Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Downgrades Rating for Optimum General’s Subsidiaries
Aug 19 2002 // A.M. Best Co. has downgraded the financial strength rating to C++ (Marginal) from B (Fair) of the property/casualty subsidiaries of Optimum General Inc. The subsidiaries include: Optimum Farm Insurance, Optimum Insurance...
A.M. Best Assigns Rating to XL Capital Ltd Preferred Shares
Aug 15 2002 // A.M. Best Co. has assigned an “a-” rating to Bermuda-based XL Capital Ltd.’s pending issue of 8,000,000 of 8.0 percent Series A preference ordinary shares, which may be increased by 1,200,000 if the over...
A.M. Best Places Ratings for Combined Specialty Group under Review
Aug 13 2002 // A.M. Best Co. has placed the financial strength ratings of the insurance subsidiaries operating within Combined Specialty Group, Inc. (CSG) under review with negative implications. The rating action follows Aon...
A.M. Best Affirms Rating of Allianz
Aug 8 2002 // A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Allianz AG Consolidated, Germany. At the same time, A.M. Best has downgraded Allianz’s debt ratings to “aa+” from...
A.M. Best Places Ratings for State Farm’s Calif. and Texas Subsidiaries under Review
Aug 1 2002 // A.M. Best Co. has placed 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 (Bloomington, Ill.),...
A.M. Best Affirms Rating of OneBeacon’s Subsidiaries
Aug 1 2002 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the insurance subsidiaries of OneBeacon Insurance Group, Boston. A.M. Best also affirmed the indicative shelf registration ratings for Fund...
A.M. Best Affirms Ratings of Wawanesa Mutual and Subsidiary
Jul 30 2002 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Wawanesa Mutual Insurance Company, (Winnipeg, Canada). The rating also applies to Wawanesa General Insurance Company of San Diego, its U.S....
A.M. Best Assigns Rating to Trust International Co. E.C.
Jul 19 2002 // A.M. Best Co. has assigned an initial financial strength rating of B+ (Very Good) to Bahrain-based Trust International Insurance Company E.C. (TIIC), a medium sized reinsurer. The rating reflects the company’s...
A.M. Best Co. Affirms HCC’s ‘A+’ (Superior) Rating
Jul 19 2002 // A.M. Best Company has affirmed an A+ (Superior) rating of Houston-based HCC Insurance Holdings, Inc. group of companies, consisting of Houston Casualty Company, U.S. Specialty Insurance Company and Avemco Insurance...
A.M. Best Affirms Rating of UIA
Jul 18 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” (Excellent) of UIA (Insurance) Limited, United Kingdom. The company’s excellent level of surplus and its niche position in the U.K. household...
A.M. Best Rates CAP-MPT ‘Excellent’ for 4th Straight Year
Jul 18 2002 // The A.M. Best Company has again assigned a rating of “A” (Excellent) to the Cooperative of American Physicians, Inc.-Mutual Protection Trust (CAP-MPT), a provider of medical professional liability protection...
A.M. Best Affirms Rating for Mapfre Reinsurance Corp.
Jul 17 2002 // A.M. Best Co. has affirmed the A (Excellent) financial strength rating of U.S.- based Mapfre Reinsurance Corporation (MRC), Florham Park, N.J. The outlook is stable. The affirmation reflects A.M. Best’s continued...
A.M. Best Affirms Rating of Subsidiaries of Alea Group
Jul 15 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of the insurance operating subsidiaries of the Alea group. The affirmation is based upon the excellent level of consolidated risk-based capital and...
A.M. Best Publishes Country Risk Methodology
Jul 15 2002 // New Jersey-based A.M. Best Co. has published its new Country Risk Methodology. A.M. Best uses country risk analysis to determine how the factors outside an insurer’s control affect its ability to meet its obligations...
S&P, A.M. Best, Stock Markets React to Munich Re Announcement
Jul 12 2002 // The reaction to Munich Re’s announcement that it would strengthen reserves at American Re and for the WTC attacks by a total of $2.5 billion (See IJ Website July 11) had a decidedly unsettling effect. Standard &...
A.M. Best Raises American Contractors
Jul 8 2002 // A.M. Best raised Dallas-based American Contractors Insurance Group’s (ACIG) financial strength rating from “A-” to “A.” The rating was based on the financial condition and performance of all...
A.M. Best Affirms Kemper Insurance Companies Rating
Jul 2 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of the Kemper Insurance Companies, Long Grove, Ill., with a stable outlook. The group’s rating has been removed from under review with...
La. Retailers Mutual Rated “B++” by A.M. Best
Jun 27 2002 // Louisiana Retailers Mutual Insurance Company has earned a “B++” rating from A.M. Best Company. The rating reflects the company’s solid capitalization, historically sound operating performance,...
S&P, A.M. Best Give “A” Ratings to Wellington Re
Jun 26 2002 // Standard & Poor’s assigned its single-‘A’ counterparty credit and insurer financial strength ratings to U.K.-based Wellington Reinsurance Ltd; while A.M. Best rated the London based reinsurer A...
PMA Capital Corp. Rating under Review by A.M. Best
Jun 26 2002 // A.M. Best Co. has placed the “A” (Excellent) financial strength rating of PMA Capital Insurance Company and the “A-” (Excellent) rating of PMA Insurance Group under Review with Negative...
