A.M. Best Co. affirmed the financial strength rating of “A+” (superior) of American Modern Insurance Group and its property/casualty affiliates. Best also affirmed the financial strength rating of “A-” (excellent) of American Modern Life Insurance Co. and Modern Life Insurance …
A.M. Best Co. affirmed the financial strength ratings of the subsidiaries of Cincinnati Financial Corporation. The affirmations include “A++” (superior) for the property/casualty group of The Cincinnati Insurance Companies and “A+” (superior) for The Cincinnati Life Insurance Co., all of …
Standard & Poor’s Ratings Services lowered its counterparty credit and financial strength ratings on American Physicians Assurance Corp. (APA) to “BBB-” from “BBB,” and removed the ratings from CreditWatch. The outlook is negative. The rating action is the result of …
A.M. Best Co. affirmed the majority of the financial strength ratings and a senior debt rating of Pittsburgh-based Highmark Inc. However, the rating outlook was revised to negative from stable. Best also noted it has downgraded the financial strength rating …
S&P affirmed its ratings on Argonaut Group Inc. and its insurance company affiliates, including its “BBB+” counterparty credit and financial strength ratings on the affiliates, and revised the outlook on all ratings to stable from negative. The rating actions reflect …
Standard & Poor’s Ratings Services commented on Harleysville Group Inc., (HGIC), “BBB-” and its negative outlook. As part of HGIC’s fourth-quarter 2003 earnings release, it expects its underlying insurance operations to incur an additional $42 million pretax charge on top …
A. M. Best Co. upgraded the financial strength ratings to “B+” (very good) from “B” (fair) for Coast National Insurance Co., Bristol West Insurance Co., Bristol West Casualty Insurance Co. and Security National Insurance Co., all members of the Bristol …
S&P assigned its preliminary “BBB-” senior debt and “BB” preferred stock ratings to ProAssurance Corp.’s recently filed $250 million shelf registration. The rating reflects the good regional niche position of group members ProNational Insurance Co. “A-” (negative) and Medical Assurance …
S&P revised its outlook on American Fire & Casualty Co., Ohio Casualty Insurance Co., Ohio Security Insurance Co., and West American Insurance Co., which make up the Ohio Casualty Insurance Co. Intercompany Pool (OCIP), to stable from negative. S&P also …
A.M. Best Co. affirmed the financial strength rating of “A+” (superior) of Jupiter Insurance Limited. The outlook remains stable. The rating reflects Jupiter’s superior capital strength and operating performance. An offsetting factor is the restricted business diversification driven by Jupiter’s …
