A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the core life/health subsidiaries of Nationwide Financial Services, Inc. (NFS). Best also affirmed NFS ICR …
Standard & Poor’s Ratings Services has affirmed its ‘AA-/A-1+’ long- and short-term counterparty credit ratings on ING Groep N.V. and ING Verzekeringen N.V., and its ‘AA/A-1+’ long- and short-term counterparty credit ratings on ING Bank N.V. The outlooks on all …
Standard & Poor’s Ratings Services has revised to positive from stable its outlooks on the insurer financial strength ratings and long-term counterparty credit ratings on Japan’s Aioi Insurance Co. Ltd. and Nissay Dowa General Insurance Co. Ltd. S&P revised its …
A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of German reinsurer Hannover Rueckversicherung AG (Hannover Re) remain unchanged following the company’s announcement of an agreement to acquire …
The events of the past six months — and those of the past several years — are some of the most dramatic in the history of financial services and risk management. From Sept. 11, to the 2005 hurricanes, to the …
The events of the past six months — and those of the past several years — are some of the most dramatic in the history of financial services and risk management. From Sept. 11 to the 2005 hurricanes to the …
A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “b” from “bb-” of Canada’s Kingsway Financial Services Inc. (KFSI) and Kingsway America Inc. (KAI), which is headquartered in Elk Grove Village, Ill. Best also affirmed its ratings on …
A.M. Best Co. has revised the outlook to positive from stable, upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Agency Insurance Company of Maryland, Inc. (AIC). Best said, “These …
Insurance premiums for businesses continued a five-year trend of falling rates during the fourth quarter of 2008, but recent data suggest a reversal of this trend may soon be underway. Rates for property, general liability, and directors and officers (D&O) …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Mountain States Mutual Casualty Company and its wholly owned subsidiary, Mountain States Indemnity …
