Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Revises Outlook for Southern Mutual Church Insurance Co.
Apr 1 2015 // A.M. Best has revised the outlook to stable from negative for the financial strength rating (FSR) and the issuer credit rating (ICR) of Southern Mutual Church Insurance Co. (SMCIC) of Columbia, S.C., while affirming the...
A.M. Best: Germanwings Crash May Put More Pressure on Aviation War Sector
Mar 31 2015 // A.M. Best said the total insurance loss of Germanwings Flight 4U9525, which crashed in the French Alps on March 24, 2015 killing 150 people, may put further pressure on the beleaguered aviation war sector. The total...
A.M. Best Downgrades Ratings of Southern General Insurance Co.
Mar 26 2015 // A.M. Best has downgraded the financial strength rating to B- (Fair) from B (Fair) and the issuer credit rating to “bb-” from “bb” of Southern General Insurance Co. (SGIC) of Marietta, Ga. The...
IAIS’ International Capital Standards Have Ambitious Timeline: A.M. Best
Mar 25 2015 // Given the potential wide-reaching impacts on pricing, products, investment strategies and the cost of capital, A.M. Best doubts that the ambitious timeline can be met to develop and implement international capital...
A.M. Best: India Law to Raise Foreign Investment Interest in Insurance Sector
Mar 24 2015 // There will be heavy interest fromforeign investors in India’s insurance sector now that global insurers are permitted to increase their stakes in Indian companies, according to a new briefing from A.M. Best. The...
A.M. Best Downgrades South Carolina Farm Bureau Group Members
Mar 23 2015 // A.M. Best has downgraded the financial strength rating to B+ (Good) from B++ (Good) and the issuer credit ratings to “bbb-” from “bbb” of South Carolina Farm Bureau Mutual Insurance Co. and Palmetto...
A.M. Best Affirms Ratings of Louisiana-Based AMERISAFE, Subsidiaries
Mar 20 2015 // A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings (ICR) of “a” of DeRidder, La.-based AMERISAFE Inc. and its property/casualty subsidiaries: American Interstate...
A.M. Best Affirms Ratings of Third Point Reinsurance & Subsidiaries
Mar 20 2015 // A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Third Point Reinsurance Company Ltd. (TPRCL) (Bermuda) and Third Point Reinsurance...
A.M. Best Downgrades Ratings of Greenville Casualty Insurance Co.
Mar 20 2015 // A.M. Best has downgraded the financial strength rating to B- (Fair) from B (Fair) and the issuer credit rating to “bb-” from “bb” of Greenville Casualty Insurance Co. (Greer, SC). The outlook for...
A.M. Best Upgrades Michigan Millers Mutual Insurance Ratings
Mar 18 2015 // A.M. Best has removed from under review with positive implications and upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb” of...
A.M. Best Report: Caribbean General Insurers Still Profitable Despite Challenges
Mar 17 2015 // The Caribbean general insurance market remains profitable, albeit challenging, for participants, according to an A.M. Best special report titled “Caribbean-based General Insurers: What Lies Ahead?” The report...
A.M. Best: China’s Solvency Rules Will Alter Reinsurance Buying Decisions
Mar 12 2015 // China’s new solvency regime will encourage direct insurers to revise their reinsurance programs, or panel of insurers, in order to better manage their solvency requirement arising from reinsurance credit risk,...
A.M. Best Downgrades Ratings of South Carolina Farm Bureau Group Members
Mar 11 2015 // A.M. Best has downgraded the financial strength rating to B+ (Good) from B++ (Good) and the issuer credit ratings to “bbb-” from “bbb” of South Carolina Farm Bureau Mutual Insurance Co. and Palmetto...
What’s Driving Nonstandard Auto – Technology, Consolidation, Population Changes, Fuel Specialty, Opportunity
Mar 9 2015 // The nonstandard auto market is characterized by substandard operating performance. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many are struggling to...
A.M. Best: State Farm Lloyds Ratings Unchanged After Texas Settlement
Mar 4 2015 // A.M. Best says the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb” of State Farm Lloyds in Dallas are unchanged following the announcement that it has reached a settlement...
A.M. Best: New UAE Regulations Should Improve Risk Profile of Insurers
Feb 27 2015 // The Insurance Authority (IA) of the United Arab Emirates recently issued new financial regulations, which are well placed to improve the risk profile and policyholder security of UAE insurers, according to A.M. Best in a...
Ratings of Houston-Based Delta Lloyds Insurance Co. Downgraded
Feb 24 2015 // Ratings agency A.M. Best has downgraded the financial strength rating (FSR) to B+ (Good) from B++ (Good) and the issuer credit rating (ICR) to “bbb-” from “bbb+” of Delta Lloyds Insurance Co. of...
A.M. Best Downgrades Ratings of Philadelphia Contributionship Group
Feb 18 2015 // A.M. Best said Wednesday it has downgraded the financial strength rating to A (Excellent) from A+ (Superior) and the issuer credit ratings to “a+” from “aa-” of The Philadelphia Contributionship for...
A.M. Best: European (Re)Insurers Face Pressure Points; Ratings Are Stable
Feb 18 2015 // The recent unveiling by the European Central Bank (ECB) of its large-scale sovereign bond buying program is just one of the pressure points building in Europe that could affect insurers and reinsurers’ balance...
A.M. Best: Geopolitical Tensions Hit Insurers’ Prospective Growth in Russia
Feb 12 2015 // Heightened geopolitical tensions spilling over from the Russia-Ukraine crisis, high interest and inflation rates, and low commodity prices are placing pressure on Russia’s economy and its insurance industry’s...
