Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Withdraws Indicative Financial Strength Rating of Danish Re Bermuda Ltd.
Mar 11 2002 // A.M. Best Co. has withdrawn the A- (Excellent) indicative financial strength rating of Danish Re Bermuda Ltd., following the delay in completing a USD 200 million private equity placement offer to increase its underwriting...
A.M. Best Affirms Rating for XL Capital Group; Debt Ratings Assigned
Mar 7 2002 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) for the core operating subsidiaries of XL Capital Ltd., Bermuda, and the “a” rating on the $100 million 7.15 percent...
A.M. Best Removes Le Mars Mutual Insurance Co. of Iowa from Under Review
Mar 4 2002 // A.M. Best Co. has affirmed the “B+” (Very Good) financial strength rating of Le Mars Mutual Insurance Company of Iowa and removed it from under review with developing implications, as both parties have signed...
A.M. Best: Enron Bankruptcy Costs Insurers More than $3 Billion
Feb 25 2002 // According to a new report by A.M. Best, the bankruptcy of Houston-based energy trader Enron Corp. has affected the investment portfolios of a number of insurers. As of Sept. 30, 2001, the affected companies had more than...
A.M. Best Gives Builders Ins. Group ‘A-‘
Feb 25 2002 // Builders Insurance Group. was assigned an “A-” (Excellent), FSC VI rating by A.M. Best Co. Builders Insurance Group, headquartered in Atlanta, includes two insuring entities, Builders Insurance (a Mutual...
A.M. Best Downgrades MIIX Group Ratings
Feb 22 2002 // A.M. Best Co. has downgraded the financial strength rating of MIIX Group of Lawrenceville, New Jersey, and its two subsidiary companies, Lawrenceville Property & Casuaty Co., and MIIX Insurance Co. of NY, to B- (Fair)...
A.M. Best Downgrades Ratings for Legion Insurance Group and IPC Group
Feb 21 2002 // A.M. Best Co. has downgraded the “A-” financial strength rating of Legion Insurance Group to “B” with a negative outlook. In addition, the “A-” rating of the IPC Group was downgraded to...
A.M. Best Affirms PMA Capital
Feb 11 2002 // A.M. Best Co. affirmed the financial strength rating (FSR) of “A” on PMA Capital Insurance Group, Philadelphia, and removed it from under review. The rating was placed under review Sept. 27, 2001, due to...
A.M. Best Affirms PMA Capital
Feb 11 2002 // A.M. Best Co. affirmed the financial strength rating (FSR) of “A” on PMA Capital Insurance Group, Philadelphia, and removed it from under review. The rating was placed under review Sept. 27, 2001, due to...
A.M. Best Says Enron Bankruptcy is Costly to Insurers
Feb 8 2002 // The failure of energy-trading giant Enron Corp. has hit the portfolios of several insurers with investment exposures as of Sept. 30, 2001, totaling more than $3 billion, according to an A.M. Best statistical study. In...
A.M. Best Affirms Harleysville Ratings; Raises Palisades Group
Jan 29 2002 // A.M. Best has affirmed the financial strength rating of A (Excellent) for Harleysville Insurance, Harleysville, Pennsylvania and the “a-” debt rating for Harleysville Group Inc.’s existing senior notes....
A.M. Best Affirms Capitol Transamerica
Jan 28 2002 // A.M. Best Co. affirmed the financial strength rating of “A+” (Superior) for Capitol Transamerica Group, Madison, Wis., following Alleghany Corp.’s acquisition of the company. The rating reflects Capitol...
A.M. Best Lowers Allianz Canada Ratings to ‘A’ (Excellent)
Jan 24 2002 // A.M. Best announced that it has downgraded the financial strength ratings to A (Excellent) from A++ (Superior) for Allianz Insurance Company of Canada and its affiliated company, Trafalgar Insurance Company of Canada,...
A.M. Best Assigns ‘A- (Excellent)’ Rating to Endurance Specialty
Jan 23 2002 // A.M. Best has assigned an initial financial strength rating of A- (Excellent) to Endurance Specialty Insurance Ltd. the Bermuda-based insurance company recently formed by Aon and Zurich Financial Services following the...
A.M. Best Makes Available New Electronic Format for Best’s State Rate Filings
Jan 23 2002 // According to Business Wire, A.M. Best Co. is making available Best’s State Rate Filings — Express Delivery, a new downloadable Portable Document Format (PDF) version of the print edition of Best’s State...
A.M. Best Lowers Ratings on Royal and Sun
Jan 17 2002 // A.M. Best announced that it has downgraded the financial strength rating to A (Excellent) from A+ (Superior) of the U.K.’s Royal & Sun Alliance Insurance Group (RSA), and continues to have a “negative...
A.M. Best Affirms QBE Group Ratings
Jan 16 2002 // In three separate, but related, actions A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of QBE Reinsurance Europe, QBE International Insurance Ltd. and another subsidiary, Iron Trades Ins. Co. Ltd....
P/C Trends Gain Momentum after U.S. Attacks
Jan 16 2002 // According to A.M. Best Co., the unprecedented events of Sept. 11 have forever changed the way the insurance industry defines risk as both property and liability lines have been exposed to catastrophic risks that cannot be...
A.M. Best Lowers SCOR Ratings, Removes from Review
Jan 15 2002 // A.M. Best announced that it has downgraded the financial strength rating of France’s SCOR to A (Excellent) from A+ (Superior) and has removed the rating from under review. The new rating also applies to all of...
A.M. Best Affirms Lloyd’s
Jan 14 2002 // A.M. Best Co. affirmed the “A-” rating of the Lloyd’s market and has removed the “under review” status of the rating, which was applied in the aftermath of the terrorist attacks in the U.S. on...
