Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
How Bad Was P/C Insurers’ Underwriting Loss in 2017?
Mar 20 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...
What A.M. Best Thinks of AmTrust’s Plan to Go Private, Sell Some Fee-Based Business
Mar 5 2018 // A.M. Best, which placed the ratings of AmTrust Financial Services under review with negative implications last November, says it is still reviewing the impact of the company’s plans to sell some of its fee business...
AXIS’ A.M. Best Ratings Revised to Negative; Insurance Arm Blamed
Feb 20 2018 // AXIS Capital Holdings’ money-losing insurance segment has drawn the attention of A.M. Best, which revised its outlooks for the Bermuda-based carrier to negative from stable, based largely on its...
Peak Re to Get Capital Boost After Prudential Financial Buys 13.1% Stake: A.M. Best
Feb 15 2018 // A wholly owned subsidiary of Prudential Financial Inc. (PFI) has signed definitive agreements to purchase a 13.1 percent stake in Peak Reinsurance Holdings Ltd., the sole shareholder of Hong Kong-based Peak Reinsurance Co....
Marine P&I Clubs Face Intense Pricing Pressures in February Renewals: A.M. Best
Feb 14 2018 // While the balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, underwriting discipline will be tested over the February 2018 renewal period, according to a report...
A.M. Best Calculates P/C Insurers’ Underwriting Loss for 2017
Feb 7 2018 // Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. The expected net underwriting loss for 2017 of...
A.M. Best Ratings Recap
Feb 5 2018 // Rating Assigned: Pan-American Casualty A.M. Best assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Pan-American Casualty Co. (PACC) in Richardson, Texas.The...
Still an Uphill Climb for Commercial Auto Market
Feb 5 2018 // The difficult job of moving commercial auto insurance to a profitable place has not gotten any easier. More vehicles on the road thanks to a rebounding economy, more miles driven, distracted drivers and...
A.M. Best Ratings Recap
Feb 5 2018 // Outlooks Positive: Northwest G.F. Mutual Insurance Co. A.M. Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of...
Personal Auto Insurance Business Performed Better in 2017: A.M. Best
Feb 1 2018 // The underwriting profitability of the U.S. personal auto line showed signs of improvement in 2017 as rate hikes have been effective against loss frequency and severity trends, according to a new A.M. Best report. The...
For First Time in 7 Years, Outlook Improves for Commercial Lines: A.M. Best
Jan 22 2018 // Analysts at A.M. Best have been sufficiently impressed by commercial lines insurers’ pricing, underwriting and resilience in recent years to boost their outlook on this segment of the U.S. property/casualty industry...
U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best
Jan 22 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
Commercial Automobile Remains Sore Spot in P/C: A.M. Best
Jan 19 2018 // The performance of the commercial automobile segment continued to deteriorate through third quarter 2017, according to a new A.M. Best report. Commercial auto has been a sore spot in the property/casualty for several...
A.M. Best Assigns Credit Ratings to Texas’ Pan-American Casualty
Jan 19 2018 // A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Pan-American Casualty Co. (PACC) in Richardson, Texas, a wholly owned indirect subsidiary of...
Rating of Michigan’s Wolverine Mutual Insurance Upgraded
Jan 19 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 Wolverine Mutual Insurance Co....
A.M. Best: Ratings Outlooks Negative for Texas-Based Standard Casualty
Jan 18 2018 // A.M. 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-” of Standard Casualty Co. (Standard...
Ratings Assigned to Iowa’s Midwest Family Advantage Insurance
Jan 17 2018 // A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Midwest Family Advantage Insurance Co. (Midwest Advantage). The outlook...
A.M. Best Removes Pacific Compensation Insurance in California from Review
Jan 17 2018 // A.M. Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Thousand...
U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best
Jan 10 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
Commercial Lines Insurance Outlook Improves for 2018, Says A.M. Best
Jan 8 2018 // Analysts at A.M. Best have been sufficiently impressed by commercial lines insurers’ pricing, underwriting and resilience in recent years to boost their outlook on this segment of the U.S. property/casualty industry...
