Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
AM Best: US P/C Industry Reverses Nine-Month Underwriting Loss
Dec 4 2024 // Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 billion versus a loss...
AM Best Revises Outlook for US Personal Lines Insurance Segment to ‘Stable’
Dec 2 2024 // AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, along with solid levels...
Outlook for US Commercial Insurance Segment ‘Stable’ as Profits Stay Strong: AM Best
Dec 2 2024 // AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment...
AM Best Upgrades Credit Rating of Texas Mutual
Nov 27 2024 // AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating to “aa-” (Superior) from “a+” (Excellent) of Texas Mutual Insurance...
AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’
Nov 25 2024 // Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to stable from negative thanks to improving loss ratios of the top 20 carriers this year. Underwriting...
AM Best Assigns Ratings to New York Healthcare Workers’ Compensation Carrier
Nov 19 2024 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) to Standard and Preferred Insurance Co. of Kew Gardens, New York. The outlook assigned...
AM Best Removes Under Review Status of Iowa’s Pharmacists Mutual
Nov 18 2024 // AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Pharmacists Mutual...
Global Reinsurers’ ROE Jumps to 22% in 2023 but Market Softening Unlikely: AM Best
Nov 18 2024 // AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 — a five-year high that was driven mainly by favorable investment income and strong underwriting performance....
State Residual Markets See Policy Count Double in 5 Years: AM Best
Nov 4 2024 // State-sponsored residual property markets have seen an influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and...
AM Best Withdraws Credit Rating of Farmers Mutual Insurance Co. of Michigan
Nov 4 2024 // AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term ICR of ‘b+’...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best
Nov 1 2024 // AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 – a five-year high that was driven mainly by favorable investment income and strong underwriting performance. The...
AM Best Removes Under Review Status of Iowa’s Pharmacists Mutual
Oct 30 2024 // AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Pharmacists Mutual...
AM Best Revises Outlook to Stable for American Family Mutual and Core Affiliates
Oct 24 2024 // AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+”...
AM Best Assigns Superior Credit Rating to Iowa-Based Berkley Luxury
Oct 23 2024 // AM Best has assigned a Financial Strength Rating (FSR) of A+ (Superior) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) to Berkley Luxury Insurance Company (Berkley Luxury), based in...
State Residual Markets See Policy Count Double in 5 Years: AM Best
Oct 22 2024 // State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and...
AM Best Revises Outlook to Positive for Kansas’ Upland Mutual
Oct 15 2024 // 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 Rating of “bbb+” (Good) of Upland Mutual Insurance, Inc....
AM Best Downgrades Credit Rating of Shelter Mutual
Oct 7 2024 // AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Shelter Mutual...
AM Best: Unfavorable Operating Performance Key Driver of Downgrades
Oct 7 2024 // Deteriorating market conditions and rising loss costs led to a 60 % increase in rating downgrades of AM Best-rated U.S.-based insurers in 2023 compared with two years earlier, according to a new report. The latest...
AM Best Downgrades Credit Ratings of Texas Farm Bureau
Oct 7 2024 // AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas...
AM Best Withdraws Credit Rating of Farmers Mutual Insurance Co. of Michigan
Oct 4 2024 // AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term ICR of “b+”...
