Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Ratings Recap: Western National, Westminster, Carolina Casualty, MedPro, Tower Hill
Sep 2 2009 // A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings to “a” from “a-” of Western National Insurance...
A.M. Best: Reinsurers Stay Afloat In Sinking Economy
Aug 31 2009 // Two years into the global financial crisis, global reinsurers’ performance to date could be counted as an achievement, given the state of the financial services industry and the economy, says A.M. Best. The...
Florida’s Tower Hill Insurance Downgraded by A.M. Best; Tower Hill Responds
Aug 27 2009 // A.M. Best Co. has downgraded the financial strength ratings (FSR) to D (Poor) from B (Fair) and issuer credit ratings (ICR) to “c” from “bb” of Tower Hill Preferred Insurance Co., Tower Hill Prime...
S&P, A.M. Best Rate Fairfax Financial’s Debt Issue
Aug 18 2009 // Standard & Poor’s Ratings Services and A.M. Best Co. have both assigned ratings to the C$400 million (US $368 million) 7.5 percent senior unsecured fixed rate notes due 2019 to be issued by Fairfax Financial...
New Markets
Aug 3 2009 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Vacant Property Market Detail: American...
New Markets
Jul 20 2009 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Nursing Homes/Assisted Living...
Employers Direct Stops Writing Workers’ Comp Insurance in California
Jul 20 2009 // Citing the strain of escalating medical costs on the workers’ compensation system, increasingly intense price competition, and the uncertainty over the sustainability of the 2003-2004 legislative reforms due to...
Property/Casualty Industry’s Earnings Down 87% in Q1
Jul 20 2009 // The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009, according to A.M. Best. “The year-over-year decline in earnings was due primarily to the...
Ratings: Ocaso, HSB Engineering, Accident & General, Consumer Services, Royal Bank of Canada
Jul 16 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa-” of Spain’s Ocaso, S.A. Seguros y Reaseguros, both with stable outlooks....
Best Affirms Lloyd’s ‘A’ Ratings
Jul 14 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Company (China)...
A.M. Best: P/C Industry’s Earnings Down 87% in Q1
Jul 9 2009 // The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009 according to A.M. Best. “The year-over-year decline in earnings was due primarily to the severe...
Ratings Recap: Argus, Leadway, Scandinavia
Jul 8 2009 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and assigned issuer credit ratings (ICR) of “a-” to Argus Group Holdings Limited...
New Markets
Jul 6 2009 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Fire & Water Restoration...
Employers Direct Stops Writing Workers’ Comp Insurance in California
Jul 1 2009 // Citing the strain of escalating medical costs on the workers’ compensation system, increasingly intense price competition, and the uncertainty over the sustainability of the 2003-2004 legislative reforms due to...
Ratings Roundup: CastlePoint, Doctors, Meadowbrook
Jun 29 2009 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to CastlePoint Florida Insurance Company with stable outlooks. “CFIC is a newly...
Ratings: Argo Re, Heddington, La Colonial, Trinidad & Tobago, Lancashire, Brit
Jun 25 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its U.S. subsidiaries. Best also affirmed the ICR...
Ratings Roundup: Plymouth Rock, American Sterling, Mercer, Iron Horse, Agrinational, Intrepid
Jun 25 2009 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Plymouth Rock Assurance Group...
Ratings Recap: Continental Re, Best Meridian, Al Fajer, Caisse Centrale Re
Jun 22 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘B’ (Fair) and issuer credit rating of “bb+” of Nigeria’s Continental Reinsurance Plc, both with stable outlooks. “The ratings...
Ratings Recap: Argus, Universal No. Am., DTRIC, Knights of Columbus
Jun 22 2009 // A.M. Best Co. has downgraded the financial strength rating to ‘D’ (Poor) from ‘C-‘ (Weak) and issuer credit rating to “c” from “ccc-” of Florida-based Argus Fire &...
A.M. Best Lower Outlook for Boston’s Plymouth Rock Assurance Corp.
Jun 19 2009 // A.M. Best has revised the outlook to negative for Boston-based insurer Plymouth Rock Assurance Group. Despite the outlook downgrade, A.M. Best Co. affirmed the financial strength rating of A- (Excellent) and issuer credit...
