Ratings agency Moody’s Investors Service downgraded 15 of the world’s biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities; however, some banks criticized the …
State Compensation Insurance Fund has filed its first tiered rating plan with the California Department of Insurance. The plan, which would apply to policies renewing or incepting on or after Sept. 1, is a move to expand State Fund’s range …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of Auto-Owners Insurance Company and its four wholly owned property/casualty subsidiaries. Together the companies make up the Auto-Owners Insurance Group …
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 Eastern Insurance Holdings, Inc. (EIHI), which consists of Eastern Alliance Insurance Company, Allied Eastern Indemnity …
A.M. Best Co. has removed from under review with developing implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Bermuda-based Validus Re Americas, Ltd., and its affiliate, Validus Re Europe Limited (Ireland). …
A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Alterra Bermuda Limited and its affiliated operating companies. Best also revised …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and downgraded the issuer credit ratings (ICR) to “a” from “a+” of Wisconsin-based Church Mutual Insurance Company. The outlook for both ratings is stable. The rating actions …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its subsidiaries, as well as the ICR of “bbb” and debt ratings of the …
A.M. Best Europe – Rating Services Limited has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of ‘B++’ (Good) of Egypt’s Arab Misr Insurance Group S.A.E. (AMIG), and has revised its …
A.M. Best Europe – Rating Services Limited has downgraded the financial strength rating (FSR) to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of UK-based Brit Insurance Limited (BIL), and has kept the …
