Ratings News

Ratings Recap: Int’l. General, SALAMA

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based International General Insurance Company Limited (IGI). Best also affirmed the ICR of “bbb-” of International General Insurance Holdings Limited …

Ratings Roundup: Central Re, Amedex, Arab Orient

A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Taiwan’s Central Reinsurance Corporation. Best explained that the “revised outlook reflects the …

State National Retains High Rating from A.M. Best

Bedford, Texas-based insurer State National Group reported that it has again earned an A.M. Best rating of “A” (Excellent), affirming the group’s consistent financial performance and operational stability. The rating applies to the group’s three intercompany pool members led by …

S&P Affirms Ratings, Revises Outlook on Fortis, after Amlin Acquisition

Standard & Poor’s Ratings Services has revised its outlook to stable from negative on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), and affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on the company. S&P said …

Ratings Roundup: Allianz (UK), Delvag, Glacier Re

A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa” of the UK-based Allianz Insurance plc (AZI), both with stable outlooks. “Allianz Holdings plc, AZI’s immediate holding company in the UK, …

Ratings Recap: QBE (US), Triangle, Zurich (US) Subsidiaries

Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to QBE Specialty Insurance Co. (QSIC) with a stable outlook. “We view QSIC to be a core member of the QBE Group,” explained credit analyst …

Best Affirms Hannover Re’s Ratings; Revises Outlook to ‘Stable’

A.M. Best Co. has revised its outlook to stable from positive for the ratings of Hannover Rueckversicherung AG (Hannover Re) and its rated subsidiaries, while also affirming the German reinsurer’s financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit …

Best Affirms Munich Re, Subs ‘A+’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company (Munich Re) and its subsidiaries. Best also affirmed the debt ratings of “a+” on £300 million …

S&P Lowers Ratings on 6 Cat Bonds; Puts 4 on CreditWatch/Negative

Standard & Poor’s Ratings Services announced that it has lowered its ratings on six natural peril catastrophe bonds issued in 2007 and 2008, as listed below. The bulletin said: “We lowered our ratings by one notch to reflect the adjusted …

Best Affirms Ex-AIG Personal Lines Company Ratings; Outlooks Stable

A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of the operating insurance units of the former AIG Personal Lines Group, including the 21st Century Insurance Companies (collectively PAG). …