A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Crusader Insurance Co. Additionally, A.M. Best has revised the outlook to negative …
A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating A- (Excellent) and the Long-Term Issuer Credit Rating “a-” of Des Moines, Iowa-based Petroleum Marketers Management Insurance Co. (PMMIC). The ratings reflect PMMIC’s balance …
Of the 14 property/casualty impairments identified for 2016, 11 were members of the Tower Group, with the remaining three composed of two medical professional liability risk retention groups and a commercial lines reinsurer, according to a new A.M. Best special …
A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of California Mutual Insurance Co. The negative outlooks are based on California Mutual’s …
Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry loss of $90 billion, according to calculations issued by A.M. Best. “We …
A.M. Best has withdrawn the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+”, each with a stable outlook, of Great Lakes Casualty Insurance Co. (Great Lakes) in Grand Rapids, Michigan. The rating withdrawals reflect …
Insurance rating agency A.M. Best announced the publication of the updated Best’s Credit Rating Methodology (BCRM) on Friday, and also announced the names of several insurance and reinsurance groups that the rating agency has put under review. Allstate and American …
A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Insurance Company of the West and its wholly owned subsidiaries, Explorer Insurance …
A.M. Best has upgraded the Long-Term Issuer Credit Rating to “a+” from “a” and affirmed the Financial Strength Rating of “A” of Farm Bureau Property & Casualty Insurance Co. and Western Agriculture Insurance Co., collectively known as Farm Bureau Property …
A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Trisura Specialty Insurance Co. (Trisura Specialty), based in Oklahoma City. The ratings outlook is stable. Trisura Specialty is a newly …
