Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best
May 21 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year over year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
A.M. Best Assigns Stable Outlook to Germany’s Non-Life Insurance Sector
May 17 2018 // A.M. Best has a stable outlook on the German non-life insurance sector as Germany’s robust economy continues to drive growth. According to the ratings agency, the country’s technical profitability is solid and...
A.M. Best: Outlooks Revised to Positive for Benchmark Insurance
May 16 2018 // A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Benchmark Insurance Co. (Benchmark) in...
Munich Re Repurposes Bermuda Operation
May 14 2018 // Munch Reinsurance Co. has repurposed a Bermuda unit that was authorized for property/casualty business into a reinsurer for its U.S. life reinsurance business. The unit, Munich Re Bermuda, was formerly named Princeton...
A.M. Best Revises Credit Rating Outlook of Builders Mutual Companies of North Carolina
May 14 2018 // A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and Long-Term ICR of “a” of...
A.M. Best Ratings Recap
May 7 2018 // Upgrade: Nodak Insurance A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Nodak...
A.M. Best Affirms Excellent Rating, Revises Outlook to Negative for CMIC Group
May 3 2018 // A.M. Best has affirmed its financial strength rating of A- (Excellent) and its long-term issuer credit ratings of “a-” while revising its outlook to negative from stable for Glastonbury, Conn.-based Connecticut...
A.M. Best Upgrades Issuer Credit Rating of Illinois Casualty
May 1 2018 // A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Illinois Casualty Co. (Illinois...
A.M. Best Downgrades Credit Ratings of Florida-Based MedMal Direct Insurance
Apr 23 2018 // A.M. Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb-” from “bbb” of MedMal Direct Insurance Co., headquartered in...
Ratings Outlooks Revised to Positive for Michigan’s AmeriTrust Insurance Group
Apr 20 2018 // Ratings agency A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” for the...
Rising Claims Frequency Hampers Results in Directors & Officers Liability Insurance Sector
Apr 16 2018 // The underwriting performance in the U.S. directors and officers (D&O) liability insurance market deteriorated significantly in 2017. Competitive pricing and an increasing number of lawsuits have hurt the line’s...
A.M. Best Upgrades Credit Rating of North Dakota’s Hartland Mutual Insurance
Apr 13 2018 // A.M. Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Hartland Mutual Insurance Co. (Hartland Mutual), based in...
A.M. Best Upgrades Ratings of Nodak Insurance Group, NI Holdings
Apr 11 2018 // A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Nodak Insurance Company (Nodak...
A.M. Best Upgrades Issuer Credit Rating of Kentucky Growers Insurance Co.
Apr 6 2018 // A.M. Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Kentucky Growers Insurance Company (KGIC) of Lexington, KY....
A.M. Best Issues Ratings for Andover Companies Pool Members
Apr 5 2018 // A.M. Best has removed from under review with negative implications, downgraded the Long-Term Issuer Credit Ratings to “aa-” from “aa” and affirmed the Financial Strength Rating of A+ (Superior) for...
How Predictive Analytics Boost Commercial Insurance Profits, Smooth Cycles
Apr 5 2018 // The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best says in a report. “Underwriting cycles have...
Workers’ Compensation Insurer Stonetrust Enters Missouri, Tennessee
Apr 3 2018 // Workers’ compensation insurer Stonetrust Commercial Insurance Co. has begun writing business in Missouri and Tennessee. Stonetrust, which is headquartered in Baton Rouge, Louisiana, is also writing in Louisiana,...
P/C Insurers Record $23.5B in Underwriting Loss in 2017
Apr 2 2018 // The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016. The...
A.M. Best Removes from Under Review, Upgrades Ratings of Great Plains Casualty
Mar 22 2018 // A.M. Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from...
Outlooks Revised to Stable for Louisiana’s Stonetrust Commercial Insurance
Mar 21 2018 // A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of workers’ compensation insurer,...
