Ratings News

Best Affirms Colonial Group and Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of Colonial Group International Limited. The outlook for all ratings is stable. Colonial …

Ratings Recap: Casiopea Re, FM (UK), Jamaica Int’l., Salama, BEST RE

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Luxembourg-based Casiopea Re S.A., the reinsurance captive of Telefónica S.A., both with stable outlooks. The ratings …

Best Affirms AXIS Specialty and Subs ‘A’ Ratings; Outlook Positive

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of AXIS Specialty Limited and its operating affiliates, as well as the ICR of “bbb+” and all existing debt ratings …

Best Affirms/Withdraws Ratings of RSA’s Main UK Operating Subs

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the main UK operating subsidiaries of the UK-based RSA Insurance Group plc. Best also affirmed …

Best Affirms Factory Mutual and 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 Factory Mutual Insurance Company and its subsidiaries, Appalachian Insurance Company and Affiliated FM Insurance Company. In a separate announcement …

Ratings Recap: Emirates, Sorford, BF&M, Unity Re

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Emirates Insurance Company P.S.C. (EIC), which is based in the United Arab Emirates. The outlook for both …

North Carolina Farm Bureau’s Credit Rating Lowered

A leading North Carolina property insurer has seen its credit rating downgraded due to a significant decrease in its underwriting revenue and its potential for large losses due to hurricanes and other severe weather conditions. Standard & Poor’s rating agency …

Ratings Recap: AmerInst, Trust Re, Flagstone Re Africa, Univé Stormher

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based AmerInst Insurance Company Ltd., as well as the ICR of “bbb-” of AmerInst’s holding company, AmerInst Insurance Group, Ltd. The …

Best Affirms Ratings of Catlin Group Limited’s U.S. Subsidiaries

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of Catlin Insurance Company, Inc. (CICI), which is based in Houston, Catlin Specialty Insurance Company (CSIC) and Catlin Indemnity Company (CID), both …

Best Affirms Catlin Group and Subs ‘A’ Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Bermuda-based Catlin Insurance Company Limited (CICL), Catlin Insurance Company (UK) and Catlin Re Switzerland …