Ratings News

Best Affirms Ratings Samsung Fire & Marine (Europe) Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of Europe Limited (SFME), both with stable outlooks. Best noted: …

Best Affirms Horace Mann Educators and Subs ‘A-‘ Ratings

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 group, Horace Mann Insurance Group and its members. Best also affirmed the FSR of ‘A’ (Excellent) and …

Ratings Recap: Arab Orient, Tristar, ASSA, Arabia, ACR Capital

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of United Arab Emirates-based Arab Orient Insurance Company (PSC) (Orient), both with stable outlooks. The ratings reflect …

Outlook Revised to Positive for Texas-Based MGA 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 MGA Insurance Co. Inc. (MGA) in Dallas. The ratings agency noted that the …

Ratings Recap: Insurance Barbados, Talanx (Notes), Ability Re, Newport Bonding

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Insurance Corporation of Barbados Limited (ICBL), both with stable outlooks. The ratings reflect ICBL’s “solid capitalization, leading market presence in its …

Best Affirms Chubb Corp. and Subs ‘A++’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its property/casualty members. Best also affirmed the ICR of “aa-“, senior debt …

Ratings Recap: ARABIA Co-op, ARABIA Insurance (Jordan)

A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to Saudi Arabia-based ARABIA Insurance Cooperative Company (AICC), both with stable outlooks. The ratings reflect AICC’s “improving …

Best Lowers, Withdraws Omega Specialty Ratings; Affirms Lloyd’s Syndicate 958

A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 958, which is managed by Omega Underwriting Agents Limited. The outlook for both …

A.M. Best Upgrades Issuer Credit Rating of Ohio’s Club Insurance

A.M. Best Co. has upgraded the issuer credit rating (ICR) to “bbb+” from “bbb” and affirmed the financial strength rating of B++ (Good) of Club Insurance Co. (Club) in Worthington, Ohio. The outlook for all ratings is stable. The ratings …

Ratings: United Overseas, Aspen (Pref. Shares), BF&M, Island Heritage

A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a+” to Singapore-based United Overseas Insurance Limited (UOI); both ratings have a positive outlook. Best said the ratings “reflect UOI’s solid risk-adjusted …