The Class of 2020: Capital Raising for Existing Firms or Insurance Startups? July 16, 2020 By Susanne Sclafane Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up...
U.S. Commercial Auto Insurers Report Worst Losses in Decade: AM Best June 30, 2020 The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years...
Outlooks Revised to Negative for Indiana’s NAMIC Insurance May 15, 2020 AM Best reported it revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent)...
AXIS Gets AM Best Ratings Downgrade on ‘Deterioration’ of Operating Performance May 6, 2020 AM Best has downgraded the credit ratings of Bermuda-based AXIS Capital Holdings and its subsidiaries. The re/insurer has had its...
AM Best: Outlooks Negative for Wisconsin’s McMillan Warner Mutual Insurance March 27, 2020 AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and...
A.M. Best Downgrades Rhode Island’s Providence Mutual March 24, 2020 The Providence Mutual Fire Insurance Co. has been dealt a financial strength rating downgrade from A.M. Best. A.M. Best said...
AM Best to Test Insurers for Coronavirus Impact; Fitch Lowers Allstate Outlook March 18, 2020 Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance...
P/C Insurers Score Low for Innovation, While Reinsurers Do Better: AM Best March 18, 2020 By Susanne Sclafane In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty...
Arkansas’ Southern Pioneer P/C Insurance Acquired by Biglari; Ratings Unchanged March 16, 2020 AM Best said the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb”...
How Much U.S. P/C Insurance Bottom Line Grew in 2019: A.M. Best March 10, 2020 Net underwriting income for the U.S. property/casualty insurance industry in 2019 grew by $4.9 million from 2018, A.M. Best said...