Ratings News

Ratings Recap: Great Plains, ProAssurance, Community, German Mutual

A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to Iowa-based Great Plains Casualty, Inc., both with stable outlooks. The ratings reflect Great Plains’ “adequate risk-adjusted capitalization, limited but favorable …

Best Upgrades QBE Optima’s Ratings to ‘A-‘; Outlook Stable

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 QBE Optima Insurance Company, which is based in San Juan, Puerto Rico, and was formerly known …

Ratings Recap: Electrical Contractors’, Scotia, Société Centrale, Adamjee

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of UK-based Electrical Contractors’ Insurance Company Limited (ECIC), both with stable outlooks. ECIC’s risk-adjusted capitalization is “likely to …

Ratings Recap: Mapfre Panama, Infrassure, Lemma

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Mapfre Panama, SA, both with stable outlooks. Best said the “ratings reflect Mapfre Panama’s solid capitalization, consistent overall earnings, generally favorable …

Best Sees No Change In Tower Group Ratings from Canopius Merger

A.M. Best Co. has commented that the issuer credit rating (ICR) and debt ratings of Tower Group, Inc. (TWGP), as well as the financial strength rating and ICRs of its insurance subsidiaries are unchanged. Best made the announcement following TWGP’s …

Ratings Recap: Sunderland Marine, ENI

A.M. Best Europe – Rating Services Limited has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a-” of UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI). Best …

Best Affirms Liberty Mutual Holding Co. and Subs Ratings

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” for the members of Liberty Mutual Insurance Companies and Peerless Insurance Company Pool, as well as UK-based Liberty Mutual Insurance …

Ratings Recap: Continental Re, Gulf Re

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Nigeria’s Continental Reinsurance Plc, both with stable outlooks. Best said the ratings of Continental Re “continue to …

Best Affirms Lloyd’s UK, China ‘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 Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL), as well as the ICR of “a” …

Best Affirms Polish Re’s Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Polskie Towarzystwo Reaskuracji S.A. (Polish Re) , both with stable outlooks. The rating affirmations reflect Polish Re’s …