Ratings News

Texas Mutual Receives Top Ratings from A.M. Best

Texas Mutual Insurance Co. announced it has received a financial strength rating of “A” (excellent) and an issuer credit rating of “a” from A.M. Best Co. A.M. Best also assigned the outlook of stable to both ratings. A.M. Best noted: …

Best Affirms Greenlight Re and Affiliates Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Greenlight Reinsurance, Ltd., as well as the FSR of ‘A-‘ (Excellent) and ICR of “a-” of Greenlight Re’s affiliate, …

Ratings Recap: Sirius (US), HDI-Gerling (US), Permanent General, Lexon/Bond Safeguard, Selective(NJ)

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of new York-based Sirius America Insurance Company, both with stable outlooks. Sirius America’s ratings “reflect its enhanced risk management strategy, its strategic …

Ratings Recap: Leadway, ICON Re, Montpelier Re (Notes)

A.M. Best Europe – Rating Services Ltd. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘B-‘ (Fair) and issuer credit rating of “bb-” of Nigeria’s Leadway Assurance Company Limited. Best explained that its …

Best Affirms OneBeacon and Subs Group Ratings; White Mountains

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of OneBeacon Insurance Company and its six pooled and four reinsured affiliates, collectively referred to as OneBeacon Insurance Group. Best …

Best Affirms Sirius International Group’s Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Sweden’s Sirius International Insurance Corporation (publ). Best also affirmed the ICR of “bbb” and …

Best Revises HDI V.a.G., Talanx ICR Outlook to Positive; Affirms Ratings

A.M. Best Europe – Rating Services Limited has revised the outlook of the issuer credit rating (ICR) to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the ICR of “a” of HDI Haftpflichtverband der …

Best Affirms XL Group’s P&C Subs, XLIT 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 property/casualty subsidiaries of the holding company, XL Group plc, which is based in Ireland, and led by XL …

Ratings Recap: Nacional Re, Barents Re, PMG, MS Frontier Re

A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Spain’s Nacional de Reaseguros, S.A., both with stable outlooks. Nacional’s ratings reflect its “strong risk-adjusted capitalization, …

Best Upgrades Hyundai Marine & Fire, China Sub’s Ratings

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of South Korea’s Hyundai Marine & Fire Insurance Co., Ltd (HMFI), as well as upgrading …