Ratings

Ratings Recap: Solid, Jevco, Argus Group, Munich Re (bonds)

A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘B++’ (Good) from B+ (Good) and the issuer credit rating to “bbb” from “bbb-” for Sweden’s SOLID Forsakringsaktiebolag, both with stable outlooks. Solid’s ratings reflect its …

Ratings Roundup: Michigan Professional, Bancinsure, Maiden NA

A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Michigan Professional Insurance Exchange (MPIE), both with stable outlooks. The ratings reflect MPIE’s “strong risk-adjusted capitalization, long-term …

Ratings Recap: Saturn, CCR, Arch (Pref. Shares)

A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Vermont-based Saturn Insurance Inc., and has assigned a stable outlook to both ratings. Saturn is a captive …

Best Affirms Platinum Underwriters ‘A’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Platinum Underwriters Bermuda, Ltd. and its strategic affiliate, Baltimore-based Platinum Underwriters Reinsurance, Inc. Best also affirmed the ICR of “bbb” …

Ratings Recap: ACS (NZ) Ltd., Transmonde, Risk Re, Ansvar Australia

A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit rating to “bbb-” from “bbb” of New Zealand’s ACS (NZ) Limited, and has removed both ratings from under review with negative implications …

Best Affirms AGA International (Ex-Mondial Assistance) Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of France’s AGA International SA (AGAI SA) – formerly Mondial Assistance International SA -and its U.S. subsidiary, the …

Ratings Roundup: Missouri Valley, Berkley (Notes), Old United, Blue Whale (Pfizer), Zale, Infinity

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of South Dakota-based Missouri Valley Mutual Insurance Company (MVM). Best explained that the revised …

Best Puts The Hartford and Subs Ratings Under Review

A.M. Best Co. has placed under review with developing implications the issuer credit rating (ICR) of “bbb+” and the debt ratings of The Hartford Financial Services Group, Inc., as well as the ICRs of “a+” and the financial strength rating …

Ratings Recap – Notes, Pref. Shares: Swiss Re, Fairfax, AXIS, Munich Re

A.M. Best Co. has assigned a debt rating of “a+” to the recently issued CHF 320 million [$350 million] 7.25 percent perpetual subordinated notes with a stock settlement issued by Swiss Reinsurance Company Ltd., and has assigned a stable outlook. …

Best Affirms RSA Canada, Subs and Holding Company Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Royal & Sun Alliance Insurance Company of Canada (RSA Canada) and Western Assurance Company, both domiciled in Toronto, as …

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