A.M. Best Co. has removed from under review with negative implications and affirmed the issuer credit rating (ICR) of “bbb-” of Cayman Islands-based Ironshore Inc. Best has also removed from under review with negative implications and affirmed the financial strength …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Zenith National Insurance Group and its members, Zenith Insurance Company (Zenith) and ZNAT Insurance Company (ZNAT), a wholly owned subsidiary …
A.M. Best Co. has revised the outlook to negative from stable for the financial strength (FSR) and issuer credit ratings (ICR) of Liberty Mutual Group, Inc. (LMGI), Liberty Mutual Insurance Companies and Liberty Insurance Holdings (LIH) and their members, as …
The financial strength rating of Manchester, New Hampshire-based MEMIC Indemnity Co. as well as its Maine-based parent company have been upgraded by A.M. Best Co. MEMIC Indemnity is now rated “A” (Excellent), up from a previous rating of “A-” (Excellent). …
Moody’s Investors Service cut its credit ratings on Berkshire Hathaway Inc from Aaa, the top rating, saying the recession and investment losses at insurance operations of investor Warren Buffett’s holding company reduced its ability to support funding needs. Wednesday’s cut …
Standard & Poor’s Ratings Services has revised its outlook to negative from stable on Franch composite insurer Groupama S.A. S&P also affirmed the Group’s ‘A+’ long-term counterparty and insurer financial strength ratings. “The negative outlook reflects our view of the …
Standard & Poor’s Ratings Services has placed its ratings on Prospect Medical Holdings Inc. including the ‘B-‘ counterparty credit rating, on CreditWatch with negative implications. “We took this rating action as a result of a contractual performance dispute that has …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings to U.K.-based marine insurer Steamship Mutual Underwriting Association Ltd. with a stable outlook. S&P said the “ratings reflect the company’s core status within …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI). S&P has also removed these ratings from CreditWatch with developing implications, where they were placed …
A.M. Best Co. has commented that the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based Validus Reinsurance, Ltd. and ICR of “bbb-” of Validus Holdings, Ltd. are unchanged following the recent unsolicited offer …
