Insurance ratings standard-bearer A.M. Best Co. assigned a financial strength rating of “A+” (superior) and an issuer credit rating of “aa-” to the members of the newly formed pool, St. Paul Travelers Insurance. Cos., headquartered in St. Paul, Minn. This …
A.M. Best Co. affirmed the financial strength ratings of “A+” (superior) and assigned issuer credit ratings of “aa-” to the Hartford Insurance Pool and its members. Concurrently, Best assigned an ICR of “a-” to Hartford Financial Services Group Inc. and …
Moody’s Investors Service upgraded the senior debt rating of RLI Corp. to Baa2 from Baa3 and the financial strength ratings of its insurance subsidiaries — RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company — to A2 from …
A.M. Best Co. placed the financial strength rating of “A-” (excellent) and the issuer credit rating of “a-” of the insurance and reinsurance operating subsidiaries of Alea Group Holdings Bermuda Ltd. under review with negative implications. This rating action is …
A.M. Best Co. downgraded the financial strength rating to “B+” (very good) from “B++” (very good) of National American Insurance Co. of Chandler, Okla., and revised its outlook to negative from stable. Concurrently, Best assigned an issuer credit rating of …
A.M. Best Company upgraded Independence American Insurance Co. rating to “B++” (very good) from “B+” (very good). The company has a stable outlook. The ratings are based on Independence American’s strong risk-adjusted capitalization on a stand-alone basis, profitable growing presence …
A.M. Best Co. affirmed the financial strength rating of “A” (excellent) and assigned an issuer credit rating of “a” to Rembrandt Insurance Co. Ltd., reflecting Rembrandt’s strong risk-adjusted capitalization and solid financial performance, as well as its business concentration on …
Standard & Poor’s Ratings Services lowered its long-term counterparty credit and senior debt ratings on American International Group Inc. to “AA” from “AA-Plus.” S&P also removed the New York-based insurance company from its credit watch list for these categories. The …
S&P raised its counterparty credit rating on Argonaut Group Inc. to “BBB-” from “BB+.” At the same time, S&P raised its counterparty credit and financial strength ratings on Argonaut Group Inc.’s operating insurance companies to “A-” from “BBB+.” S&P also …
A.M. Best Co. affirmed the financial strength rating of “A+” (superior) and assigned issuer credit ratings of “aa-” to Selective Insurance Group and its six property/casualty pooling members. All ratings have a stable outlook. The ratings reflect Selective’s solid capitalization, …
