A.M. Best Co. upgraded the financial strength ratings to “A” (excellent) from “A-” (excellent) of Safeway Insurance Co. of Illinois, Alabama, Georgia, Louisiana and Oak Brook County Mutual Ins. Co. of Texas. Best also assigned a financial strength rating of …
Fitch Ratings affirmed the “BBB-” long-term issuer and senior debt ratings of Chicago-based commercial insurer CNA Financial Corp., as well as the “BBB-” insurer financial strength ratings of CNA’s U.S. insurance subsidiaries. The rating outlook has moved from negative to …
Service Insurance Company of Bradenton, Fla., hit with customer losses of more than $100 million in the four hurricanes that swept Florida in 2004, was removed from A.M. Best’s rate review process and assigned an excellent rating with a stable …
A.M. Best Co. placed the financial strength ratings of member companies of American International Group Inc. under review with negative implications following the announcement that the chairman and CEO Maurice Greenberg will retire as CEO, although he remains non-executive chairman. …
A.M. Best Co. downgraded the financial strength ratings of Royal & SunAlliance USA Insurance Pool and the Royal Surplus Lines Insurance Co., based in Connecticut to “C++” (marginal) from “B” (fair). The surplus lines company is a wholly owned subsidiary …
Standard & Poor’s Ratings Services said its ratings on Montpelier Reinsurance Ltd. of “A” (positive) and Montpelier Re Holdings Ltd. “BBB” (positive) are unaffected by Montpelier’s declaration of a $390 million special dividend payable on March 31, 2005, to shareholders …
Demotech Inc. assigned a Financial Stability Rating of “A” (exceptional) to Adirondack Insurance Exchange. Adirondack Insurance Exchange will be owned by its policyholders and managed by Adirondack AIF LLC.
A.M. Best Co. upgraded the financial strength rating to “A++” (superior) from “A+” (superior) of Connecticut-based The Hartford Steam Boiler Inspection and Insurance Company and three subsidiaries–The Hartford Steam Boiler Inspection and Insurance Company of Connecticut, HSB Engineering Insurance Limited …
S&P revised its outlook on Arch Capital Group Ltd. to positive from stable, and affirmed its “BBB-” counterparty credit rating on Arch. The outlook was revised to reflect Arch and its subsidiaries’ substantially improved capital adequacy position relative to prior …
Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and financial strength ratings on the members of the St. Paul Intercompany Pool, the members of the Travelers Intercompany Pool, Travelers Casualty and Surety Co. of America, and Travelers Casualty …
