Ratings News

Best Affirms Flagstone Reassurance Suisse ‘A-‘ Ratings; Outlook Negative

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Flagstone Reassurance Suisse S.A. and Flagstone Alliance Insurance and Reinsurance PLC, which is based on Cyprus, as well as the …

Best Affirms BP Captive Jupiter Insurance ‘A’ Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Guernsey-based Jupiter Insurance Limited, both with stable outlooks. Jupiter is a captive of BP plc, an integrated …

Best Opens Office in Dubai International Financial Center

A.M. Best Co. announced the formal opening of its new office in the Dubai International Finance Centre (DIFC) in Dubai, UAE. The office is located in Tower 2, Currency House, DIFC, and “will operate as A.M. Best MENA, South & …

Ratings Recap: Badger, So. Carolina Farm, Louisiana Farm, Colorado Farm

A.M. Best Co. has downgraded the financial strength rating to ‘A-‘ (Excellent) from ‘A’ (Excellent) and issuer credit rating to “a-” from “a” of Milwaukee-based Badger Mutual Insurance Company (BIC, and has revised its outlook on both ratings to stable …

Ratings Recap: Swiss Re Corporate Solutions, Milli Re

A.M. Best Co. has assigned a financial strength rating of ‘A+’ (Superior) and an issuer credit rating of “aa-” to Swiss Re Corporate Solutions Ltd. (SRCSL), both with stable outlooks. The ratings of SRCSL are “based on its strong expected …

Ark. Farm Bureau Ratings Lowered; Louisiana Farm Bureau Affirmed

A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb” from “a-” of Farm Bureau Mutual Insurance Co. of Arkansas Inc. (Arkansas Farm Bureau) in Little Rock, Ark. The …

Best Sees No Ratings Changes at Aviva after Moss Departure

A.M. Best Europe – Rating Services Limited has commented that the financial strength ratings, issuer credit ratings and debt ratings of the UK’s Aviva plc and its subsidiaries “are unaffected by the recent announcement that Aviva’s chief executive officer (CEO) …

Ratings: North Country, Liberty Mutual (notes), Allstate (shelf), Am. Freedom

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 Watertown, New York-based North Country Insurance Company, and has revised its outlook for both ratings to …

Ratings Recap: National General, Univé Her/Stormher, Radius

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating of “bbb+” of the United Arab Emirates National General Insurance Company (P.S.C.) (NGI), both with stable outlooks. Best noted …

Best Affirms, Upgrades SCOR’s No. American Subs Ratings; Outlook Stable

Following its rating actions on the parent company, France’s SCOR SE, A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of the group’s non-life North American …