Ratings News

Best Affirms Fairfax Financial and Most Subs Ratings

A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Fairfax Financial Holdings Limited. Best also affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of “a” …

Best Upgrades SCOR & Subs Credit Ratings; Affirms Financial Ratings

A.M. Best Europe – Ratings Services Limited has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of French reinsurer SCOR SE and its main subsidiaries. Best also upgraded …

A.M. Best: Century-National Upgraded to A

A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” of Century-National Insurance Co. in North Hollywood, Calif. The outlook for both ratings has been revised to …

A.M. Best Downgrades Ratings of Missouri’s Gateway Insurance

A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to “bb” from “bbb-” of Gateway Insurance Co.y (Gateway) of St. Louis, Mo. The outlook for both ratings is negative. The …

Ratings Recap: Gateway, State Mutual, Discovery, Southern Mutual

A.M. Best Co. has downgraded the financial strength rating to ‘B’ (Fair) from ‘B+’ (Good) and issuer credit rating to “bb” from “bbb-” of St. Louis-based Gateway Insurance Company, and has assigned a negative outlook to both ratings. The rating …

Best Downgrades Interstate Auto’s Ratings to ‘C+’; Outlook Negative

A.M. Best Co. has downgraded the financial strength rating to ‘C+’ (Marginal) from ‘C++’ (Marginal) and issuer credit rating to “b-” from “b” of Baltimore-based Interstate Auto Insurance Company, Inc., and has assigned a negative outlook to both ratings. The …

Best Affirms Ratings Samsung Fire & Marine (Europe) Ratings

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 Samsung Fire & Marine Insurance Company of Europe Limited (SFME), both with stable outlooks. Best noted: …

Best Affirms Horace Mann Educators and Subs ‘A-‘ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty group, Horace Mann Insurance Group and its members. Best also affirmed the FSR of ‘A’ (Excellent) and …

Ratings Recap: Arab Orient, Tristar, ASSA, Arabia, ACR Capital

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of United Arab Emirates-based Arab Orient Insurance Company (PSC) (Orient), both with stable outlooks. The ratings reflect …

Outlook Revised to Positive for Texas-Based MGA Insurance Co.

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of MGA Insurance Co. Inc. (MGA) in Dallas. The ratings agency noted that the …