Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Pacific Pioneer Insurance Rating Upgraded to B++
Oct 26 2010 // A.M. Best Co. has upgraded the financial strength rating of Pacific Pioneer Insurance Co. to “B++” from “B+,” and issuer credit rating to “bbb” from “bbb-.” The outlook for...
Workers’ Compensation Results Spiral Down
Oct 18 2010 // The nation’s workers’ compensation insurance industry’s underwriting performance has continued to weaken as the composite combined ratio deteriorated 8.8 percentage points to 120.0 in 2009, representing...
Ratings Recap: FM Insurance, AMI (NZ), MISR, Greenlight Re Ireland
Oct 8 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of UK-based FM Insurance Company Limited...
Ratings Recap: Western General, Lumbermen’s, AttPro RRG, Aspen Specialty, ILM Group
Oct 8 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb+” of Western General Insurance Company. Best indicated that, although the outlook...
Workers’ Compensation Results Continue in Downward Spiral
Oct 4 2010 // The nation’s workers’ compensation insurance industry’s underwriting performance has continued to weaken as the composite combined ratio deteriorated 8.8 percentage points to 120.0 in 2009, representing...
Ratings Recap: Alterra (notes), Gulf Ltd., Barents Re, Middle East Insurance
Sep 28 2010 // A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $350 million 6.25 percent senior unsecured notes due 2020 of Delaware-based Alterra Finance LLC. The senior notes are fully and...
Ratings Roundup: BEST RE, SALAMA, Adamjee, Lonpac
Sep 24 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Tunisia’s BEST RE, both with stable...
Ratings Recap: Tapiola, Congregational, Asian Re, Int’l. Energy, Leadway
Sep 22 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Finland’s Tapiola General...
Best Lowers Macau Insurance Ratings; Outlook Revised to Stable
Sep 15 2010 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “a-” from “a” of Macau...
AM Best Downgrades Issuer Credit Rating of Georgia’s Southern General
Sep 14 2010 // A.M. Best Co. has downgraded the issuer credit rating of Southern General Underwriters Insurance Company (SGU) Marietta, Georgia, to “bbb” from “bbb+” and affirmed the financial strength rating of...
Ratings Roundup: AMEX, Castle Key, Torus, Hartford (debt)
Aug 25 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of AMEX Assurance Company, a wholly owned subsidiary of American Express Company. The...
Ratings Roundup: Infrassure, Africa Re, Ocaso
Aug 19 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Swiss-based Infrassure Ltd. and its affiliate, Infrassure Ltd., Vaduz, which is...
Ratings: Sunderland Marine, Continental Re, Abu Dhabi Ins., Oman Ins.
Aug 17 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of the UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI), both with...
State Farm Florida Ratings Lowered by A.M. Best
Aug 4 2010 // A.M. Best Co. has downgraded the financial strength rating to B- (Fair) from B (Fair) and issuer credit rating to bb- from bb of State Farm Florida Insurance Co., which is based in Winter Haven. The outlook for both...
A.M. Best Affirms Financial Strength of Florida Family, Lakeview Insurance
Aug 2 2010 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “bbb+” from “bbb” and affirmed the financial strength rating of B++ (Good) of Florida Family Insurance Co. and Lakeview Insurance Co....
Ratings Roundup: RMA Residential, Dorinco, NAICO
Jul 23 2010 // A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Risk Management Association of Illinois-based...
Donegal Ratings ‘Unchanged;’ Michigan under Review Negative Says Best
Jul 22 2010 // A.M. Best Co. has issued two bulletins following the announcement that the Donegal Group has entered into an agreement to acquire all of the outstanding stock of Michigan Insurance Co., a majority-owned stock subsidiary of...
A.M. Best Gives Positive Rating for Doctors Co. Acquisition
Jul 14 2010 // A.M. Best Co. has commented that the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Doctors Company Insurance Group (TDC) and its members, led by The Doctors Co., an...
Mercer Insurance Group Rating Upgraded to Stable From Negative
Jun 29 2010 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of Mercer Insurance Group of Pennington, N.J. The...
A.M. Best: P/C Insurer Financial Impairments Triple Since 2007
Jun 25 2010 // The number of financial impairments for U.S. property/casualty (P/C) insurers have more than tripled since 2007, the last full year before the current recession, rising to 18 in 2009, up from 16 in 2008 and from five in...
