Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
A.M. Best Says Reinsurer Financial Strength in Balance
Sep 11 2004 // A mix of positive and negative forces continues to influence the financial strength of reinsurers, according to A.M. Best Co. in the special report, Global Reinsurance. The net effect reportedly continues to be a largely...
A.M. Best Affirms Rating for Ansvar
Sep 9 2004 // A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of Ansvar Insurance Company Limited (Ansvar) (United Kingdom). The outlook remains stable. The rating reflects Ansvar’s very good...
A.M. Best Rating for Dao Heng Affirmed
Sep 9 2004 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Dao Heng Insurance Company Limited (DHI) (Hong Kong). The outlook is stable. The rating reflects DHI’s prudent capitalization, short-tail...
A.M. Best Moves Rating for Safeway Property Insurance Co. Under Review
Sep 8 2004 // A.M. Best Co. has placed the financial strength rating of B (Fair) of Florida-based Safeway Property Insurance Company under review with negative implications. This rating action is being taken as a result of the decline...
A.M. Best Announces Update of Rating Methodology
Sep 6 2004 // A.M. Best Co. has announced details of recent updates in its analysis of the “dynamics within insurance groups and the relationships between affiliated companies,” acknowledging that these relationships...
A.M. Best Comments on Potential Rating Implications from Hurricane Frances
Sep 3 2004 // A.M. Best Co. has recently taken rating actions on several Florida insurance companies in response to their reduced risk-adjusted capitalization due to losses from Hurricane Charley, as well as potential exposure to...
A.M. Best Places Allstate Floridian Under Review
Sep 2 2004 // A.M. Best Co. placed the financial strength rating of “A-” (Excellent) of Allstate Floridian Group under review with negative implications. All companies listed are affiliates of The Allstate Corporation and...
Best Assigns ‘A-‘ Rating to Aetna (Bermuda) Ltd.
Aug 30 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) to Aetna Life and Casualty (Bermuda) Ltd. (AL&C) with a stable outlook. “The rating reflects...
Best Assigns Ratings to Lloyd’s Syndicate 1084
Aug 27 2004 // A.M. Best Co. announced that it has assigned its Syndicate Rating of “A” (Excellent) to Lloyd’s Syndicate 1084, managed by Chaucer Syndicates Ltd., and an issuer credit rating (ICR) of...
A.M. Best Announces Update of Rating Methodology: Rating Members of Insurance Groups
Aug 18 2004 // A.M. Best Co. has announced details of recent updates in its analysis of the “dynamics within insurance groups and the relationships between affiliated companies,” acknowledging that these relationships...
A.M. Best Downgrades Safeway Property Rating
Aug 18 2004 // A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B++ (Very Good) of Safeway Property Insurance Company (Gainesville, Fla.). The outlook is negative. The rating downgrade recognizes the...
Best: Majority of Insurers Will Meet Charley Commitments; Industry Not to Be Significantly Weakened
Aug 16 2004 // In response to Hurricane Charley, A.M. Best Co. has been gathering public and private information in order to assess the financial impact the hurricane will have on the global property/casualty insurance and reinsurance...
Best Takes Rating Actions on Lloyd’s Syndicates
Aug 13 2004 // Following the upgrade of the financial strength rating to “A” (Excellent) from “A-” (Excellent) of Lloyd’s of London and the assignment of an issuer credit rating (ICR) of “a” (See...
Best Upgrades Lloyd’s Rating to ‘A’; Mgmt. Comments
Aug 13 2004 // A.M. Best Co. announced that it has upgraded Lloyd’s financial strength rating to “A” (Excellent) from “A-” (Excellent), and has assigned an issuer credit rating of “a” with a...
A.M. Best Downgrades Corifrance Rating
Aug 9 2004 // A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of Corifrance (Compagnie de Reassurance d’Ile de France) (France). The outlook is stable. The downgrade reflects A.M....
A.M. Best Sees Stable Ratings for Reinsurers
Aug 9 2004 // According to a report by A.M. Best Company, improved reported results for 2003 and the first quarter of 2004, stable equity markets, marginal increases in bond yields and raising of some fresh capital after two years of...
A.M. Best Affirms FSR for Island Heritage Insurance Co.
Aug 6 2004 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Island Heritage Insurance Company Ltd (Cayman Islands). The rating outlook is stable. The rating reflects Island Heritage’s excellent...
A.M. Best Affirms FSR, Debt Ratings of Safeco
Aug 3 2004 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Seattle-based Safeco Insurance Companies. Concurrently, A.M. Best has also affirmed the “bbb+” rating on Safeco’s existing...
A.M. Best Report: Canada’s P/C Industry Rebounded Strongly in 2003
Jul 27 2004 // As 2002 fades from memory as the worst performance year by the Canadian property/casualty insurance industry, 2003, on the other hand, will be remembered for the industry’s return to underwriting profitability and...
A.M. Best Downgrades Debt Ratings of St. Paul Travelers; Affirms Financial Strength Ratings
Jul 25 2004 // A.M. Best Co. has downgraded the debt ratings of St. Paul Travelers Companies Inc. (St. Paul Travelers) to “a-” from “a” on senior debt, “bbb+” from “a-” on subordinated...
