Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
AM Best Gives A+ Rating to PartnerRe’s New MGA-Driven Insurance Ops
Dec 29 2022 // AM Best has assigned an A+ financial strength rating of A+ (Superior) to PartnerRe Insurance Solutions Bermuda Ltd. (PartnerRe Ins Solutions BM Ltd), a newly added member of PartnerRe Ltd. The ratings outlook is...
AM Best Downgrades Mid-Hudson Group
Dec 14 2022 // Insurer analysts at AM Best have downgraded the ratings of three companies in the Mid-Hudson Group citing a 32.7% decline in policyholder surplus as of September 30. AM Best downgraded the Financial Strength Rating (FSR)...
AM Best Urges ‘Immediate and Substantive’ Reforms by Florida Lawmakers
Dec 12 2022 // Ahead of this week’s special legislative session in Florida, the AM Best financial rating firm predicts that “without immediate and substantive long-term legislative reforms,” further insurer insolvencies...
AM Best: Commercial Lines ‘Stable’ With a Close Eye on Inflation
Dec 8 2022 // As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but the industry rating agency had some warnings in its latest report. Rate changes at renewal remained strong,...
AM Best Revises Outlooks to Negative for Wisconsin’s Badger Mutual
Dec 8 2022 // 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 Badger Mutual Insurance...
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs
Dec 7 2022 // Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises globally, according to AM Best, which assigned a positive...
A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best
Dec 6 2022 // Apparently nothing has changed within the last several months to change AM Best’s negative outlook on the U.S. personal lines insurance segment. Tuesday the insurance industry rating agency said it was maintaining...
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best
Dec 2 2022 // Will 2023 reinsurance renewals mark a turning point to a “true hard market” that attracts “new capital in droves” and expands supply? Analysts from AM Best raised the question in a new Best’s...
AM Best Downgrades Credit Ratings of Minnesota’s RAM Mutual
Dec 1 2022 // AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of RAM Mutual Insurance...
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best
Nov 28 2022 // Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt. According to a market segment report from AM Best, the projected range...
U.S. Homeowners Line ‘Stable’ but Weather Events Present Uncertainty: AM Best
Oct 17 2022 // A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market segment report of the U.S. homeowners insurance market, calling it stable due to overall strong risk-adjusted...
AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021?
Oct 12 2022 // For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial results. According to AM...
Update: AM Best Says Tower Hill Prime Faces Surplus, Capital Problems
Oct 10 2022 // Editor’s note: This article was updated Oct. 16 to reflect additional information from Tower Hill Group and AM Best. The downgrade of one of Tower Hill’s insurance companies by AM Best financial rating firm,...
AM Best Lifts Negative Review Status, Affirms Credit Ratings of Aegis Security
Oct 6 2022 // AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of Aegis...
Amwins Receives Highest Score from AM Best DUAE Performance Assessment
Oct 6 2022 // Amwins is first to receive AM Best’s PA-1 score, reflecting the highest standards for underwriting excellence Charlotte, NC., October 06, 2022 — Amwins, a global distributor of specialty insurance products and...
U.S. Homeowners Line ‘Stable’ but Weather Events Present Uncertainty: AM Best
Oct 3 2022 // A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market segment report of the U.S. homeowners insurance market, calling it stable due to overall strong risk-adjusted...
AM Best Viewpoint: The Value of MGAs in a Hardening Market
Sep 20 2022 // The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of the volatile factors fueling a demand-side need for more specialized coverage approaches, which...
U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best
Sep 19 2022 // Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of...
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken
Sep 9 2022 // AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance in 2021, but headwinds such as inflation remain too strong and the rating agency revised its outlook for...
U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best
Sep 6 2022 // Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of...
