A.M. Best has commented that the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Fairfax Financial Holdings Limited are unchanged following the announcement that Fairfax is expanding its global presence by acquiring Brit …
A.M. Best said Wednesday it has downgraded the financial strength rating to A (Excellent) from A+ (Superior) and the issuer credit ratings to “a+” from “aa-” of The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire Inc. …
A.M. Best has weighed into the ongoing debate over whether or not the ability of “foreign” reinsurers to avoid significant amounts of U.S. taxes by transferring reinsurance premiums paid to foreign affiliates by domestic insurers. In a proposed budget, released …
A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of India’s General Insurance Corporation of India (GIC Re), both with stable outlooks. Best said the “ratings reflect GIC Re’s solid risk-adjusted …
A.M. Best has placed under review with negative implications the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of AXIS Specialty Limited and its operating affiliates. Best also put the ICR of “a-” …
A.M. Best has assigned the financial strength rating of ‘A+’ (Superior) and an issuer credit rating (ICR) of “aa-” to Zurich Insurance plc (ZIP), which is based in Ireland, and is a “key operating subsidiary of Zurich Insurance Group Ltd …
Chesapeake Employers’ Insurance Company, the largest workers’ compensation insurance company in Maryland, announced that insurance ratings agency A.M. Best Co. has reaffirmed a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” for the company as …
Insurers and reinsurers in western Europe posted solid performances in 2014 and retained their capital strength against a backdrop of economic calm, according to a new special report from A.M. Best. The report analyzes the agency’s ratings actions through the …
A.M. Best has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of “a” for Farmers Union Mutual Insurance Company (FUMI) in Jamestown, N.D. Concurrently, A.M. Best has also affirmed FUMI’s financial strength rating of …
A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company (Munich Re) (Germany) and its subsidiaries. Concurrently, A.M. Best has affirmed all debt ratings of Munich …
