Insurers writing homeowners coverage in Florida could see a revision in their financial ratings after one of the nation’s top rating companies announced it will reconsider them in light of the financial problems faced by the state-back reinsurance facility. A.M. …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of property/casualty subsidiaries of Amerisafe Inc., headquartered in DeRidder, La. — American Interstate Insurance Co., Silver Oak Casualty Inc. and American …
Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance Co., a Texas based property and casualty insurer. Dallas National, a subsidiary of Dallas National Insurance Holdings, was founded in 2005. …
A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of C+ (Marginal) and issuer credit rating of “b-” of First Chicago Insurance Co. (First Chicago) in Bedford Park, Ill. The stable outlook …
A.M. Best Co. has downgraded the financial strength rating to B-(Fair) from B (Fair) and issuer credit rating to “bb-” from “bb” of Dallas National Insurance Co. (Dallas National) in Dallas, Texas. Both ratings have been placed under review with …
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of A (Excellent) of Atain Specialty Insurance Co., Farmington Hills, Mich., and its wholly-owned subsidiary, Atain Insurance Co., Arlington, …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb+” of Oregon-based Sublimity Insurance Company, and has revised its outlook on both of the ratings …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Bermuda-based Top Layer Reinsurance Ltd., both with stable outlooks. Best said the ratings “reflect the substantial amount of support …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Dublin, Ireland-based Renaissance Reinsurance Ltd. and Renaissance Reinsurance of Europe. Best has also affirmed the ICR of “a-” and …
A.M. Best Co. announced it has downgraded the financial strength rating to C++ (Marginal) from B (Fair) and issuer credit rating to “b” from “bb” of Gramercy Insurance Co. (GIC) in Dallas, Texas. The outlook for both ratings is negative. …
