Ratings

Best Affirms Fairfax Financial and Subs Ratings; Outlooks Stable

A.M. Best has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited. Best also affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the ICRs of …

Ratings Recap: Frankenmuth, Sooner, Tokio Marine America, Kingstone, Canopius U.S., HDI-Gerling America

A.M. Best has revised the outlook to stable from negative and affirmed the issuer credit ratings (ICR) of “a+” of Frankenmuth Mutual Insurance Company and its affiliates, Ansur America Insurance Company, Patriot Insurance Company, based in Yarmouth Maine, ASure Worldwide …

Best Upgrades Travelers and Most Subs Ratings; Outlooks Stable

A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the property/casualty subsidiaries of The Travelers Companies, Inc. (TRV), also known as Travelers Group, …

Ratings Recap: Dominion, Ardellis, NAGICO, JRG Re

A.M. Best has assigned a financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” to The Dominion of Canada General Insurance Company, based in Toronto, Ontario, Canada, and has assigned a stable outlook for all …

Best Affirms Ratings of National Indemnity, Other Berkshire Hathaway Units

A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of National Indemnity Company and its affiliates, and the FSR of ‘A’- (Excellent) and ICR of “a-” of Finial Reinsurance Co., …

S&P Report Finds Companies Are Starting To Assess Climate Risks

A report – “Dealing With Disaster: How Companies Are Starting To Assess Their Climate Event Risks” – from Standard & Poor’s London office points out that the “increasing frequency of extreme weather events such as flooding, intense storms, heat waves, …

Ratings Recap: HDI V.a.G/Talanx, TTB/TTI, Platinum Underwriters

A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit ratings of “a-” of Through Transport Mutual Insurance Association Limited (TTB) (Bermuda) and its subsidiary, TT Club Mutual Insurance Limited (TTI) (United Kingdom). TTB and …

S&P Report Concludes Re/Insurers Have ‘Coped Well So Far’ with Climate Change

A report – “Are Insurers Prepared For The Extreme Weather Climate Change May Bring?” – from Standard & Poor’s notes that “whether or not a direct result of climate change, the number and frequency of extreme weather events have increased, …

Ratings Recap: Penn National, MGA, MAPFRE USA

A.M. Best has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Pennsylvania National Mutual Casualty Insurance Company and its subsidiaries, Penn National Security Insurance Company, Founders Insurance Company and Partners Mutual …

Ratings Recap: PVI, PVI Re

A.M. Best has upgraded the financial strength rating to ‘B++’ (Good) from ‘B+’ (Good) and issuer credit rating to “bbb” from “bbb-” of Vietnam’s PVI Insurance Corporation, and has revised its outlook on both ratings to stable from positive. Best …

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