Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
CopperPoint Completes Acquisition of Alaska National, AM Best Upgrades Rating
Dec 17 2019 // Phoenix, Ariz.-based CopperPoint Insurance Cos. has completed its acquisition of Alaska National Insurance Co. The forecasted enterprise financial results as of Dec. 31 are roughly $625 million of written premium, a...
A.M. Best Sees Personal Insurance Business Outlook Remaining Stable for 2020
Dec 16 2019 // A.M. Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance in the private passenger...
Commercial Insurance Market Stable in 2020: A.M. Best
Dec 16 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
Ratings of Kansas’ Farmers Alliance Mutual Insurance, Subsidiaries Upgraded
Dec 13 2019 // AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of McPherson, Kansas-based Farmers Alliance Mutual...
AM Best Downgrades Ratings of Governmental Interinsurance Exchange in Illinois
Dec 11 2019 // AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” from “a-” of Governmental Interinsurance Exchange (GIE), in...
Credit Ratings of Illinois’ National Fire and Casualty Downgraded
Dec 10 2019 // AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” from “a-” of National Fire and Casualty Co. (NFC), based in...
A.M. Best Sees Personal Insurance Business Outlook Remaining Stable for 2020
Dec 9 2019 // A.M. Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance in the private passenger...
A.M. Best Weighs In With Stable Commercial Insurance Outlook for 2020
Dec 9 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
AM Best Upgrades Rating of Texas Hospital Insurance Exchange
Nov 26 2019 // AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Texas Hospital Insurance Exchange...
AM Best Withdraws Credit Ratings of Members of Wisconsin County Mutual Group
Nov 25 2019 // AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” of Community Insurance Corporation and Wisconsin County Mutual Insurance Corp., both domiciled...
AM Best Revises Outlooks to Positive for South Carolina’s Canal Group
Nov 22 2019 // AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of B++ (good) and the long-term issuer credit ratings of “bbb+” of Canal Insurance Company and Canal Indemnity...
Mitsui Sumitomo Insurance’s Rating Unchanged with Reorganization: AM Best
Nov 21 2019 // The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company, MS&AD Insurance Group Holdings (MS&AD), that it plans to reorganize its...
Outlooks Revised to Negative for Members of Texas’ Slavonic Mutual Group
Nov 20 2019 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Slavonic Mutual Fire Insurance...
AM Best Assigns Credit Ratings to North Carolina’s Synergy Insurance Company
Nov 18 2019 // AM Best has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” to Synergy Insurance Company based in Charlotte, N.C. The outlook assigned to these credit ratings...
AM Best Comments on California Insurance Co. Ratings Following Regulatory Action
Nov 13 2019 // AM Best on Wednesday said the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of California Insurance Co. and its pooled insurance affiliates, collectively referred to...
AM Best Revises Outlooks to Negative for Pennsylvania’s Farmers
Nov 13 2019 // AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of B+ (good) and the long-term issuer credit rating of “bbb-” of Farmers Mutual Fire Insurance Company of...
AM Best Reviews Argo Group’s Ratings in Reaction to SEC Probe, Watson Exit
Nov 8 2019 // AM Best has placed the credit ratings of Argo Group International Holdings Ltd. and its subsidiaries under review with negative implications. These actions are a reaction to the sudden departure of Mark E. Watson III,...
A.M. Best Says Insurers Challenged by ‘New Normal’ of California Wildfires
Oct 31 2019 // While the number of burned acres in 2019 is still well below the number reported last year through October, experts predict the greatest fire potential will occur from now through December as the Santa Ana winds pick up,...
A.M. Best Won’t Publish Its Carrier Innovation Scores At First
Oct 25 2019 // A.M. Best plans to start assessing innovation as part of the credit rating methodology it uses to evaluate carriers in the first half of 2020, Chief Rating Officer Stefan Holzberger said. The initiative, disclosed earlier...
Reinsurers’ Earnings to Be Hit After 3rd Year of Major Claims: AM Best
Oct 23 2019 // Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to AM Best. “Three...
