Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the personal lines operating insurance units of 21st Century Insurance Group and American International Group to ‘A’ from ‘A+’. S&P also lowered its counterparty credit …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and assigned issuer credit ratings (ICR) of “a-” to Argus Group Holdings Limited (AGH) and its subsidiaries, Argus Insurance Company Limited (AICL), Somers Isle …
While Standard & Poor’s Ratings Services is positive in its outlook for PARIS RE (See related article), it is less so when it comes to the acquiring company, Bermuda-based PartnerRe. S&P said it has revised its outlook on the company …
Both A.M. Best Co. and Standard & Poor’s Ratings Services have taken a positive outlook for their ratings on PARIS RE and its operating companies, following the announcement that the group would be acquired by PartnerRe. Best said it has …
A.M. Best Co. has upgraded the financial strength rating to ‘B++’ (Good) from ‘B+’ (Good) and the issuer credit rating to “bbb” from “bbb-” of Guam-based Pacific Indemnity Insurance Company (PI), and has revised the outlook to stable from positive. …
A.M. Best Co. has commented that the financial strength rating of ‘A ‘(Excellent) and issuer credit ratings of “a” of Bermuda-based IPCRe Limited and IPCRe Europe Limited (Dublin, Ireland), both reinsurance subsidiaries of IPC Holdings Ltd. “remain under review with …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to CastlePoint Florida Insurance Company with stable outlooks. “CFIC is a newly formed insurance company that received a certificate of authority from …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Japan’s Mitsui Sumitomo Insurance Company Limited (MSI). Best also affirmed the FSR of ‘A+’ (Superior) and assigned an ICR …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its U.S. subsidiaries. Best also affirmed the ICR of “bbb” of the parent holding company, …
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 Plymouth Rock Assurance Group (PRAC), which includes the operations of Plymouth Rock Assurance …
