AM Best ratings News

AM Best Revises Outlooks to Stable for Philadelphia Contributionship Group

AM Best reports it has has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the members of the Philadelphia Contributionship Group that …

AM Best Affirms Arrow Mutual’s Ratings, Revises Outlooks Citing Claim Dispute

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Arrow Mutual Liability Insurance Co. AM Best said the credit ratings …

MS Reinsurance Gets Ratings Upgrades From AM Best and S&P

MS Reinsurance, the reinsurance subsidiary of MS&AD Insurance Group Holdings, has received rating upgrades from AM Best and S&P Global Ratings. On April 26, 2024, AM Best announced it had upgraded the company’s financial strength rating to “A+” (Superior) from …

AM Best Upgrades Rating of Hamilton Re, Hamilton Insurance DAC to “A” (Excellent)

AM Besthas upgraded the Financial Strength Rating to “A” (Excellent) from “A-” (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Hamilton Re Ltd., in Bermuda, and Hamilton Insurance Designated Activity Co., in Dublin, Ireland. …

Harvard Study Again Stirs the Pot on Demotech Ratings of Florida Carriers

A study by researchers from Harvard and Columbia universities and at the Federal Reserve has reopened the debate about the financial fortitude and the financial rating system for dozens of Florida property insurance companies. The president of Demotech, the firm …

AM Best Downgrades Ratings of State Farm General

Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those policies. Last week, State Farm cited its responsibility to …

AM Best Upgrades Credit Ratings of ClearPath Following Merger With Harford

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of ClearPath Insurance Co., which does business as ClearPath Specialty and …

AM Best Upgrades Credit Ratings of United Frontier Mutual, New Member of Allegany

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of United Frontier Mutual Insurance Co., which is headquartered in Lockport, New York. At …

AM Best Downgrades Ratings of JRG Re; James River Group Gets Negative Outlook

AM Best has downgraded the financial strength rating of JRG Reinsurance (JRG Re) to B++ (Good) from A- (Excellent) and the long-term issuer credit rating to “bbb+” (Good) from “a-” (Excellent), while placing JRG Re’s credit ratings under review with …

AM Best Revises Outlook for Georgia Farm Bureau Companies

The AM Best financial rating firm has slightly downgraded the credit rating outlook for two Farm Bureau companies after weather losses and a rise in reinsurance costs and inflation. The financial strength rating remained at “B++ (Good)” for Georgia Farm …