Ratings

Ratings Recap: Balboa, MEMIC, ALAS, Modern Woodmen, Seven Seas

A.M. Best announced that it has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of Balboa Insurance Company, based in Irvine, Calif. and its wholly …

Best Affirms Ratings of Beazley Insurance Company; Outlook Stable

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Beazley Insurance Company, Inc. (BICI), based in Farmington, Conn., a subsidiary of Beazley plc. The outlook for both ratings is stable. The …

Best Affirms Ratings of Berkshire Hathaway’s GUARD Insurance

A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings of “aa-” of NorGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company and WestGUARD Insurance Company, which operate under an intercompany pooling agreement. These companies …

Ratings Roundup: AIG Asia-Pacific, Fuji Fire/AIU

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Singapore-based AIG Asia Pacific Insurance Pte. Ltd. (AIG APAC) and its fully-owned subsidiaries, AIG Australia Limited (AIG Australia) and AIG Insurance …

Best Affirms AIG Europe’s Ratings; Outlook Stable

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of UK-based AIG Europe Limited (AEL), a wholly owned subsidiary of American International Group, Inc. (AIG), both with stable outlooks. The report is …

Best Affirms AIG and P&C Subs Ratings; Outlook Stable

Ratings Roundup: Best Meridian, Seguros Catalana Occidente

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Best Meridian Insurance Company (BMIC), based in Miami, and concurrently Best affirmed …

Ratings Recap: Third Point Re, Sava Re, NEWGT

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based Third Point Reinsurance Company Ltd. (TPRCL). The outlook for both ratings is stable. Best also assigned an ICR of …

Best Establishes Latin American Subsidiary Based in Mexico City

A.M. Best Co. announced the incorporation of its new subsidiary, A.M. Best América Latina, S.A. de C.V. The new office will be located in the financial district of Mexico City at Paseo de la Reforma 412 and will service Central …

A.M. Best Europe Obtains ECAI Status under New EU Regulations

A.M. Best Europe – Rating Services Limited (AMBERS) has confirmed that it has obtained External Credit Assessment Institution (ECAI) status under new European Union (EU) regulations, which came into force in January 2014. Best said the accreditation “follows the adoption …

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