Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
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...
Vesta Group Downgraded; Co. May Divest Some P/C Units
Apr 1 2003 // A.M. Best Co. said it downgraded the financial strength rating to “B” (Fair) from “B+” (Very Good) of the property/casualty affiliates of Birmingham, Ala.-based Vesta Insurance Group. Additionally,...
A.M. Best Assigns Initial ‘B’ Rating to American Inter-Fidelity Exchange
Mar 31 2003 // A.M. Best Co. has assigned an initial financial strength rating of “B” (Fair) to Merrillville, Ind.-based American Inter-Fidelity Exchange (AIFE). The rating outlook is stable. The rating reflects AIFE’s...
A.M. Best Assigns Pooled ‘A’ Rating to State National Group
Mar 28 2003 // State National Companies announced that A.M. Best has assigned an ‘A’ (Excellent) rating to its pooled subsidiaries, State National Insurance Company (SNIC) and State National Specialty Insurance Company...
A.M. Best Further Downgrades Ratings of Commercial Travelers and Monitor Life
Mar 27 2003 // A.M. Best Co. announced that it has downgraded the financial strength ratings to B- (Fair) from B+ (Very Good) of Commercial Travelers Mutual Insurance Company and its wholly-owned subsidiary, Monitor Life Insurance...
A.M. Best Affirms Generali’s A+ (Superior) Ratings
Mar 27 2003 // A.M. Best Co. announced that it has affirmed the A+(Superior) financial strength rating of Italy’s Assicurazioni Generali S.p.A., and assigned a negative outlook. It also announced that it has affirmed...
A.M. Best Says P/C Company Impairments Continue to Grow
Mar 24 2003 // The number of insolvencies among property/casualty companies remained high in 2002, with 38 companies placed either under regulatory supervision or into liquidation, according to the special report, “Rising Number of...
A.M. Best Gives ACIC ‘A-‘ Rating
Mar 19 2003 // American Contractors Indemnity Company (ACIC) was recently awarded an A- (Excellent) rating by A.M. Best Company, according to Robert Thomas, CEO of the Los Angeles-based surety bond provider. According to Best’s...
A.M. Best Affirms B++ Rating of Fuji Fire & Marine; A+ Rating of NZ’s ACC
Mar 18 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of B++ (Very Good) of Japan’s Fuji Fire & Marine Insurance Company Ltd. with a stable outlook, and the A+ (Superior) financial strength...
Best Affirms Most Ratings on Canada’s Fairfax
Mar 17 2003 // A.M. Best Co. announced that it has affirmed the various financial strength ratings of the operating subsidiaries of Toronto-based Fairfax Financial Holdings Limited, with the exception of TIG Insurance Group, which was...
A.M. Best Says P/C Company Impairments Continue to Grow
Mar 13 2003 // The number of insolvencies among property/casualty insurance companies remained high in 2002, with 38 companies placed either under regulatory supervision or into liquidation, according to the special report, “Rising...
