A.M. Best News

A.M. Best Issues Ratings for Andover Companies Pool Members

A.M. Best has removed from under review with negative implications, downgraded the Long-Term Issuer Credit Ratings to “aa-” from “aa” and affirmed the Financial Strength Rating of A+ (Superior) for the members of Andover Companies Pool. The outlook assigned to …

A.M. Best Removes from Under Review, Upgrades Ratings of Great Plains Casualty

A.M. Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from “bbb+” of Great Plains Casualty Inc. (Great Plains) in …

Outlooks Revised to Stable for Louisiana’s Stonetrust Commercial Insurance

A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of workers’ compensation insurer, Stonetrust Commercial Insurance Co. (Stonetrust), headquartered in Baton Rouge, …

Issuer Credit Rating of Wisconsin’s McMillan-Warner Mutual Downgraded

A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of McMillan-Warner Mutual Insurance Co. (MWM) in Marshfield, Wisconsin. The outlook of the Long-Term ICR …

Outlooks Revised to Positive for Louisiana Farm Bureau Mutual

A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Louisiana Farm Bureau Mutual Insurance Co. (Louisiana Farm Bureau) in Baton …

Ratings Assigned to Wisconsin’s JM Specialty Insurance

A.M. Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” to JM Specialty Insurance Co. (JMSI) in Neenah, Wisconsin. The outlook assigned to these Credit Ratings (ratings) is stable. These ratings …

Peak Re to Get Capital Boost After Prudential Financial Buys 13.1% Stake: A.M. Best

A wholly owned subsidiary of Prudential Financial Inc. (PFI) has signed definitive agreements to purchase a 13.1 percent stake in Peak Reinsurance Holdings Ltd., the sole shareholder of Hong Kong-based Peak Reinsurance Co. Ltd. Prior to the transaction, Fosun International …

Marine P&I Clubs Face Intense Pricing Pressures in February Renewals: A.M. Best

While the balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, underwriting discipline will be tested over the February 2018 renewal period, according to a report by A.M. Best. Intense competition, exacerbated by …

A.M. Outlook Revised to Positive for Grinnell Mutual Reinsurance, Subsidiary

A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” of Grinnell Mutual Reinsurance Co. and …

Ratings Outlooks Revised to Positive for South Dakota Insurer

A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Northwest G.F. Mutual Insurance Co. (NWGF) in Eureka, South Dakota. The ratings …