Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
New Markets
Dec 10 2006 // Monoline Auto Classes, Small Commercial Businesses Nuts & Bolts: Zurich’s small business agents now have more than 500 monoline auto classes to sell. The company has opened an additional 257 existing America...
New Markets
Dec 10 2006 // Coastal Property – Texas Nuts & Bolts: Western Security Surplus has increased capacity to write coastal property coverage in Texas, including wind and hail, Tier 1 and 2 counties. The property coverage is...
Best Affirms Beazley’s Lloyd’s Syndicate 2623 & 623 Ratings
Dec 8 2006 // A.M. Best Co. has affirmed its Syndicate Ratings of “A” (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623 and Lloyd’s Syndicate 623, managed by the...
A.M. Best Rates Pfizer Insurance Captive A- Excellent
Nov 29 2006 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) to Blue Whale Re Ltd. of Burlington, Vermont. The rating outlook is stable. A.M. Best said the rating reflects the company’s “strong...
Best Affirms Aspen (UK), Aspen Holdings (Bermuda) Ratings
Nov 26 2006 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Aspen Insurance UK Limited (AIUK). Best also affirmed the ICR of...
New Markets
Nov 20 2006 // Employed Lawyers Protection Nuts & Bolts: Philadelphia Insurance Cos. launched Employed Lawyers Protection Plus, a product that protects attorneys working as in-house counsel, their support staff and eligible...
New Markets
Nov 20 2006 // New Business Owners Policy Nuts & Bolts: Victor O. Schinnerer & Co. has a business owners policy (BOP) with broader limits and coverage in its DesignOne program. Policy changes include: off premises coverage may...
New Markets
Nov 19 2006 // New Business Owners Policy Nuts & Bolts: Victor O. Schinnerer & Co. has a business owners policy (BOP) with broader limits and coverage in its DesignOne program. Policy changes include: off premises coverage may...
Majestic Insurance Receives Rating Upgrade
Nov 17 2006 // A.M. Best Co. has upgraded the financial strength rating (FSR) of Majestic Insurance Co. of San Francisco to A- from B++, removed the ratings from under review and assigned an issuer credit rating (ICR) of...
Best Rates Ariel Re ‘A-‘
Nov 14 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Ariel Reinsurance Company Ltd. Best also assigned an...
Best Upgrades London General to ‘A-‘
Nov 7 2006 // A.M. Best Co. has upgraded the financial strength rating to “A-” (Excellent) from “B++” (Very Good) of the U.K.-based London General Insurance Company Limited (LGI) and Combined Life Assurance...
Best Rates Faraday Re ‘A++’
Nov 7 2006 // A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) and the issuer credit rating of “aa+” of U.K.-based Faraday Reinsurance Co. Limited, a subsidiary of Germany’s...
New Markets
Nov 6 2006 // New Construction, Remodelers, Owner/Developers Nuts & Bolts: Network E&S Insurance Brokers LLC has a new limited access Builder’s Risk/Contractors Equipment Program for both residential and commercial....
New Markets
Nov 6 2006 // Privacy and Security Coverage Enhancements Nuts & Bolts: Underwriting manager and claims administrator Euclid Managers LLC have a set of security and privacy coverage enhancements that can be endorsed onto any of the...
New Markets
Nov 5 2006 // High Value Homeowners Program Nuts & Bolts: Crawley Warren Insurance Services Inc. announced its new customized High Value Homeowners Program (HVH) for high net worth clients in California. This non-admitted product...
New Markets
Nov 5 2006 // New Construction, Remodelers, Owner/Developers Nuts & Bolts: Network E&S Insurance Brokers LLC has a new limited access Builder’s Risk/Contractors Equipment Program for both residential and commercial....
New Markets
Nov 5 2006 // Non-Profit Organization D&O Liability Nuts & Bolts: Arrowhead General Insurance Agency Inc. is offering a not-for-profit directors and officers program designed to insure small to medium IRS tax-exempt 501(c)3...
Agents Should be Unaffected by Pending Sale of Merchants Group
Nov 2 2006 // Merchants Group, Inc. in Buffalo, N.Y., which sells property casualty insurance through Merchants Insurance Co. of New Hampshire, has agreed to be bought by American European Group, Inc, a private insurance holding...
Aon Re Intercedes with A.M. Best for Lloyd’s Clients
Oct 25 2006 // Aon Re Global, the Chicago-based reinsurance broker, notes that it “recently facilitated communications between rating agency A.M. Best and Lloyd’s that resulted in a clarification of Best’s treatment of...
New Markets
Oct 23 2006 // Terrorism Insurance Nuts & Bolts: Hiscox USA, U.S. subsidiary of Hiscox plc, a provider of specialty insurance, is now providing terrorism insurance in the U.S. The coverage will be offered to brokers through Hiscox...
