A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of The Hanover Insurance Group Property and Casualty Companies and its members. Best also affirmed the ICR of “bbb” and all …
A.M. Best Co. has commented that the ratings of the subsidiaries of Swiss-based Allied World Assurance Company Holdings, AG and New York-based Transatlantic Holdings, Inc. and its subsidiaries, are unchanged following the announcement of a definitive agreement to merge. Best …
A.M. Best Co. 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 Texas-based Universal North America Insurance Company (UNAIC). Best also affirmed the …
A.M. Best Co. has downgraded the financial strength rating to ‘C++’ (Marginal) from ‘B-‘ (Fair) and issuer credit rating to “b” from “bb-” of New York’s Park Insurance Company, and has assigned a negative outlook to the ratings. Best said …
Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based Attorneys’ Liability Assurance Society (Bermuda) Ltd. and its Vermont-based operating unit, Attorneys’ Liability Assurance Society Inc. RRG (collectively referred to as ALAS), to negative from stable, and has affirmed …
Standard & Poor’s Ratings Services raised its ratings on Bermuda-based Allied World Assurance Co. Holdings AG and its operating subsidiaries by one notch. The counterparty credit rating on the holding company was raised to ‘BBB+’ from ‘BBB’ and the counterparty …
A.M. Best Co. has downgraded the financial strength rating to ‘B-‘ (Fair) from ‘B+’ (Good) and the issuer credit rating to “bb-” from “bbb-” of First Jersey Casualty Insurance Company, Inc. (FJCIC), and has assigned a negative outlook to both …
A.M. Best announced a number of rating actions as a result of the announcement on May 31 that that Intact Financial Corporation (IFC) has signed a definitive agreement to purchase 100 percent of the stock of AXA Canada Inc. Best …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the Tower US Pool and its pooled and reinsured members. Best …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Cayman Islands-based Island Heritage Insurance Company, Ltd., both with stable outlooks. The ratings of Island Heritage reflect its “solid level of …
