negative News

Best Places MAPFRE PRAICO Group’s Ratings on Review/Negative

A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of MAPFRE PRAICO Group (MPG) and its members, which include MAPFRE PRAICO Insurance Company (PRAICO), its wholly …

Best Places Aviva’s U.S. Subsidiaries Ratings under Review/Negative

Following its rating actions on the UK-based Aviva plc, A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of ‘A ‘(Excellent) and issuer credit ratings (ICR) of “a+” of Iowa-based Aviva Life and Annuity …

Best Affirms Aviva’s Ratings; Places them on Review/Negative

Following its announcements, made earlier this week, A.M. Best Europe – Rating Services Limited is continuing to take rating actions on a number of European (re)insurers, as a result of the continued negative developments regarding the euro zone sovereign debt …

Best Downgrades Generali, Main Subs Ratings; Keeps on Review/Negative

As a result of the continued negative developments regarding the euro zone sovereign debt crisis, A.M. Best Europe – Rating Services Limited has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit rating (ICR) …

Best Downgrades MAPFRE RE’s Ratings; Placed on Review/Negative

A.M. Best Europe – Rating Services Limited announced that “as a result of the continued negative developments regarding the euro zone sovereign debt crisis,” it has downgraded the financial strength rating to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit …

Best Places Ratings of Caisse Centrale de Reassurance on Review/Negative

A.M. Best Europe – Rating Services Limited has placed under review with negative implications the financial strength rating of ‘A++’ (Superior) and the issuer credit rating of “aa+” of France’s Caisse Centrale de Reassurance (CCR). As Best explained in similar …

S&P Puts Allianz, Aviva, AXA, Generali, Mapfre Units, 10 Other EU Insurers on CreditWatch/Negative

Standard & Poor’s Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative implications: • Allianz Group (including the Euler Hermes group) • Aviva Group …

Best Places Generali, Main Subsidiaries’ Ratings under Review/Negative

A.M. Best Europe – Rating Services Limited has taken action in the wake if the Italian financial crisis by placing the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Assicurazioni Generali S.p.A. and its main …

S&P Lowers Outlook on Allstate and Subs to Negative; Affirms Ratings

Standard & Poor’s Ratings Services has revised its outlook on Allstate Corp., Allstate Insurance Co. (AIC), and its core property-liability insurance companies (collectively, Allstate Protection), as well as the life insurance companies, deemed strategically important to the group (collectively, Allstate …

S&P Changes Outlook on Navigators to Negative; Affirms Ratings

Standard & Poor’s Ratings Services has revised its outlook on New York-based Navigators Group Inc. and its insurance units to negative from stable. S&P also affirmed its ‘BBB’ counterparty credit rating on Navigators Group Inc. and its ‘A’ counterparty credit …