AM Best ratings News

MS Amlin’s Long-Term Issuer Credit Rating Downgraded by AM Best

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of MS Amlin AG (Switzerland). The outlook of the Long-Term ICR has been …

AM Best Downgrades SCOR’s Ratings

AM Best announced Thursday that it has downgraded the financial strength rating to A (excellent) from A+ (superior) and the long-term issuer credit ratings to “a+” (Excellent) from “aa-” (Superior) of SCOR SE and its main operating subsidiaries. The rating …

AM Best Gives A+ Rating to PartnerRe’s New MGA-Driven Insurance Ops

AM Best has assigned an A+ financial strength rating of A+ (Superior) to PartnerRe Insurance Solutions Bermuda Ltd. (PartnerRe Ins Solutions BM Ltd), a newly added member of PartnerRe Ltd. The ratings outlook is stable. According to an AM Best …

AM Best Revises Mid-Hudson Group Outlooks to Negative, Affirms Ratings

AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Claverack Cooperative Insurance Co., Midrox Insurance Co. and Mid-Hudson Co-Operative Insurance …

Fidelis’ Credit Ratings Under Review After Announcing Plan to Create MGU: AM Best

AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Fidelis Insurance Bermuda Ltd., Fidelis Underwriting Ltd. (in the UK) and Fidelis Insurance Ireland …

AM Best Removes Ratings of Oklahoma’s Sutton Specialty From Under Review

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Sutton Specialty Insurance Company (Sutton Specialty) (Oklahoma City, OK), …

AM Best Revises Outlook for South Carolina-based Greenville Casualty

The AM Best rating firm has revised its outlook for South Carolina-based Greenville Casualty Insurance Co., from positive to stable. The insurer’s financial strength rating remained the same at “B (fair),” along with its long-term issuer credit rating, of “bb+ …

AM Best Raises Country Risk Level for Russia

The insurance rating firm AM Best said it has moved its country risk tier for Russia to a CRT-5 from a CRT-4 to reflect the “significantly heightened geopolitical, economic and financial system risk” in the country. Sanctions against Russia have …

AM Best Upgrades Ratings of Canada’s Co-operators General and Sovereign General

Ratings agency AM Best has 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 Co-operators General Insurance Co. and its subsidiary, Sovereign General Insurance Co. …

AM Best Assigns ‘Excellent’ Ratings to Insurtech Next Insurance

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to startup Next Insurance US Co., headquartered in Palo Alto, California. The outlook assigned to these ratings is stable. The …