Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
AM Best Ratings Unchanged for Accredited, Onex’s New Program Management Unit
Jul 1 2024 // AM Best confirms that the financial strength rating and long-term issuer credit ratings of Accredited’s subsidiary companies remain unchanged following their acquisition by Onex Partners from R&Q Insurance...
Dellwood Specialty Gets A- Rating From AM Best
Jun 25 2024 // Dellwood Specialty Insurance Company has received a financial strength rating of A- (Excellent) from AM Best. The industry rating agency said the rating as given due to Dellwood’s “very strong” balance...
Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best
Jun 24 2024 // According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a ‘stable’ outlook despite a stall in premium growth. Analysts at AM Best issued a segment...
A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best
Jun 21 2024 // The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a decade—but industry rating agency AM Best is not convinced the good times will last. In a special report...
AM Best Revises Outlooks to Stable for Philadelphia Contributionship Group
Jun 19 2024 // AM Best reports it has has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the members of...
AM Best Downgrades Credit Rating of Louisiana Farm Bureau Mutual
Jun 18 2024 // AM Best announced it has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “a-” (Excellent) of Louisiana Farm...
A.M. Best: Rapid Premium Growth Warrants Greater MGA Oversight
Jun 17 2024 // Though A.M. Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing general agents (MGAs) bring to insurers. In its latest market segment report,...
P/C Insurers Record $9.3 Billion Q1 Underwriting Gain: AM Best
Jun 12 2024 // The U.S. property/casualty industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, according to a recently published AM Best report. The gain marks a reversal of an $8.5 billion loss...
AM Best Downgrades Credit Ratings of Farm Bureau Mutual Insurance Company of Arkansas
Jun 5 2024 // AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb” (Fair) from “bbb-” (Good) of Farm Bureau Mutual Insurance Company of...
Social Inflation Key Factor in Rise of Loss Severity: AM Best
Jun 3 2024 // Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are influencing claims costs for indemnity and expense payments, according to...
AM Best Revises Outlooks to Stable, Affirms Excellent Ratings for MEMIC Group
May 31 2024 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of workers’ compensation...
A.M. Best: Rapid Premium Growth Warrants Greater MGA Oversight
May 24 2024 // Though A.M. Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing general agents (MGAs) bring to insurers. In its latest market segment report,...
AM Best Affirms Arrow Mutual’s Ratings, Revises Outlooks Citing Claim Dispute
May 20 2024 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Arrow Mutual Liability...
AM Best: Social Inflation Key Factor in Rise of Loss Severity
May 13 2024 // Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are influencing claims costs for indemnity and expense payments, according to...
Personal Auto Insurers Have Edge on Innovation: AM Best
May 10 2024 // After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto insurers are the furthest ahead when it comes to innovation. Personal auto insurers’...
AM Best Revises Ohio Indemnity Company’s Outlook to Positive
May 9 2024 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Ohio Indemnity Company (OIC)...
MS Reinsurance Gets Ratings Upgrades From AM Best and S&P
May 2 2024 // MS Reinsurance, the reinsurance subsidiary of MS&AD Insurance Group Holdings, has received rating upgrades from AM Best and S&P Global Ratings. On April 26, 2024, AM Best announced it had upgraded the...
AM Best Upgrades Rating of Hamilton Re, Hamilton Insurance DAC to “A” (Excellent)
May 1 2024 // AM Besthas upgraded the Financial Strength Rating to “A” (Excellent) from “A-” (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of...
AM Best Downgrades Credit Rating of Texas Farm Bureau Insurance Group
Apr 24 2024 // AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of...
AM Best Places Credit Ratings of GeoVera Insurance Group Members Under Review
Apr 24 2024 // AM Best placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of GeoVera...
