21 2003 // A.M. Best Company has affirmed the A+ (Superior) rating of American Re-Insurance Company and its affiliates, American Alternative Insurance Corporation (AAIC) and Princeton Excess & Surplus Lines Insurance Company....
A.M. Best Affirms Mutuelle Centrale de Reassurance ‘A-‘ Rating
Oct 14 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of France’s Mutuelle Centrale de Reassurance (MCR), but has maintained its “negative” outlook. “The...
A.M. Best Assigns ‘B+’ Rating to Tasman Pacific
Oct 14 2003 // A.M. Best Co. announced that it has assigned an initial financial strength rating of B+ (Very Good) to New Zealand-based Tasman Pacific Insurance Limited, and called the outlook “stable.” “The rating...
A.M. Best Affirms St. Paul International ‘A’ Rating
Oct 13 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A (Excellent) of the U.K.-based St. Paul International Insurance Company Limited, with a stable outlook. “The rating reflects the...
A.M. Best Affirms Groupama’s ‘A+’ Rating
Oct 10 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A+ (Superior) of French mutual insurer Groupama and its subsidiaries, but has revised its outlook to “negative” from...
A.M. Best Assigns Country Risk Ranking of Tier III to Jamaica
Oct 8 2003 // A.M. Best Co. has initiated country risk coverage for Jamaica and assigned it a country risk ranking of Tier III. The result of A.M. Best’s country risk evaluation allows each country to be classified into one of...
A.M. Best Downgrades Ratings of Atlantic Mutual Companies
Oct 7 2003 // A.M. Best Co. has downgraded the financial strength rating of The Atlantic Mutual Companies (The Atlantic) (New York) to B++ (Very Good) from A- (Excellent). Concurrently, A.M. Best has downgraded the debt rating of...
A.M. Best Downgrades Royal & SunAlliance USA
Sep 29 2003 // A.M. Best Co. has downgraded the financial strength ratings to B+ (Very Good) from A- (Excellent) of the Royal & SunAlliance USA Insurance Pool (North Carolina) and the Royal Surplus Lines Insurance Company...
Best Affirms Sunderland Marine Mutual’s ‘A-‘ Rating
Sep 24 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of the U.K.’s Sunderland Marine Mutual Insurance Company Limited (SMMI), with a stable outlook. “The rating reflects...
FEIC Receives “A- (Excellent)” Rating from A.M. Best
Sep 17 2003 // Fremont Employers Insurance Company (FEIC) has received an “A- (Excellent)” rating from A.M. Best Company. FEIC is a wholly owned subsidiary of Employers Insurance Company of Nevada, A Mutual Company...
A.M. Best Says P/C Industry Maintains Improving Results, Staying Power Questioned
Sep 16 2003 // The property/casualty industry reported robust premium growth and considerably improved underwriting results during the first six months of 2003 over the comparable period of 2002. Driving these results reportedly are the...
Recent Ratings Round-up
Sep 5 2003 // Due to the significant number of ratings announcements released recently, the IJ offers the following summary of actions taken by the rating agencies indicated. More complete information can be obtained directly from the...
A.M. Best Lowers Munich Re Ratings to ‘A+ (Superior)
Aug 29 2003 // Two days after Standard & Poor’s lowered its ratings on Munich Re (See IJ Website August 28), and previous article), A.M. Best Co. announced that it has downgraded the group’s financial strength ratings to...
A.M. Best Names Five Finalists for E-Fusion Insurance & Technology Award
Aug 22 2003 // Five online insurance-related projects have been selected as finalists for the E-Fusion Award, A.M. Best Company’s annual competition designed to recognize outstanding, resourceful uses of Internet technology by an...
Fitch Downgrades CNA, Best Stands Still
Aug 8 2003 // A $308 million after-tax charge taken by Chicago-based carrier CAN Financial Corp.’s primary insurance subsidiaries have led to a downgrade by Fitch Ratings, while A.M. Best says its ratings had already taken into...
A.M. Best Affirms Rating of Sompo Japan Inc.
Aug 7 2003 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Sompo Japan Insurance Inc., Japan. The outlook is negative. The rating reflects Sompo Japan’s deteriorated risk-adjusted capitalization,...
A.M. Best Upholds ‘Excellent’ Rating Of CAP-MPT
Aug 4 2003 // A.M. Best Upholds ‘Excellent’ Rating Of CAP-MPT The A.M. Best Company has upheld its rating of “A” (Excellent) to the Cooperative of American Physicians Inc. – Mutual Protection Trust...
Best Places Iowa Mutual Under Positive Review
Aug 4 2003 // A.M. Best Co. has placed the financial strength rating of “B” (Fair) of Dewitt-based Iowa Mutual Group under review with positive implications. This rating action acknowledges the agreement between Iowa Mutual...
