Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
P/C Insurance Industry Maintains Favorable Ratings in First Half 2017: A.M. Best
Aug 17 2017 // Credit rating activity for the U.S. property/casualty industry in the first half of 2017 was favorable, with upgrades outpacing downgrades. Nearly one-third of the 2017 upgrades were driven by increased parental support,...
A.M. Best Revises Outlooks to Negative for West Virginia National Auto Insurance Co.
Aug 17 2017 // A.M. Besthas revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of West Virginia National Auto Insurance Co.,...
A.M. Best Revises Outlook to Negative for New York’s Country-Wide
Aug 7 2017 // A.M. Best has revised its outlook to negative from stable for Country-Wide Insurance Company, a family-owned auto insurance company based in New York, N.Y. A.M. Best also affirmed Country-Wide’s Financial Strength...
Captive Insurers Repeat Strong Financial Performance: A.M. Best
Aug 4 2017 // U.S. captive insurance companies rated by A.M. Best ended 2016 in strong form, with a 16 percent year-over-year increase on pretax operating income to $1.6 billion, which included more than $803 million in underwriting...
Nonstandard Auto Market Continues to Fall; Sector Posts Worst Loss Ratio in Decade: A.M. Best
Jul 24 2017 // Loss ratios and operating ratios for the U.S. nonstandard auto insurance market fell to their worst levels in a decade, according to a new report from A.M. Best. Escalating repair and medical costs, deteriorating highway...
A.M. Best Revises Outlooks to Negative for Georgia Farm Bureau Group Members
Jul 24 2017 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb-” of Georgia Farm Bureau...
Nonstandard Auto Insurance Market Continues on Downward Path: A.M. Best
Jul 13 2017 // Loss ratios and operating ratios for the U.S. private passenger nonstandard auto insurance market fell to their worst levels in a decade, according to a report from A.M. Best. The results for the population of insurers...
Looming EU Cyber Rules to Provide ‘Shot in Arm’ for Cyber Market: A.M. Best
Jul 12 2017 // The European Union’s looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive fines for failure to comply. That’s the bad news. The...
A.M. Best Revises Outlook to Negative for New York’s Country-Wide
Jul 12 2017 // A.M. Best has revised its outlook to negative from stable for Country-Wide Insurance Company, a family-owned auto insurance company based in New York, N.Y. A.M. Best also affirmed Country-Wide’s Financial Strength...
Wisconsin’s Church Mutual: Outlook Upgraded; Sensor Technology Recognized
Jul 10 2017 // Merrill, Wis.-based Church Mutual Insurance Co. and its subsidiaries CM Vantage Specialty Insurance Co. and CM Regent Insurance Co. have earned a “positive” outlook for long-term issuer credit rating by A.M....
AmTrust Signs $400M Reinsurance Agreement with Premia
Jul 7 2017 // Hoping to reassure stakeholders that the company is “well insulated from any potential reserve volatility in the future,” specialty insurer AmTrust Financial Services Inc. has entered into an agreement for a...
Ratings of San Antonio’s Wright National Flood Insurance Affirmed
Jun 30 2017 // A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) in San Antonio, Texas. The outlook of these...
A.M. Best Revises Outlooks to Negative for Georgia Farm Bureau Group Members
Jun 28 2017 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb-” of Georgia Farm Bureau...
Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016
Jun 23 2017 // Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best. The largest cyber insurance writers...
Medical Professional Insurance Market in Good Health for Now: A.M. Best
Jun 19 2017 // The U.S. medical professional liability (MPL) insurance sector is stable, with strong capitalization and profitable, albeit declining, operating performance, plus the prospect of positive earnings in the medium term,...
A.M. Best Assigns Ratings to Wisconsin’s Integrity Select Insurance
May 26 2017 // A.M. Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” to Integrity Select Insurance Co. (Integrity Select) in Appleton, Wis. The outlook assigned to...
A.M. Best Lifts AIG’s Ratings ‘Under Review’ Status Following Duperreault’s Arrival
May 26 2017 // A.M. Best this week released American International Group from “under review” special scrutiny following the insurer’s bringing on industry veteran Brian Duperreault as president and chief executive...
A.M. Best Affirms Ratings of PartnerRe & Subsidiaries
May 26 2017 // A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Bermuda-based Partner Reinsurance Co. Ltd. and its affiliates (collectively referred...
A.M. Best: Outlook Stable for MGA Insurance in Dallas
May 24 2017 // A.M. Best has revised the long-term issuer credit rating (long-term ICR) outlook to stable from positive and affirmed the financial strength rating (FSR) of B++ (Good) and the long-term ICR of “bbb” of MGA...
A.M. Best Places Ratings of Sompo Japan Canopius Re Under Review
May 23 2017 // A.M. Best has placed under review with developing implications the financial strength rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Zurich-based Sompo Japan Canopius Reinsurance...
