Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Ratings Roundup: S&P Lowers Eureko; A.M. Best Lowers Gerling and Trenwick
Oct 21 2002 // Standard & Poor’s has lowered its ratings on the Netherlands-based Eureko insurance group to single-‘A’-plus from double-‘A’-minus, while A.M. Best announced that it has lowered its...
A.M. Best Reports Ratings for Travelers Group Unaffected
Oct 17 2002 // A.M. Best Co. said the A++ (Superior) financial strength rating of the Travelers Property Casualty Pool (Hartford, Conn.), the financial strength ratings of the other Travelers Property Casualty Group members, the debt...
A.M. Best Affirms Chubb’s Financial Strength and Debt Ratings
Oct 16 2002 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of The Chubb Corporation’s property/casualty subsidiaries. Additionally, A.M. Best has affirmed the “aa” senior debt ratings of...
A.M. Best Lowers Ratings on GE Global Insurance and Affiliates
Oct 15 2002 // A.M. Best Co. announced that it has lowered the financial strength ratings to A+ (Superior) from A++ (Superior) of Employers Reinsurance Corporation (ERC) and its affiliated domestic and international non-life and life...
A.M. Best Lowers Ratings for GE Global and Affiliates
Oct 14 2002 // A.M. Best Co. has lowered the financial strength ratings to A+ (Superior) from A++ (Superior) of Employers Reinsurance Corporation, and its affiliated domestic and international non-life and life reinsurance companies,...
A.M. Best Announces the Addition of Nevada to its State Rate Filings
Oct 10 2002 // A.M. Best Co. announced that it will add the state of Nevada to its monthly publication of Best’s State Rate Filings. This essential publication helps professionals to track and monitor rate-filing activity...
A.M. Best Affirms Cornhill Insurance ‘A++’ (Superior) Rating
Oct 8 2002 // A.M. Best Co. announced that it has affirmed the A++ (Superior) financial strength rating of Cornhill Insurance PLC, the U.K. subsidiary of Germany’s Allianz Group, with a negative outlook. Best’s report...
Despite Better Pricing, A.M. Best Reports P/C Rating Downgrades Outpace Upgrades
Oct 8 2002 // The property/casualty industry saw a gain in the number of rating downgrades issued by A.M. Best Co. for the second consecutive year, according to the special report, “Rating Downgrades Outpace Upgrades Despite...
A.M. Best E&S Review Reports 35 Percent Increase in Direct Premium Volume
Oct 8 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
A.M. Best Affirms Ratings, Removes State Farm’s Calif., Texas Subsidiaries From Under Review
Oct 8 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
A.M. Best Downgrades Rating of Crusader Ins. Co.
Oct 4 2002 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) of Crusader Insurance Company in Woodland Hills, Calif. The outlook is negative. This rating action follows an Aug. 13, 2002,...
A.M. Best Affirms ‘A-‘ (Excellent) Rating of Corifrance
Oct 1 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Paris-based Corifrance and assigned it a stable outlook. “The rating reflects the maintenance of an excellent level of financial strength...
A.M. Best Places Rating of Nodak Mutual Group Under Review
Sep 30 2002 // A.M. Best Co. announced that it has placed the financial strength rating of B++ (Very Good) of Nodak Mutual Group (Fargo, ND) under review with negative implications. “The rating action reflects the September 23,...
Zurich Downgraded
Sep 30 2002 // A.M. Best Co. downgraded the financial strength rating of Zurich Financial Services (ZFS) and its core operating subsidiaries to “A” from “A+.” A.M. Best has also downgraded the ratings on debt...
Zurich Downgraded
Sep 30 2002 // A.M. Best Co. downgraded the financial strength rating of Zurich Financial Services and its core operating subsidiaries to “A” from “A+.” A.M. Best has also downgraded the ratings on debt issued or...
Royal & Sun Alliance Ratings Lowered
Sep 30 2002 // A.M. Best Co. lowered the financial strength rating to “A-” from “A” of Royal & Sun Alliance Insurance Group plc (R&SA), U.K., and its core subsidiaries. Concurrently, it downgraded the...
A.M. Best Affirms SCOR’s ‘A’ (Excellent) Ratings
Sep 27 2002 // A.M. Best announced that it has affirmed the “A (Excellent)” financial strength rating of France’s SCOR Group with a stable outlook. “The affirmation reflects SCOR’s maintenance of excellent...
A.M. Best Affirms Allianz ‘A++’ (Superior) Ratings, Puts U.S. Subs “Under Review”
Sep 23 2002 // A.M. Best Co. announced that while it has affirmed the financial strength rating of A++ (Superior) of Allianz Ag and its core entities, it has assigned them a “negative outlook,” and has placed Allianz’...
A.M. Best Affirms Hiscox ‘A-‘ (Excellent) Rating
Sep 19 2002 // A.M. Best Co. announced that it has affirmed the A- (Excellent) financial strength rating of the U.K.’s Hiscox Insurance Company Limited (Hisco) with a stable outlook. The London-based insurer, a wholly owned...
A.M. Best Affirms Zenith National Ratings
Sep 17 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Zenith National Insurance Group of Woodland Hills, Calif. The financial strength rating applies to three intercompany pool members and is based...
