Standard & Poor’s Ratings Services placed its “A+” counterparty credit and financial strength ratings on Employers Reinsurance Corp., “A-” counterparty credit rating on GE Insurance Solutions Corp. and various ratings on several affiliates on CreditWatch with negative implications. S&P said …
S&P announced that its “BBB” long-term counterparty credit and senior debt ratings on Marsh & McLennan Cos. will remain on CreditWatch negative. The decision follows the announcement that MMC closed on a new $1.3 billion term loan facility and executed …
A.M. Best Co. assigned a financial strength rating of “B” to USAuto Insurance Co., the insurance subsidiary of Nashville-based First Acceptance Corporation. The “B” rating has also been assigned to Village Auto Ins. Co., a wholly owned subsidiary of USAuto. …
Standard & Poor’s Ratings Services affirmed its “BBB-” counterparty credit rating on CNA Financial Corp. and its “A-” counterparty credit and financial strength ratings on CNA’s insurance affiliates (except for Continental Assurance Co., which is rated “BBB+”). The outlook on …
S&P revised its outlook on Hartford Financial Services Group Inc.’s property and casualty subsidiaries in the Hartford Fire Intercompany Pool to negative from stable. The rating agency noted that legal and regulatory clouds have overhung Hartford P/C since allegations of …
A.M. Best Co. downgraded the financial strength rating to “B+” (very good) from “B++” (very good) of Nationwide Indemnity Co. of Columbus, Ohio. The rating was placed under review with negative implications due to the significant decline in capitalization reported …
A.M. Best Co. has placed the financial strength rating of “B” (fair) of the property/casualty affiliates of Alabama-based Vesta Insurance Group Inc. (Vesta) under review with negative implications. These rating actions reflect Vesta’s significant deterioration in capital and its ongoing …
Philadelphia-based PMA Capital Corp. announced that A.M. Best restored the “A-” (excellent) rating with a stable outlook to The PMA Insurance Group. The announcement completes a one-year period during which PMA Capital stabilized its financial results, protected its primary insurance …
Moody’s Investors Service announced it has assigned BluePoint Re Ltd. (BluePoint) an insurance financial strength rating of “Aa3.” The outlook is stable. The rating reflects the company’s strong capital base, conservative underwriting guidelines, rational business strategy and the market’s firm …
A.M. Best Co. downgraded the financial strength rating of The Toa Reinsurance Company of America (TRA), of Morristown, N.J., to “A” (excellent) from “A+” (superior). The outlook is stable. Concurrently, Best assigned an issuer credit rating of “a+” to TRA …
