Ratings

Best Downgrades QBE and Subs’ Issuer Credit Ratings; Affirms FSR

A.M. Best Europe – Rating Services Limited has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) of UK-based QBE Insurance (Europe) Limited and QBE Re (Europe) Limited, as …

Ratings Recap: SAC Re, ZEP-RE, IRB-Brasil, Malaysian Re, Bahrain National

A.M. Best Co. has commented that the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based S.A.C. Re, Ltd. are unchanged and the ratings remain under review with negative implications, until the anticipated closing of …

Ratings Recap: TATIL, West of England Ship, M&C General

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Trinidad & Tobago Insurance Limited (TATIL), both with stable outlooks. Best said its ratings “reflect TATIL’s history of profitable overall operating …

Best Europe Affirms Hiscox and Subs Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Hiscox Insurance Company (Bermuda) Limited, UK-based Hiscox Insurance Company Limited (Hisco) and Hiscox Insurance Company …

Best Affirms Munich Re and Subs ‘A+’ Ratings; Outlook Stable

A.M. Best Europe has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Co. and its subsidiaries. Best also affirmed all of the debt ratings for Munich Re. The outlook …

Moody’s Downgrades CGSC Corporate Family Rating; CEO Responds

Moody’s Investors Service announced that it has downgraded the corporate family rating of Cooper Gay Swett & Crawford Ltd. (CGSC) to B3 from B2 “based on challenges in certain international operations, leading to a decline in projected revenues and EBITDA.” …

Best Revises XL’s Issuer P&C Credit Rating Outlook to Positive; Affirms Ratings

A.M. Best Co. has revised the outlook for the issuer credit rating (ICR) to positive from stable as well as affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of “a” of the property/casualty subsidiaries of XL Group …

Best Affirms Ratings of Hartford Steam Boiler Group’s Members

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit ratings (ICR) of “aa+” of the members of The Hartford Steam Boiler Group (HSB). In addition A.M. Best Europe – Rating Services Limited …

Ratings Recap: QBE Optima, Aviva (Canada), Syndicate 609, Adamjee

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Puerto Rico-based QBE Optima Insurance Company, both with stable outlooks. The ratings of QBE Optima reflect its “solid risk-adjusted capitalization, profitable …

Best Europe Affirms AVIVA and Subs Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the insurance subsidiaries of UK-based AVIVA plc and the ICR of “a-” of AVIVA and …

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