Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Places Ratings of Atlantic Mutual Companies Under Review with Negative Implications
Jun 9 2003 // A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Atlantic Mutual Companies (The Atlantic) (New York) under review with negative implications. Concurrently, A.M. Best has placed the...
The Ratings Game
Jun 9 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
Best Assigns ‘A-‘ (Excellent) Rating to Lloyd’s Syndicate 2010
Jun 4 2003 // A.M. Best Co. announced that it has assigned a “Best’s syndicate rating of A- (Excellent) to Lloyd’s Syndicate 2010, managed by Cathedral Underwriting Ltd.” , with a “stable”...
Sagamore Ratings Upgraded
Jun 3 2003 // Indianapolis-based Baldwin & Lyons Inc. reported that A.M. Best has upgraded its financial rating of the company’s subsidiary, Sagamore Insurance Company, from “A” to “A+”...
A.M. Best Says Liberty Mutual Ratings Remain Unchanged
May 23 2003 // A.M. Best Co. said the current financial strength and debt ratings of the Liberty Mutual Insurance Companies (Liberty Mutual) (Boston) remain unchanged following its announcement regarding the acquisition of Prudential...
A.M. Best Affirms PXRE’s ‘A’ (Excellent) Ratings
May 22 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A’ (Excellent) for the Bermuda-based PXRE Group Ltd.’s reinsurance subsidiaries, but has maintained its...
A.M. Best Downgrades AMERCO Subsidiaries
May 22 2003 // A.M. Best Co. has downgraded the financial strength ratings to C (Weak) from B (Fair) of Republic Western Insurance Company (Arizona) and North American Fire & Casualty Insurance Company (Louisiana). The companies are...
A.M. Best Downgrades The Underwriter Insurance Company Rating
May 21 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of U.K.-based The Underwriter Insurance Company Limited (TU), and maintained its negative outlook on the...
The Ratings Game
May 19 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
A.M. Best: Asbestos Settlement Won’t Aid Ratings
May 15 2003 // Recent reports of a national, privately financed trust to pay asbestos claimants have raised questions about the insurance industry’s ability to fund its participation in a trust while maintaining individual...
A.M. Best Downgrades Kemper Ratings
May 2 2003 // A.M. Best Co. has downgraded the financial strength ratings to C++ (Marginal) from B (Fair) of the participants in the Kemper Insurance Companies (Long Grove, Ill.) inter-company pool, eight reinsured affiliates and one...
A.M. Best Affirms A+ (Superior) Ratings of Selective Insurance
Apr 30 2003 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Branchville, NJ-based Selective Insurance Group. “The rating applies to the group’s five intercompany pool members led by Selective...
A.M. Best Affirms A- (Excellent) Ratings of Tryg-Baltica Insurance Group
Apr 24 2003 // A.M. Best Co. announced that it has affirmed the A- (Excellent) financial strength ratings of Tryg-Baltica Insurance, International Insurance Company A/S (‘TBI’) and Tryg-Baltica International (UK) Limited...
A.M. Best Says Growth in Number of Active Captives Remained Flat in 2002
Apr 18 2003 // Captive domiciles have reportedly been touting 2002 as a banner year for new captive formations, with a record 462 new captive insurance companies being licensed, according to the special report, “Sizing Up the...
A.M. Best Affirms Ratings of Fireman’s Fund
Apr 18 2003 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) on the pool members of the Novato, Calif.-based Fireman’s Fund Insurance Companies (FFIC). The ratings are being removed from under review...
A.M. Best Downgrades Ratings of Allianz Insurance, Allianz Underwriters
Apr 17 2003 // A.M. Best Co. has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of Allianz Insurance Company (AIC) and its direct subsidiary, Allianz Underwriters Insurance Company, both of Burbank, Calif....
A.M. Best Reports: P/C Premium Growth Solid
Apr 16 2003 // The property/casualty industry continued to report strong growth in net written premiums for both the fourth quarter and full-year 2002 amid robust price increases across all sectors, according to the A.M. Best...
A.M. Best Places Ratings of Hannover Re, Subsidiaries Under Review
Apr 14 2003 // A.M. Best Co. has placed the financial strength ratings of A+ (Superior) of Hannover Rueckversicherungs-AG (Hannover Re) and its core subsidiaries under review with negative implications. (See list below.) At the same...
S&P, A.M. Best Take Rating Actions on Trenwick
Apr 3 2003 // Both Standard & Poor’s Ratings Services and A.M. Best have reacted to the Trenwick Group Ltd.’s announcement that it was in default on its senior notes as of April 1. (See IJ Website April 2). S&P...
A.M. Best Revises Under-Review Status of THI Holdings Group
Apr 2 2003 // A.M. Best Co. has affirmed the under-review status of Cleveland-based THI Holdings Group and revised the implications from negative to positive. The positive implications reflect the financial commitment of Nationwide...
