AM Best News

A.M. Best Downgrades Specialty Auto Writer Nevada General

A.M. Best has downgraded the issuer credit rating to “bbb” from “bbb+” and affirmed the financial strength rating of B++ (Good) of Nevada General Insurance Co. The outlook for the ICR has been revised to stable from negative while the …

A.M. Best Affirms, Withdraws Ratings of Houston’s Delta Lloyds Insurance

Ratings agency A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Delta Lloyds Insurance Company of Houston Texas (Delta Lloyds). The outlook for both ratings is negative. Concurrently, A.M. Best …

Best Assigns ‘A++’ Rating to Berkshire Hathaway Direct Insurance Co.

A.M. Best has assigned a financial strength rating (FSR) of ‘A++’ (Superior) and an issuer credit rating (ICR) of “aaa” to Berkshire Hathaway Direct Insurance Company (BHDIC), based in Omaha, and has assigned a stable outlook to both ratings. “The …

Financial Strength Rating Remain Unchanged for Liberty Mutual: A.M. Best

The financial strength rating of A (Excellent) and the issuer credit ratings (ICR) of “a” for members of Liberty Mutual Insurance Companies (Liberty Mutual), as well as Liberty Mutual Insurance Europe Limited (LMIE) (United Kingdom) and Liberty Life Assurance Company …

Sompo Japan Canopius Re Gets ‘A’ Rating; to Begin Writing Business on Jan. 1

A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to Sompo Japan Canopius Reinsurance AG, a wholly owned subsidiary of Canopius Group AG. The outlook assigned to both ratings is stable. …

A.M. Best: Outlook Stable for Missouri Valley Mutual Insurance

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Missouri Valley Mutual Insurance Co. (Missouri Valley) in Burke, S.D. The rating outlook …

A.M. Best Revises Outlook to Positive for Aspen and Its Subsidiaries

A.M. Besthas revised the outlook for the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of “A” (Excellent) and the ICRs of “a” of Aspen Insurance UK Ltd., Aspen Bermuda Ltd., Aspen American …

A.M. Best Downgrades Georgia-Based Century Casualty Co.

A.M. Best has downgraded the financial strength rating (FSR) to B (Fair) from B+ (Good) and the issuer credit rating (ICR) to “bb+” from “bbb-” of Century Casualty Co. based in Alpharetta, Ga. The outlook for the FSR has been …

A.M. Best Upgrades Issuer Credit Rating of Auto Club Insurance Company of Florida

A.M. Best has upgraded the issuer credit rating (ICR) to “bbb+” from “bbb” of Auto Club Insurance Company of Florida (ACICF) in Tampa. Concurrently, A.M. Best has affirmed ACICF’s financial strength rating of B++ (Good). The outlook for both ratings …

A.M. Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth

Europe’s largest insurance markets have continued to show some signs of recovery, with many experiencing top-line growth, driven by the life sector, according to a new report by A.M. Best. In general, the increases in total gross written premium (GWP) …