Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
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...
A.M. Best Downgrades Ratings for Liberty Mutual
Mar 11 2003 // A.M. Best Co. has downgraded the financial strength rating to A (Excellent) from A+ (Superior) of Liberty Mutual Insurance Companies (Liberty Mutual) (Boston). A.M. Best has also downgraded the financial strength rating to...
A.M. Best Raises Rating of AXIS Specialty Limited
Mar 11 2003 // A.M. Best Co. announced that it has raised the financial strength rating to A (Excellent) from A- (Excellent) of AXIS Specialty Limited (AXIS) (Bermuda) and its operating affiliates with a stable outlook. “This...
A.M. Best Places Rating of The Underwriter Insurance Company Under Review
Mar 11 2003 // A.M. Best Co. announced that it “has placed the financial strength rating of A- (Excellent) of The Underwriter Insurance Company Limited (TU), United Kingdom, under review with negative...
A.M. Best Notes Royal & Sun Alliance Group Ratings Remain Unchanged
Mar 6 2003 // A.M. Best Co. has commented that the financial strength rating of A- (Excellent) of The Royal & Sun Alliance Insurance Group plc (R&SA), United Kingdom and the “bbb” and “bbb-” ratings of...
A.M. Best Lowers Rating of Top Layer Reinsurance Ltd.
Mar 4 2003 // A.M. Best Co. has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Bermuda-based Top Layer Reinsurance Ltd. and maintained a stable outlook on the company. The lowering of this rating is a...
Kemper’s A.M. Best Rating Lowered to ‘B’
Mar 4 2003 // A.M. Best Co. has lowered the financial strength rating of Long Grove, Ill.-based Kemper Insurance Cos. to “B” (fair) from “B+” (very good). The rating remains under review with negative...
Progressive’s ‘A+’ A.M. Best Rating Affirmed
Mar 4 2003 // A.M. Best Co. has affirmed the financial strength rating of “A+” (superior) for the Mayfield Village, Ohio-based Progressive Casualty Pool. At the same time, A.M. Best has affirmed the “a+” senior...
A.M. Best Affirms Rating of Egypt Re
Mar 3 2003 // A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of Egyptian Reinsurance Company (Egypt Re). The affirmation reflects the maintenance of excellent risk-adjusted capital adequacy and improved...
A.M. Best Lowers Kemper Cos. Ratings
Mar 3 2003 // A.M. Best Co. has lowered the financial strength rating to B (Fair) from B+ (Very Good) of the participants in the Kemper Insurance Companies (Long Grove, Ill.) inter-company pool, 10 reinsured affiliates and one domestic...
