Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Ratings Recap: Western General, Lumbermen’s, AttPro RRG, Aspen Specialty, ILM Group
Oct 8 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb+” of Western General Insurance Company. Best indicated that, although the outlook...
Workers’ Compensation Results Continue in Downward Spiral
Oct 4 2010 // The nation’s workers’ compensation insurance industry’s underwriting performance has continued to weaken as the composite combined ratio deteriorated 8.8 percentage points to 120.0 in 2009, representing...
Ratings Recap: Alterra (notes), Gulf Ltd., Barents Re, Middle East Insurance
Sep 28 2010 // A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $350 million 6.25 percent senior unsecured notes due 2020 of Delaware-based Alterra Finance LLC. The senior notes are fully and...
Ratings Roundup: BEST RE, SALAMA, Adamjee, Lonpac
Sep 24 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Tunisia’s BEST RE, both with stable...
Ratings Recap: Tapiola, Congregational, Asian Re, Int’l. Energy, Leadway
Sep 22 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Finland’s Tapiola General...
Best Lowers Macau Insurance Ratings; Outlook Revised to Stable
Sep 15 2010 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “a-” from “a” of Macau...
AM Best Downgrades Issuer Credit Rating of Georgia’s Southern General
Sep 14 2010 // A.M. Best Co. has downgraded the issuer credit rating of Southern General Underwriters Insurance Company (SGU) Marietta, Georgia, to “bbb” from “bbb+” and affirmed the financial strength rating of...
Ratings Roundup: AMEX, Castle Key, Torus, Hartford (debt)
Aug 25 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of AMEX Assurance Company, a wholly owned subsidiary of American Express Company. The...
Ratings Roundup: Infrassure, Africa Re, Ocaso
Aug 19 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Swiss-based Infrassure Ltd. and its affiliate, Infrassure Ltd., Vaduz, which is...
Ratings: Sunderland Marine, Continental Re, Abu Dhabi Ins., Oman Ins.
Aug 17 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of the UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI), both with...
State Farm Florida Ratings Lowered by A.M. Best
Aug 4 2010 // A.M. Best Co. has downgraded the financial strength rating to B- (Fair) from B (Fair) and issuer credit rating to bb- from bb of State Farm Florida Insurance Co., which is based in Winter Haven. The outlook for both...
A.M. Best Affirms Financial Strength of Florida Family, Lakeview Insurance
Aug 2 2010 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “bbb+” from “bbb” and affirmed the financial strength rating of B++ (Good) of Florida Family Insurance Co. and Lakeview Insurance Co....
Ratings Roundup: RMA Residential, Dorinco, NAICO
Jul 23 2010 // A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Risk Management Association of Illinois-based...
Donegal Ratings ‘Unchanged;’ Michigan under Review Negative Says Best
Jul 22 2010 // A.M. Best Co. has issued two bulletins following the announcement that the Donegal Group has entered into an agreement to acquire all of the outstanding stock of Michigan Insurance Co., a majority-owned stock subsidiary of...
A.M. Best Gives Positive Rating for Doctors Co. Acquisition
Jul 14 2010 // A.M. Best Co. has commented that the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Doctors Company Insurance Group (TDC) and its members, led by The Doctors Co., an...
Mercer Insurance Group Rating Upgraded to Stable From Negative
Jun 29 2010 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of Mercer Insurance Group of Pennington, N.J. The...
A.M. Best: P/C Insurer Financial Impairments Triple Since 2007
Jun 25 2010 // The number of financial impairments for U.S. property/casualty (P/C) insurers have more than tripled since 2007, the last full year before the current recession, rising to 18 in 2009, up from 16 in 2008 and from five in...
Ratings Roundup: Argo Re, Delvag, Guardian Life/General
Jun 25 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its subsidiaries. Best also affirmed the...
A.M. Best Revises Outlook to Negative for Dallas National Insurance Co.
Jun 18 2010 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B++ (Good) and the issuer credit rating (ICR) of “bbb” for Dallas National Insurance Company (DNIC) in...
Ratings Roundup: Farmers Mutual (N.Z.), Shore Re, NGI
Jun 16 2010 // A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of New Zealand’s...
