Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
AM Best Plans to Assess MGAs, Other Delegated Authority Entities
Apr 5 2021 // With the volume of premium generated by managing general agents and other delegated underwriting authority enterprises (DUAEs) rocketing skyward in recent years, AM Best has decided it is time to deliver assessments of...
AM Best Credit Ratings Assigned to Texas’ Upland Specialty Insurance
Mar 25 2021 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Upland Specialty Insurance Co. (Upland Specialty) in Dallas. The outlook assigned to these...
P/C Insurers Improved Profitability in Year of Coronavirus: AM Best
Mar 22 2021 // Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in net underwriting income and combined ratio that improved slightly over the...
AM Best Signs Up to UN Principles for Sustainable Insurance, in Ratings Agency First
Mar 19 2021 // AM Best became a signatory of the United Nations Environment Programme’s (UNEP) Principles for Sustainable Insurance (PSI). The insurance industry plays an important role in supporting sustainable economic and social...
Assessing Delegated Underwriting Authorities, MGAs: AM Best Explains
Mar 18 2021 // Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting pen to managing general agents, managing general underwriters, program...
AM Best Plans to Assess MGAs, Other Delegated Authority Entities
Mar 17 2021 // With the volume of premium generated by managing general agents and other delegated underwriting authority enterprises (DUAEs) rocketing skyward in recent years, AM Best had decided it is time to deliver assessments of...
P/C Insurers Improved Profitability in Year of Coronavirus: AM Best
Mar 12 2021 // Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in net underwriting income and combined ratio that improved slightly over the...
Demotech Withdraws Rating of American Capital, AM Best Issues Downgrade
Mar 10 2021 // American Capital Assurance Corp., a Florida-based insurer focused on commercial residential and non-residential property risks, as well as flood coverage, had its Demotech rating withdrawn and was downgraded by AM...
P/C Insurance Challenges for 2021 Look Much Like 2020’s, Says AM Best
Mar 8 2021 // The U.S. property/casualty insurance (P/C) industry could experience dejà vu in 2021 in terms of financial results. Many factors that insurers encountered in 2020 likely will continue to impact the financial performance...
Déjà Vu: P/C Insurance Challenges for 2021 Look Much Like 2020’s, Says AM Best
Feb 25 2021 // The U.S. property/casualty insurance (P/C) industry could experience déjà vu in 2021 in terms of financial results. Many factors that insurers encountered in 2020 likely will continue to impact the financial performance...
Insurance Losses From Texas Storm May Set First Quarter Record: A.M. Best
Feb 21 2021 // Insurers could suffer record first-quarter catastrophe losses after the historic Texas winter storm, which crippled the state’s electrical grid and caused extensive property damage including collapsed roofs and...
AM Best Upgrades E&S Outlook; Praises Resiliency, Clear Terms Amid Pandemic
Feb 19 2021 // A.M. Best has upgraded its outlook for the U.S. excess & surplus lines insurance sector citing its resiliency in the face of pandemic challenges. A.M. Best revised its outlook for U.S. E&S to Stable from...
Repair Your Damaged Reputations, AM Best Tells UK Insurers
Feb 2 2021 // While most of the COVID-related problems that plagued UK commercial property insurers will abate after the March anniversary of lockdowns, battles with reinsurers and damaged reputations are lingering impacts, AM Best...
AM Best Upgrades Credit Ratings of Kemper P/C Group and Its Subsidiaries
Jan 29 2021 // AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” of the property/casualty...
Personal Lines Insurance Market Outlook as Stable: AM Best, Moody’s
Jan 25 2021 // AM Best kept its stable market segment outlook on the U.S. personal lines insurance segment for 2021, citing the segment’s strong risk-adjusted capitalization and profitable underwriting performance in private...
Specialty Insurer Hallmark Financial CEO Anand Resigns; AM Best Maintains ‘A-‘ Rating
Jan 20 2021 // AM Best announced that it would not change the “A-” financial strength ratings of the members of Dallas-based specialty insurer Hallmark Insurance Group nor the “bbb-” long-term issue credit rating...
Hallmark Financial CEO Resigns; AM Best ‘A-‘ Rating Maintained
Jan 19 2021 // AM Best announced that its would not change the “A-” financial strength ratings of the members of Dallas-based Hallmark Insurance Group nor the “bbb-” long-term issue credit rating of Hallmark...
AM Best, Moody’s Rate Personal Lines Insurance Market Outlook as Stable
Jan 19 2021 // AM Best kept its stable market segment outlook on the U.S. personal lines insurance segment for 2021, citing the segment’s strong risk-adjusted capitalization and profitable underwriting performance in private...
AM Best Assigns ‘A’ Rating to Nebraska’s Summit Specialty Insurance
Jan 15 2021 // AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Summit Specialty Insurance Co. (SSIC), based in Omaha, Neb. The outlook assigned to these ratings...
World’s Largest Insurers 2020: AM Best Ranks UnitedHealth, Allianz on Top
Jan 5 2021 // UnitedHealth Group Inc. takes the top spot in AM Best’s ranking of the world’s 25 largest insurance companies for a sixth straight year, with $189.7 billion in net premiums written (NPW) in 2019. In addition,...
