Ratings

Ratings Recap: BNY Trade, XL [pref. shares]

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Bermuda-based BNY Trade Insurance, Ltd., both with stable outlooks. The ratings reflect BNY Trade’s “strong capitalization, consistently positive operating results, conservative …

Best Affirms Lloyd’s Syndicate 2010, Cathedral Capital Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010, which is managed by Cathedral Underwriting Limited. Best also affirmed the ICR of …

Ratings Recap: Qualitas, Qatar General

A.M. Best Co. has affirmed the financial strength rating of ‘B-‘ (Fair) and issuer credit rating of “bb-” of Mexico’s Qualitas Compania de Seguros, S.A.B. de C.V., both with stable outlooks. The ratings reflect Qualitas’ “strained risk-adjusted capitalization, consistently elevated …

Ratings Recap: HSB, Southern General/Green Star, DAKOTACARE

A.M. Best Co. has upgraded the financial strength rating (FSR) to A++ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa-” of The Hartford Steam Boiler Group (HSB) and its members. The outlook for all …

S&P Further Downgrades Ratings of Mariah Re Notes

Standard & Poor’s Ratings Services announced that it has lowered its rating on Mariah Re Ltd.’s Series 2010-1 notes to ‘CC(sf)’ from ‘CCC(sf)’ and removed the rating from CreditWatch, where it was placed with negative implications on Oct. 4, 2011. …

Best Affirms Aspen UK, Bermuda Companies and Subs Ratings; Outlook Stable

A.M. Best Europe – Ratings Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Aspen Insurance Limited (AIL) (Bermuda). Best also affirmed the …

Best Affirms QBE’s US Subsidiaries Ratings; Upgrades North Pointe

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a+” from “a-” of Harrisburg, Penna.-based North Pointe Insurance Company (NPIC). Best has also affirmed the FSR of …

Best Affirms Aspen Specialty, Aspen American Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A (Excellent) and issuer credit ratings (ICR) of “a” of Aspen Specialty Insurance Company (ASIC), headquartered in Bismarck, North Dakota and Aspen American Insurance Company (AAIC), headquartered in Dallas, …

Ratings Recap: HSB (UK), Nissan Global Re, Optima, Hatherley/Park

A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit rating to “aa+” from “aa-” of UK-based HSB Engineering Insurance Limited (HSBEIL), both with stable outlooks. The …

Best Affirms QBE and Subs Ratings; Outlook Stable

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

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