Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Downgrades Ratings for AIG Subs; Ratings Stay Under Review
May 5 2005 // A.M. Best Co. has downgraded the Financial Strength Ratings (FSR) of most of American International Group Inc.’s (AIG) (New York) wholly-owned insurance subsidiaries to A+ (Superior) from A++ (Superior). This action...
A.M. Best Assigns Rating to California Insurance Co.
May 4 2005 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) to California Insurance Company (CIC) (San Francisco, Calif.), a wholly-owned subsidiary of Applied Underwriters Inc. (AUI) (Omaha, Neb.). The rating...
Best Affirms RenRe Subs Ratings; Downgrades Credit and Debt Ratings; Removes Ratings From Review
May 3 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Renaissance Reinsurance Ltd. (RenRe Ltd.) and the financial strength ratings of “A” (Excellent) of...
Best Affirms Ratings of PXRE
Apr 29 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a” of the reinsurance subsidiaries of the PXRE Group Ltd. (PXRE) (Bermuda). PXRE’s reinsurance...
Best Affirms Ratings for The Egyptian Reinsurance Co.
Apr 27 2005 // A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and the issuer credit rating of “bbb” of The Egyptian Reinsurance Company (Egypt Re) (Egypt). The outlook for both ratings is...
Best: U.S. P/C Industry Notes First Underwriting Profit Since ’78
Apr 25 2005 // The U.S. property/casualty industry reported improved operating results in 2004 for the second straight year, but for the first time since 1978, underwriting results were profitable, with a combined ratio of 97.9,...
A.M. Best Revises Generali Debt Ratings
Apr 22 2005 // Following its assignment of an “a+” rating to Generali’s 500 million euro ($653.4 million) debt issue (see previous article), A.M. Best Co. announced that it has revised the ratings of the debt...
Best Downgrades Zurich Specialties; Outlook Negative
Apr 22 2005 // A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A (Excellent) of Zurich Specialties London Limited (ZSL) (United Kingdom). The rating has been removed from under review with negative...
Best Affirms Rating for Lloyd’s Syndicate 2010
Apr 20 2005 // 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 2010 (United Kingdom), which is managed by Cathedral Underwriting...
Best Affirms FSR for Electro Re SA
Apr 20 2005 // A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and has upgraded the issuer credit rating to “bbb+” from “bbb” of Electro Re SA (Luxembourg). The outlook is stable. The...
Best Affirms Rating of TT Club; Revises Outlook to Positive; Assigns ICR
Apr 19 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Bermuda-based Through Transport Mutual Insurance Association Ltd. (TT Bermuda) and its wholly owned subsidiary...
Best Affirms FSR for Travelers PC Pool
Apr 19 2005 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Travelers Property Casualty Pool (Travelers PC Pool) (Hartford, Conn.). Concurrently, A.M. Best has affirmed the debt ratings of “a-”...
Best Affirms FSR for Harleysville
Apr 19 2005 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and assigned an issuer credit rating (ICR) of “a-” to Harleysville Insurance (Harleysville) (Harleysville, Pa.) and its...
Meadowbrook Insurance Group Obtains ‘B++’ Rating
Apr 19 2005 // Michigan-based Meadowbrook Insurance Group Inc. reported that the ratings of certain of its insurance company subsidiaries have been upgraded by A.M. Best Company to “B++” (Very Good). The upgrade reflects A.M....
Best Assigns Issuer Credit Ratings for AIG’s Insurance Subs; Ratings Status is Under Review
Apr 6 2005 // Following AIG’s announcement that the filing of the 2004 10K will be further delayed, possibly until April 30, 2005, and the disclosure of potential accounting adjustments, A.M. Best commented that the ratings of...
Downgrade of Calif. Auto Company Results from Reinsurance Broker Error
Apr 1 2005 // Effective immediately, AM Best has downgraded Workmen’s Auto Insurance Company from a B++ to a B(u), citing the company’s drop in surplus as the main reason for the downgrade. The company has filed a lawsuit...
A.M. Best Gives Service Insurance an ‘Excellent’ Rating
Mar 18 2005 // Service Insurance Company of Bradenton, Fla., hit with customer losses of more than $100 million in the four hurricanes that swept Florida in 2004, has received notice that it has been removed from A.M. Best’s rate...
A.M. Best Places AIG Ratings Under Review; Other Agencies Respond to Changes at the Top
Mar 16 2005 // A.M. Best Co. has placed the financial strength ratings of member companies of American International Group, Inc. under review with negative implications following their announcement that the chairman and CEO, Maurice...
Best Affirms FSR for Unitrin’s P/C, Life Companies
Feb 18 2005 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of the Unitrin Property and Casualty Insurance Group (Unitrin) (Dallas). The rating outlook is negative. A.M. Best has also affirmed the financial...
Best Downgrades Ratings for Inter-Ocean
Feb 18 2005 // A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-” from “a” for the reinsurance subsidiaries of Inter-Ocean Holdings...
