A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed the ICR of “bbb” and debt ratings of …
Standard & Poor’s Ratings Services has followed up on its analysis of its ratings for Bermuda-based Ariel Reinsurance Co. Ltd. following the announcement that it is selling its Bermuda-based business to Arrow, a unit of Goldman Sachs, and its credit …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Panama’s Compania Internacional de Seguros S.A. (CIS), both with stable outlooks. Best said the ratings recognize CIS’ “consistently favorable operating results, …
The selloff of various parts of Ariel Re continues, as Arch Capital announced that it will acquire Ariel Re’s Credit & Surety reinsurance operations based in Zurich. The news follows an earlier announcement that Goldman Sachs is acquiring Ariel Re’s …
Both A.M. Best and Standard & Poor’s issued bulletins following the announcement that Ariel Re was selling off its Bermuda-based reinsurance business to Arrow, a unit of investment Bank Goldman Sachs, and its trade credit and surety (C&S) operations, which …
A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to “a-” from “bbb+” of Petroleum Marketers Management Insurance Company (PMMIC) of Des Moines, Iowa. The outlook for both ratings has …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Wisconsin-based McMillan-Warner Mutual Insurance Company (MWM). Best explained that the revised outlook reflects …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of” A’ (Excellent) and issuer credit rating of “a” of Bermuda-based PMG Assurance Ltd. Best said the ratings “reflect PMG’s excellent capitalization, its …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the main UK operating subsidiaries of the UK’s RSA Insurance Group plc. Best also withdrew …
A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Assurances Mutuelles de France (AM), both with stable outlooks. AM is a mutual reinsurer member of Covéa, …
