A.M. Best Co. placed the “A-” (excellent) financial strength rating of Nationwide Ins. Co. of Florida (NICOF) under review with negative implications, as a result of anticipated losses associated with Hurricanes Charley, Frances, Ivan and Jeanne, and the subsequent reduction …
A.M. Best Co. placed the financial strength rating of “B” (fair) of Federated National Ins. Co. and the rating of “B+” (very good) of American Vehicle Ins. Co., both of Plantation, Fla., under review with negative implications. These actions reflect …
A.M. Best Co. has placed the financial strength rating of “A-” (excellent) of Allstate Floridian Group under review with negative implications. This action reflects the potential capital decline associated with losses from Hurricane Charley and subsequently reduced risk-adjusted capitalization. It …
A.M. Best Co. announced it downgraded the financial strength rating to “B++” (very good) from “A-” (excellent) of Swedish-based Erika Insurance with a stable outlook. The downgrade reflects Best’s reassessment of Erika’s role within the EF Group, a provider of …
Standard & Poor’s Ratings Services revised its outlook on Clarendon National Insurance Co. and two of its subsidiaries—Clarendon America Insurance Co. and Redland Insurance Co.—to stable from negative. At the same time, S&P affirmed its “A+” counterparty credit and financial …
A.M. Best Co. downgraded the financial strength rating to “B” (fair) from “B++” (very good) of Safeway Property Ins. Co., based in Gainesville, Fla. The outlook is negative. The downgrade recognizes the company’s reduced capitalization as a result of its …
A.M. Best Co. affirmed the financial strength rating of “A” (excellent) of Seattle-based Safeco Ins. Cos. Concurrently, Best also affirmed the “bbb+” rating on Safeco’s existing senior debt and the “bbb” rating on its capital securities. Additionally, Best affirmed the …
A.M. Best Co. upgraded the financial strength rating to “A” (excellent) from “A-” (excellent) of Lloyd’s of London, and assigned an issuer credit rating of “a” to Lloyd’s. The outlook is stable. The rating reflects Lloyd’s improving prospective capitalization, strong …
A.M. Best Co. affirmed the financial strength rating of “A-” (excellent) of AXA Corporate Solutions Ins. Co. (AXA) based in New York. The rating has been removed from under review and assigned a stable outlook. The rating reflects AXA’s balance …
The Prime Insurance Syndicate Inc. (Prime) has earned a financial stability rating of “A” (Exceptional) from Demotech Inc. This level of rating indicates that Prime’s balance sheet reflects excellent liquidity, an acceptable level of financial leverage as measured by total …
