insurance company ratings News

A.M. Best Ugrades Ratings of AmeriTrust Group Subsidiaries

AmeriTrust Group Inc.’s five insurance carrier subsidiaries have received an upgraded Financial Strength Rating (FSR) of “A-” (Excellent) from A.M. Best, the insurance industry credit rating organization. A.M. Best also upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” …

New Jersey Manufacturers Insurance Co. Ratings Downgraded a Notch

New Jersey Manufacturers Insurance Company’s stellar financial strength rating has been downgraded a notch by A.M. Best, based on concerns about its underwriting and operating performance. The workers’ compensation and commercial auto insurer now has a financial strength rating of …

Ratings of Pennsylvania-Based ARI Mutual Downgraded

A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to “bb” from “bbb-” of ARI Mutual Insurance Company based in Newtown, Pennsylvania. A.M. Best also has maintained the under review …

A.M. Best Assigns to ‘A-‘ Rating to Spinnaker Insurance Co.

A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Spinnaker Insurance Company (Spinnaker), Chicago, Ill. The outlook assigned to both ratings is stable. Spinnaker is a newly formed property/casualty insurance …

S&P to Factor Country Risk into Insurance Ratings

Standard & Poor’s will change the way it assigns global ratings to insurers, in part to increase the consideration of country risk in the way a company is evaluated, the credit ratings agency said on Thursday. The changes will apply …