Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Releases Country Risk Reports on Korea, Mexico
Nov 16 2001 // A.M. Best has released country risk reports covering the economic and risk factors for the markets in Korea and Mexico, focusing on the insurance sectors in both countries. The report notes that Korea has been especially...
A.M. Best Foresees Asbestos, Environmental Losses
Nov 12 2001 // A.M. Best Co. expects the property/casualty industry to incur upwards of $121 billion in net asbestos and environmental losses, according to the company’s special report, “Final Data Support A.M. Best’s...
Hardening Market Heralds Rush to Alternatives
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
A.M. Best Maintains Negative Outlook on SAFECO’s P/C Subsidiaries
Oct 25 2001 // In response to SAFECO’s recently announced loss reserve strengthening, A.M. Best Co. continues to maintain a negative outlook on the property/casualty operations’ financial strength rating of...
A.M. Best Provides Transcript for 10/02 Conference Call: State of the Insurance Industry and Rating
Oct 8 2001 // The long-term implications of the September 11 terrorist attacks for the insurance industry “will likely be far greater than the ultimate sum of the paid losses,” said Larry Mayewski, A.M. Best Co.’s...
A.M. Best Places Shelter Re’s Rating Under Review
Oct 4 2001 // A.M. Best Co. has placed the financial strength rating of “A-” for Shelter Reinsurance Co., Columbia, Mo., under review with negative implications. This rating action is based on several factors that have...
A.M. Best Places MIIX Group Under Review
Oct 3 2001 // A.M. Best’s ratings agency has placed the A- (Excellent) financial strength rating of New Jersey-based MIIX Group under review with negative implications following the company’s announcement that Richard...
A.M. Best Issues Comment and Rating Implications of Sept. 11 Attacks
Oct 2 2001 // Since the morning of Sept. 11, A.M. Best Co. has been gathering public and private information in order to assess the financial impact as well as the nuances of insurance coverage associated with the tragic attacks. To...
A.M. Best Announces Rating Actions
Sep 25 2001 // A.M. Best announced a series of rating decisions affecting companies in the U.S., Europe and Canada. On a positive note it affirmed the A+ (Superior) rating of the Swiss Group Winterthur and the A-(Excellent ) ratings for...
A.M. Best Expects Industry Losses to Exceed
Sep 24 2001 // Billion Although it is still too early to predict the financial impact of Sept. 11’s tragic events, A.M. Best Company stated last week that insurance industry losses are likely to exceed $30 billion, making this the...
Trenwick Group Under Review
Sep 24 2001 // A.M. Best Co. has placed the FSR of “A” for the Trenwick Group, Bermuda, under review with negative implications. Additionally, A.M. Best has placed all related debt ratings under review with negative...
A.M. Best Cancels, Reschedules Annual E-Fusion Information & Technology Conference September 21, 20
Sep 21 2001 // A.M. Best Co. announced that its conference, “E-Fusion: Finding the E-Payoff,” originally set for Oct. 21 to 23, 2001, has been rescheduled. The new date is Sept. 29 to Oct. 1, 2002, at the J.W. Marriott hotel...
A.M. Best Releases 6-Month Property/Casualty Results
Sep 11 2001 // The property/casualty insurance industry saw its worst second-quarter catastrophe losses in history in the period ended June 30, 2001, according to the latest A.M. Best report. Best said that catastrophe losses more than...
Surplus Lines Market Shows Growth Despite Sluggish Economy
Sep 10 2001 // From all accounts, the surplus lines market is alive and well in the United States despite an economy which continues to sputter in many sectors. Numbers from the Surplus Line Association (SLA) of California,...
Lloyd’s Affirmed, Negative Outlook Removed
Sep 10 2001 // A.M. Best Co. has affirmed the “A” rating of Lloyd’s and removed its negative outlook. The negative outlook was affirmed June 28 to reflect A.M. Best’s concerns over the accelerating rate of...
A.M. Best Downgrades Fireman’s Fund
Aug 30 2001 // A.M. Best Co. downgraded the financial strength rating of “A++” (Superior) to “A” (Excellent) for Fireman’s Fund Insurance Companies (FFIC), Novato, California. A.M. Best indicated the rating...
A.M. Best Downgrades CNA Reinsurance Co. Rating
Aug 29 2001 // A.M. Best Co. downgraded the financial strength rating of CNA Reinsurance Co. Ltd., London, to “B+ ” (Very Good) from “A-” (Excellent). The company remains under review with developing...
Hardening Market Heralds Rush to Alternatives
Aug 20 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Swiss Re, Tokio Marine Conclude $450 Million Cat Swap
Aug 17 2001 // A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and removed its negative outlook. This negative outlook was affirmed on June 28, 2001to reflect A.M. Best’s concerns over the...
Utah Workers’ Comp Fund Gets ‘A-‘ from A.M. Best
Aug 17 2001 // A.M. Best Company reaffirmed Workers’ Compensation Fund’s “A-” rating. According to A.M. Best, the rating reflects the mutual insurance company’s excellent financial strength, strong reserving...
