Ratings News

Ratings Recap: AXA Art, National Interstate, ProMutual, Clearwater

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of AXA Art Insurance Corporation, which is based in New York City. The outlook for both ratings is stable. “The ratings reflect …

Ratings: US Liability, Commercial Casualty, Stonetrust, Continental American, Prime Group, American Agri

A.M. Best Co. has affirmed the financial strength rating of ‘A++’ (Superior) and issuer credit rating of “aa+” of United States Liability Insurance Group and its members. The outlook for all of the ratings is stable. The ratings reflect US …

Best Affirms Intact Insurance (former ING Canada) ‘A+’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Toronto-based Intact Insurance Group, the former ING Canada Group. It includes Belair Insurance Company Inc. of Montreal, Intact Insurance …

Ratings Roundup: Fortis, Patria Re, CIRe

Standard & Poor’s Rating Services said today that it affirmed its ‘A-‘ counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), but has maintained its negative outlook. S&P’s action follows the announcement that …

Ratings: Guardian, Golden Bear, ARIC, SUIC, First American, Seminole

A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb+” of Guardian Insurance Company, headquartered in the U.S. Virgin Islands, both with stable outlooks. Best said the …

S&P Affirms Hannover Re’s Ratings, But Revises Outlook to Negative

Standard & Poor’s Ratings Services has revised its outlook on German reinsurer Hannover Rueckversicherung AG and its subsidiaries (collectively Hannover Re) to negative from stable. S&P also affirmed the ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on Hannover …

Ratings: Allianz (Italy), Hatherley, Jamaica, China Ins. (Singapore), Arab Orient

A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. The ratings reflect the enhancement received from the implicit support of Allianz S.p.A.’s …

Best Rates GE, Conoco/Phillips Captives, Electric and Sooner ‘A’

A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a” of Electric Insurance Group and its members – Electric Insurance Company (Beverly, MA), Electric Insurance Ireland Ltd, (Dublin, Ireland) and Electric Lloyd’s …

A.M. Best Gives CSE Insurance Group A- Rating

San Francisco-based CSE Insurance Group announced that A.M. Best Co. has reaffirmed the company’s financial strength rating of A-. “The rating and outlook reflect [CSE Insurance’s] excellent capitalization, favorable operating performance and market niche as a writer of personal lines …

Ratings Recap: GeoVera, Catholic Knights, Auto Owners, Church Mutual

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Calif.-based GeoVera Insurance Group and its P/C members. “The ratings and …