Ratings News

Best Affirms Fireman’s Fund Ratings, Removes from Review; Outlook Stable

A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Fireman’s Fund Insurance Company (FFIC) and its property/casualty affiliates, collectively …

Best Maintains AVIVA and Subs Ratings Under Review; Negative Implications

A.M. Best Europe – Rating Services Limited has reviewed and maintained the under review status of the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the insurance subsidiaries of the UK’s AVIVA plc, as …

Best Affirms MAPFRE RE FSR; Downgrades ICR; Off Review; Negative Outlook

A.M. Best Europe – Rating Services Limited has downgraded the issuer credit rating (ICR) to “a” from “a+” and affirmed the financial strength rating of ‘A’ (Excellent) of MAPFRE RE, Compania de Reaseguros, S.A, a key subsidiary of MAPFRE S.A. …

Best Affirms AXA U.S. FSR; Upgrades ICR; Off Review; Negative Outlook

A.M. Best Co. has removed from under review with negative implications and upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of New York-based AXA Insurance Company. Best also …

Best Affirms Allianz SE’s Ratings, Removes from Review, Outlook Stable

Following the rating actions taken in December 2011, A.M. Best Europe announced that it has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Germany’s Allianz Societas Europaea and its subsidiaries, as …

Best Affirms MAPFRE PRAICO FSR Ratings; Downgrades ICR; Outlook Negative

As Best announced in conjunction with these current rating actions, they follow a series of actions taken last December to address the implications for euro zone insurers. Generally it changed the outlook on the ratings, including MAPFRE PRAICO, to negative …

Best Takes Generali, Subs Off Review, Affirms Ratings; Outlook Negative

A.M. Best Europe – Rating Services Limited has removed from under review and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” and all debt ratings of Italy’s Assicurazioni Generali S.p.A. and its …

Best Announces Further Rating Actions on Euro Zone Insurers

A bulletin from A.M. Best notes that the rating agency has “been actively monitoring the financial crisis and its effects on European countries, stress-testing the balance sheets of (re)insurers against their exposure to euro zone debt, equities, real estate and …

Ratings Recap: Dubai Insurance, Legal & General, London General

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of the United Arab Emirates’ Dubai Insurance Company PSC (DIC), both with stable outlooks. The ratings of DIC …

Best Affirms State Farm Mutual, Affiliates & Subs Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its affiliate, State Farm County Mutual Insurance Company of Texas. Best …