January 25, 2013
A.M. Best Co. upgraded ratings of Wilkes-Barre, Penn.-based GUARD Insurance Group and its member subsidiaries, citing favorable business operations as well as the implicit and explicit financial support provided by their new parent company, National Indemnity Company (a wholly owned …
January 25, 2013
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of California-based Balboa Insurance Company and its wholly owned subsidiaries, Meritplan Insurance Company and Phoenix-based Newport Insurance Company, which operate under …
January 25, 2013
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating of “bbb” of Jordan’s First Insurance Company (FIC), both with stable outlooks. The ratings reflect FIC’s “strong level of …
January 24, 2013
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based JRG Reinsurance Company, Ltd. and its U.S. affiliates, Ohio-based James River Insurance Company(JRIC), James River Casualty Company, based …
January 18, 2013
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B’ (Fair) from ‘B++’ (Good) and the issuer credit ratings (ICR) to “bb+” from “bbb” of Southern General Insurance Company (SGIC) and GreenStar Insurance Company, an affiliate of SGIC, …
January 18, 2013
A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of The New India Assurance Company Limited, both with stable outlooks. The ratings reflect New India’s “strong risk-adjusted capitalization, improved underwriting …
January 11, 2013
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Panama City-based ASSA Compania de Seguros, S.A. (ASSA), as well as the FSR of’ A-‘ (Excellent) and ICR of …
December 31, 2012
A.M. Best Co. has assigned a financial strength rating of ‘A’- (Excellent) and issuer credit rating of “a-” to Hong Kong-based Peak Reinsurance Company Limited, both with stable outlooks. Best explained that “Peak Re is licensed in Hong Kong as …
December 21, 2012
A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Indiana Lumbermens Mutual Insurance Company and its reinsured subsidiaries, Lone Star National Insurance Company and National Building Material Assurance Company. All …
December 21, 2012
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb+” of Echelon General Insurance Company, as well as the ICR of “bb+” of Echelon’s publicly traded parent, EGI Financial Holdings Inc. …