A.M. Best ratings News

Ratings Roundup: Continental Re (Nigeria), SCR (Morocco)

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Nigeria’s Continental Reinsurance Plc, both with stable outlooks. The ratings of Continental Re reflect its “strong risk-adjusted …

Ratings Roundup: ACE Seguros, SOVAG, Polish Re, CCR (Algeria)

A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to ACE Seguros S.A., which is based in Panama. Its ultimate parent is ACE Limited, now based in Zurich, Switzerland. Best …

Best Places Torus Insurance and Subs Ratings under Review/Negative

A.M. Best Europe – Rating Services Limited has placed under review with negative implications the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus Insurance (UK) Limited and Lichtenstein-based …

Ratings Roundup: AEGIS, SOGAZ, African Re, Delvag

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS), and has assigned both ratings a positive outlook. Best said the rating …

Ratings: Heddington, Bosna Re, Arden Re, Syndicate 609, Asia Capital Re (notes)

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Bermuda-based Heddington Insurance Limited, both with stable outlooks. The ratings reflect Heddington’s” superior capitalization, consistently positive operating results and the role …

Ratings Recap: Iron Horse, Dallas National, Armed Forces, Sooner, Harford Mutual, Philadelphia Contributionship

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. Best said the ratings “reflect Iron Horse’s adequate risk-adjusted capitalization, explicit parental …

Best Affirms MAPFRE USA and Group Members Ratings; Outlook Negative

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the members of MAPFRE USA GROUP. The lead company in MAPFRE USA is The Commerce Insurance Company, based in …

Best Affirms Mitsui Sumitomo Ratings; Upgrades Aioi Nissay Dowa

A.M. Best Asia-Pacific Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Japan’s Mitsui Sumitomo Insurance Company Limited (MSI), and has upgraded the FSR to ‘A+’ (Superior) from ‘A’ …

Ratings Roundup: Product Care, Taiping (Singapore)

A.M. Best Asia-Pacific Limited has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to Product Care (New Zealand) Limited (PCL), both with stable outlooks. PCL operates as a fully owned entity of ICF …

Ratings Recap: Dubai Insurance, Jupiter, Ardelis, TT Club

A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of “bbb” and the financial strength rating (FSR) of ‘B++’ (Good) of United Arab Emirates-based Dubai Insurance Company …