credit ratings News

AM Best Upgrades Credit Ratings for Members of Arbella Insurance Group

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” from “a-” of Arbella Mutual Insurance Company and its three pooled insurance entities, Covenant Insurance Company in Farmington, …

AM Best Revises Outlooks to Positive for South Carolina’s Canal Group

AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of B++ (good) and the long-term issuer credit ratings of “bbb+” of Canal Insurance Company and Canal Indemnity Company, collectively referred to as Canal …

AM Best Assigns Credit Ratings to North Carolina’s Synergy Insurance Company

AM Best has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” to Synergy Insurance Company based in Charlotte, N.C. The outlook assigned to these credit ratings is stable. The ratings reflect Synergy’s …

AM Best Revises Outlooks to Negative for Pennsylvania’s Farmers

AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of B+ (good) and the long-term issuer credit rating of “bbb-” of Farmers Mutual Fire Insurance Company of McCandless Township (Farmers), based in Wexford, …

AM Best Revises Outlooks to Positive for New Hampshire’s Concord Group

AM Best has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of A (excellent) and the long-term issuer credit ratings (ICRs) of a+ for New Hampshire-based Concord Group. “The ratings of Concord Group reflect …

AM Best Revises Outlooks to Negative for Quincy Mutual Group Members

AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of A+ (superior) and the long-term issuer credit ratings of aa- for the members of Quincy Mutual Group. The group includes the lead company, …

AM Best Assigns Ratings to Reamstown, Affirms Ratings of Goodville

AM Best has assigned a financial strength rating (FSR) of A (excellent) and the long-term issuer credit rating (long-term ICR) of “a+” to Reamstown Mutual Insurance Company. The outlook assigned to these credit ratings is stable. Concurrently, AM Best has …

AM Best Downgrades Credit Ratings of California Casualty Group Members

AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of The California Casualty Indemnity Exchange in San Mateo, Calif., and its wholly owned subsidiaries. …

AM Best Revises Outlooks for Virginia Farm Bureau Mutual Insurance Company

AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” for the members of the Virginia Farm Bureau Group: Virginia Farm Bureau Mutual …

AM Best Removes from Under Review, Downgrades Ratings for American Sentinel

AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ (Good) from A (Excellent) and the Long-Term Issuer Credit Rating to “bbb” from “a” of American Sentinel Insurance Company of Harrisburg, Penn. …