Latest AM Best Headlines
All the headlines from our AM Best Topic Page, ordered by recency.
Reinsurance Capital to Drop $40 Billion at Year-End 2022: AM Best
Sep 5 2022 // AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected 8.4% decline to $435...
AM Best Places Credit Ratings of American Reliable in Arizona Under Review
Sep 5 2022 // AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of American Reliable...
Reinsurance Capital To Drop $40 Billion at Year-End 2022: AM Best
Aug 22 2022 // AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected 8.4% decline to $435...
AM Best Places Credit Ratings of American Reliable in Arizona Under Review
Aug 22 2022 // AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of American Reliable...
AM Best Downgrades Credit Rating of Missouri’s Cameron Mutual
Aug 19 2022 // AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance...
U.S. Crop Writers Post Record Premium Growth: AM Best
Aug 15 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report. The new Best’s...
AM Best Revises Mid-Hudson Group Outlooks to Negative, Affirms Ratings
Aug 11 2022 // AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Claverack Cooperative...
AM Best Upgrades Ratings of Synergy Comp Insurance
Aug 10 2022 // AM Best has upgraded the ratings of workers’ compensation insurer Synergy Comp Insurance Co. based in Sharon Pennsylvania. The rating organization upgraded the Financial Strength Rating to A (Excellent) from A-...
BHSI Hires Liberty Specialty’s Ferrari as Head of Transactional Liability in Australasia; AM Best Appoints Curtis for Market Development, Asia-Pacific Region
Aug 3 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and AM Best. A summary of these new hires follows here. BHSI Hires Liberty Specialty’s Ferrari as Head of...
Demotech Downgrades Three in Florida; AM Best, KBRA Say They’re Available
Aug 2 2022 // Just two weeks after the Demotech financial rating firm set off a firestorm of controversy by warning that it could soon downgrade as many as 17 Florida property insurers – then promised to hold off – the firm has now...
Fidelis’ Credit Ratings Under Review After Announcing Plan to Create MGU: AM Best
Aug 1 2022 // AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Fidelis Insurance Bermuda Ltd., Fidelis...
U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best
Jul 29 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report. The new Best’s...
AM Best Removes Golden Bear in California from Under Review and Affirms Credit Ratings
Jul 28 2022 // AM Best removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Golden...
AM Best Keeps Negative Outlook on Mexico’s Insurance Industry
Jul 11 2022 // AM Best said it is maintaining its negative outlook on Mexico’s insurance market segment due to increased levels of inflation and slow GDP growth. AM Best’s analysts project 2% growth for the country’s...
AM Best Downgrades Members of NLC Insurance Companies Pool
Jun 28 2022 // AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” (Good) from “a-” (Excellent) of the insurers that operate...
AM Best Revises Outlook to Positive for Wisconsin’s West Bend Mutual
Jun 2 2022 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of West Bend Mutual Insurance...
AM Best Removes Ratings of Oklahoma’s Sutton Specialty From Under Review
Jun 2 2022 // AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of...
AM Best Revises Randall & Quilter’s Credit Ratings After Brickell Purchase Terminated
May 31 2022 // The credit ratings of Randall & Quilter Investment Holdings and its subsidiaries have been revised to under review, negative, from developing by AM Best. The ratings revision was issued after R&Q announced that its...
U.S. P/C Q1 2022 Underwriting Income Up 5%: AM Best
May 31 2022 // AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6% to $3.3 billion. Explaining the result, AM Best said that a 10.5 percent jump in net earned premiums and...
AM Best Assigns Credit Rating to Nebraska’s Omaha National
May 6 2022 // Omaha National Group, Inc., a tech-enabled provider of workers’ compensation insurance and payroll services, announced that AM Best has assigned the Financial Strength Rating of A- (Excellent) and a Long-Term Issuer...
