October 31, 2014
A.M. Besthas upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of Greenlight Reinsurance Ireland Limited. Concurrently, A.M. Besthas affirmed the FSR of A (Excellent) and the …
October 17, 2014
Ratings agency A.M. Best said it has revised the outlook to “negative” from “stable” and affirmed the financial strength rating of “A- (Excellent)” and the issuer credit rating of “a-” of Frederick Mutual Insurance Co. in Frederick, Maryland. A.M. Best …
September 18, 2014
A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb” of the members of Houston, Texas-based Columbia Lloyds Companies: Columbia Lloyds Insurance Company and …
August 21, 2014
After two years of siphoning off unprofitable business, tightening underwriting and raising rates, Meadowbrook Insurance Group is looking forward to growing again, according to the company’s upper management. Even before ratings agency A.M. Best downgraded the Southfield, Mich.-based property/casualty insurer …
May 9, 2014
A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Badger Mutual Insurance Company (Badger Mutual), of Milwaukee, Wis. The revised outlook reflects Badger …
April 2, 2014
Hilltop Holdings Inc., a Dallas-based financial holding company with interests in financial services and insurance operations, announced an agreement to acquire SWS Group Inc., a holding company that provides investment and financial services through subsidiaries. SWS Group is also headquartered …
March 18, 2014
Public Service Mutual Insurance Co.’s exit from California’s workers’ compensation market isn’t a reflection of the health of the state’s workers’ comp system, according to the California Department of Insurance. The workers’ comp carrier is part of the Magna Carta …
February 26, 2014
Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are working, its chief executive said. In a Feb. 19 conference call …
January 31, 2014
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Swiss Reinsurance Company Ltd, European Reinsurance Company of Zurich Ltd, Swiss Re Europe S.A., based …
January 16, 2014
Ratings agency, A.M. Best, has placed under review with developing implications the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) of San Antonio, Texas. These rating actions follow the …