Ratings News

Best Revises ICR Outlook to Negative for QBE North America Group; Affirms Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the pooled and reinsured members of QBE North America Insurance Group (QBENA Group). These companies are key operating subsidiaries …

Best Affirms Allied World and Subs Ratings; FSR Outlook Stable; ICR Positive

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent and the issuer credit ratings (ICR) of “a” of Allied World Assurance Company, Ltd and its operating affiliates. The outlook for the FSR is stable, while the …

Best Revises ICR Outlook to Negative for QBE Group and Subs; Affirms Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe) Limited, QBE Re (Europe) Limited, and Australia-based QBE Insurance (International) …

Best Affirms Aspen UK, Bermuda and Subs Ratings; Outlook Stable

A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Aspen Bermuda Limited (ABL), as well as the ICR …

A.M. Best: Outlook Positive for Oklahoma’s National American Insurance Co.

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb+” of National American Insurance Co. (NAICO) in Chandler, Okla. NAICO is a specialty property/casualty …

Best Affirms Markel Corp. and U.S. Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the members of the Markel North America Insurance Group. Best also affirmed the FSR of ‘B++’ (Good) and ICR …

Best Affirms Markel International, Lloyd’s Syndicate Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company Limited (MIICL) and Lloyd’s Syndicate 3000. The outlook for all ratings remains …

A.M. Best Places Ratings of Meadowbrook Insurance Group Under Review

A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the subsidiaries of Meadowbrook Insurance Group Inc. (MIGI) of Southfield, Mich., which operate under …

A.M. Best Downgrades Texas-Based Columbia Lloyds, MDOW Insurance

A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit ratings to “bbb” from “a-” of Columbia Lloyds Insurance Co. (Columbia Lloyds) and its wholly owned and 100 percent reinsured subsidiary, MDOW …

Ratings Recap: Lancashire (notes), Adamjee, Milli Re

A.M. Best Co. has assigned a debt rating of “bbb” to $130 million 5.70 percent senior unsecured fixed interest notes due in 2022 of the recently filed offering by Bermuda-based Lancashire Holdings Limited. The net proceeds from the debt issuance …