Ratings News

A.M. Best Upgrades Rating of Greenlight Reinsurance Ireland

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 …

A.M. Best Revises Outlook to Negative for Frederick Mutual in Maryland

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 …

Outlook for Texas-Based Columbia Lloyds Insurance Revised to Stable

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 …

Meadowbrook Insurance Eyes Modest Growth in 2015

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 …

Outlook Revised to Negative for Badger Mutual Insurance; A- Rating Affirmed

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 …

Hilltop Holdings Inc. to Acquire SWS Group

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 …

Small Workers’ Comp Carrier Exits California

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 …

Effort to Put House in Order Paying Off: Meadowbrook Insurance CEO

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 …

Best Affirms Swiss Re, Europe Affiliates ‘A+’ Ratings; Outlook Stable

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 …

A.M. Best Reviewing Wright National Flood Insurance Co.

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 …