Ratings News

Best Affirms Lancashire’s ‘A’ Ratings; Stable Outlook

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Lancashire Insurance Company Limited and UK-based Lancashire Insurance Company (UK) Limited, collectively known as Lancashire. Best also affirmed the …

Ratings Recap: Conifer/White Pine, Millers First

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and downgraded the issuer credit rating to “bbb” from “bbb+” of Conifer Insurance Company. Best also affirmed the FSR of ‘B+’ (Good) and ICR of “bbb-” of …

Ratings Roundup: Delvag, Ocaso

A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘A'(Excellent) from ‘A-‘ (Excellent) and the issuer credit ratings to “a” from “a-” of Germany’s Delvag Luftfahrtversicherungs-AG and its subsidiary, Delvag Rueckversicherungs-AG, both with stable outlooks. …

Fitch Says Bermuda (Re)Insurers Should Weather Sovereign Downgrade

According to Fitch Ratings, “while insurance industry concerns factored into Tuesday’s downgrade of Bermuda,” it does not expect Bermuda (re)insurers to be affected, “as all our ratings of Bermuda (re)insurers remain below the new sovereign rating, which also has a …

A.M. Best on Court Ruling: No Effect on Most Health Insurers But Watching Small Insurers

Insurance rating organization A.M. Best Co. says the U.S. Supreme Court upholding the Patient Protection and Affordable Care Act (PPACA) will not have a ratings impact to the majority of health insurers. However, A.M. Best said it is maintaining a …

Ratings Roundup: MAPFRE PRAICO, Tunis Re

A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of MAPFRE PRAICO Insurance Company, its wholly owned subsidiary, MAPFRE Preferred Risk Insurance Company (PRICO), and an affiliate, MAPFRE Pan …

Best Sees No Change in MAPFRE USA Group Ratings

A.M. Best Co. has commented that the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” of the members of MAPFRE USA Group are unchanged following the recent market volatility surrounding Spain’s economic conditions, derived from …

Best Sees No Change in MAPFRE RE’s Ratings despite Spain’s Economic Woes

A.M. Best Europe – Rating Services Limited has commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of MAPFRE RE, Compania de Reaseguros, S.A. are unchanged following the recent market volatility surrounding …

Best Affirms, Assigns Ratings to GEICO and Affiliates; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of the members of Government Employees Group (GEICO), which is based in Chevy Chase, Maryland. Best also affirmed the ICR …

Ratings Recap: Transportation P&C, Ancon, Heddington

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Canadian insurer Transportation Property and Casualty Company Inc. (TPCC). Best said the “ratings …