Ratings News

National Lloyds, American Summit Insurance Ratings Affirmed

A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a+” of National Lloyds Insurance Co.(National Lloyds), as well as the FSR of A (Excellent) and ICR of “a” of American …

Ratings Roundup: First Nonprofit, Central

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Chicago-based First Nonprofit Insurance Company (FNIP). In addition Best has affirmed …

Ratings Recap: Solid, Jevco, Argus Group, Munich Re (bonds)

A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘B++’ (Good) from B+ (Good) and the issuer credit rating to “bbb” from “bbb-” for Sweden’s SOLID Forsakringsaktiebolag, both with stable outlooks. Solid’s ratings reflect its …

Ratings Roundup: Michigan Professional, Bancinsure, Maiden NA

A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Michigan Professional Insurance Exchange (MPIE), both with stable outlooks. The ratings reflect MPIE’s “strong risk-adjusted capitalization, long-term …

Ratings Recap: Saturn, CCR, Arch (Pref. Shares)

A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Vermont-based Saturn Insurance Inc., and has assigned a stable outlook to both ratings. Saturn is a captive …

Ratings of Minnesota’s Austin Mutual Insurance Downgraded

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 Austin Mutual Insurance Co. (Austin Mutual) of Maple Grove, Minn. The outlook for both ratings is …

Best Affirms Platinum Underwriters ‘A’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Platinum Underwriters Bermuda, Ltd. and its strategic affiliate, Baltimore-based Platinum Underwriters Reinsurance, Inc. Best also affirmed the ICR of “bbb” …

Ratings Recap: ACS (NZ) Ltd., Transmonde, Risk Re, Ansvar Australia

A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit rating to “bbb-” from “bbb” of New Zealand’s ACS (NZ) Limited, and has removed both ratings from under review with negative implications …

Best Affirms AGA International (Ex-Mondial Assistance) Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of France’s AGA International SA (AGAI SA) – formerly Mondial Assistance International SA -and its U.S. subsidiary, the …

Ratings Roundup: Missouri Valley, Berkley (Notes), Old United, Blue Whale (Pfizer), Zale, Infinity

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of South Dakota-based Missouri Valley Mutual Insurance Company (MVM). Best explained that the revised …