Stockton, Calif.-based Golden Bear Insurance Co. announced that its A.M. Best issuer credit rating has been upgraded from “A- VI” to “A- VII” (Excellent). “Our rating reaffirms the deep level of experience among the Golden Bear team in underwriting property …
A.M. Best has assigned a financial strength rating (FSR) of A- (Excellent) and a long-term issuer credit rating (Long-Term ICR) of “a-” to LUBA Indemnity Insurance Co. LUBA Indemnity a wholly owned subsidiary of LUBA Casualty Insurance Co. (LUBA). Both …
A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in place to effectively absorb this event, according to a new briefing from …
TheGuarantors, a New York based insurance tech startup founded in 2014, is seeking to make renting an apartment in New York easier for landlords, brokers and renters through its newly launched tech-enabled lease guarantee platform. The platform, which serves as …
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 Texas Farm Bureau Casualty Insurance Co. (Texas Casualty) and its subsidiary, Farm …
A.M. Best has affirmed the financial strength rating (FSR) of B (Fair) and the long-term issuer credit rating (ICR) of “bb+” of Farmers Mutual Fire Insurance Co. (Farmers) in Okarche, Okla. The outlook for the long-term ICR has been revised …
Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from their taking advantage of cheap and bountiful reinsurance capacity, A.M. Best said in a new report. The continent’s 20 largest …
A.M. Best said its outlook for the reinsurance sector remains negative due to a multitude of factors, and it will likely stay that way for quite some time. “Our rating outlook remains longer-term than our typical 12-18 months,” A.M. Best …
A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-” from “a+” for American Capital Assurance Corp (ACAC) of St. Petersburg, Fla. These rating actions follow the recent transaction …
A.M. Besthas revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wisconsin Mutual Insurance Co. (WMIC) in Madison, Wis. The revised outlooks reflect WMIC’s trend …
