Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
New Markets
May 8 2006 // Architects & Engineers Nuts & Bolts: NAS Insurance Services Inc. offers architects and engineers errors and omissions insurance through qualifying wholesale brokers. The classes included, but not limited to,...
New Markets
May 8 2006 // Architects & Engineers Nuts & Bolts: NAS Insurance Services Inc. offers architects and engineers errors and omissions insurance through qualifying wholesale brokers. The classes include, but are not limited to,...
New Markets
May 8 2006 // Architects & Engineers Nuts & Bolts: NAS Insurance Services Inc. offers architects and engineers errors and omissions insurance through qualifying wholesale brokers. The classes included, but not limited to,...
New Markets
May 8 2006 // Architects & Engineers Nuts & Bolts: NAS Insurance Services Inc. offers architects and engineers errors and omissions insurance through qualifying wholesale brokers. The classes include, but are not limited to,...
Best Takes Various Rating Actions on Unitrin Inc.
Apr 29 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and assigned issuer credit ratings (ICR) of “a” to the Unitrin Property and Casualty Insurance Group (Unitrin)...
Best Downgrades and Withdraws Ratings of PXRE
Apr 13 2006 // A.M. Best Co. has downgraded the financial strength rating (FSR) to B (Fair) from B+ (Very Good) and the issuer credit ratings (ICR) to “bb” from “bbb-” for the reinsurance subsidiaries of the PXRE...
Rating Agencies React to Fairfax 10-K Filing; Part 1 – A.M. Best Affirms Ratings; Off Watch
Apr 4 2006 // The rating agencies have taken different actions on Fairfax Financial Holdings and its subsidiaries, including Odyssey Re Holdings in which Fairfax has an 80 percent stake, following the Group’s filing of its Form...
Best Assigns Casiopea Re ‘A-‘ Ratings
Mar 31 2006 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Luxembourg-based Casiopea Re S.A., the reinsurance captive...
A.M. Best Upgrades, Affirms Ratings of United America Indemnity Units
Mar 27 2006 // United America Indemnity, Ltd. reported that A.M. Best Company upgraded or affirmed its financial-strength rating for fourof its subsidiaries. Penn-America Group, Inc. was upgraded to A (Excellent); United National Group...
Best Affirms Lancashire Ratings; Removes from ‘Under Review’
Mar 27 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Lancashire Insurance Company. Concurrently, Best...
Insurers Report Progress on Asbestos Liabilities Funding, Says A.M. Best
Mar 27 2006 // During 2004, U.S. property/casualty insurers narrowed the funding gap in their asbestos and environmental loss reserves, principally for asbestos liabilities, as a result of 2004’s pretax charge of nearly $6 billion,...
Atlantic Mutual ratings fall as surplus drops $100 million
Mar 20 2006 // Ratings analysts who downgraded personal lines insurer Atlantic Mutual earlier this month will be meeting with the company in the coming weeks to review results of the fourth quarter and all of 2005 before deciding what to...
Best Affirms FSR for Lloyd’s Syndicate 609; Outlook is Stable
Mar 16 2006 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 609 (United Kingdom), which is managed by Atrium Underwriters...
Best Places Ratings for Lancashire Insurance Co. Under Review
Mar 15 2006 // A.M. Best Co. has placed the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of Lancashire Insurance Company (Lancashire) under review with negative implications....
Best Affirms Lloyd’s Synd. 958 Ratings
Mar 10 2006 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 958 with a stable outlook. “The ratings...
A.M. Best ‘Downgrades’ Vesta Insurance Group
Mar 9 2006 // Birmingham, Ala.-based Vesta Insurance Group Inc. has announced that A.M. Best has downgraded the company’s property casualty subsidiaries’ ratings to C++ (Marginal) from B (Fair). Best’s Ratings reflect...
Best Affirms FSR for Lloyd’s Syndicate 1225; Outlook is Stable
Mar 6 2006 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency...
Quanta Reports Increased Q4 Loss; Best Lowers Ratings
Mar 3 2006 // Quanta Capital Holdings Ltd. has reported preliminary financial results for the fourth quarter and full-year ended Dec. 31, 2005, “subject,” the company said, “to completion of review by its...
Best Affirms FSR for Chubb
Mar 2 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) of the property/casualty subsidiaries of The Chubb Corporation (Chubb) and has affirmed the issuer credit ratings (ICR) of “aa-”...
A.M. Best Gives FFVA Mutual an ‘A’
Feb 28 2006 // FFVA Mutual Insurance Company of Maitland, Fla. has been awarded an A rating (Excellent) from A.M. Best Company. It also received a “stable” outlook rating, indicating it is experiencing stable financial/market...
