financial ratings News

Outlook for Farmers Alliance Mutual Insurance Revised to Negative

A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of C++ (Marginal) and the issuer credit rating of “b” of Farmers Alliance Mutual Insurance Co. (Farmers Alliance Mutual) in Coldwater, Mich. The revised …

S&P Affirms Berkshire Hathaway Insurance Units’ Ratings

Standard & Poor’s Ratings Services has affirmed its ‘AA+’ financial strength and long-term counterparty credit ratings on Berkshire Hathaway Inc.’s (BRK) operating insurance subsidiaries. The ratings apply to National Indemnity Co., Government Employees Insurance Co., General Reinsurance Corp., all related …

S&P Cuts Rating on Buffett’s Berkshire Holding Company But Not Insurance Units

Warren Buffett’s Berkshire Hathaway Inc. had its credit rating cut one notch by Standard & Poor’s, which cited a new methodology for evaluating insurers and Berkshire’s dependence on its insurance business for dividend income. The rating was cut to “AA” …

A.M. Best Upgrades Issuer Credit Ratings of Vermont Mutual Insurance

A. M. Best Co. said it has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of Vermont Mutual Insurance Company and its two fully reinsured subsidiaries, Northern Security Insurance …

S&P Threatens Downgrade of Insurers, Financial Firms Over Debt Ceiling

Standard & Poor’s Friday raised the pressure on debt negotiators in Washington, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms without a deal soon to lift the U.S. debt ceiling and cut …

A.M. Best Revises Outlook, Affirms Financial Rating of Andover Cos.

Ratings firm A.M. Best Co. has revised the outlook to negative from stable and affirmed the issuer credit ratings of “aa” of the Andover, Mass.-based Andover Companies Pool and its members. The members are Merrimack Mutual Fire Insurance Co. and …