March 5, 2012
Both A.M. Best and Standard & Poor’s issued bulletins following the announcement that Ariel Re was selling off its Bermuda-based reinsurance business to Arrow, a unit of investment Bank Goldman Sachs, and its trade credit and surety (C&S) operations, which …
February 28, 2012
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 Petroleum Marketers Management Insurance Company (PMMIC) of Des Moines, Iowa. The outlook for both ratings has …
February 24, 2012
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Wisconsin-based McMillan-Warner Mutual Insurance Company (MWM). Best explained that the revised outlook reflects …
February 24, 2012
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of” A’ (Excellent) and issuer credit rating of “a” of Bermuda-based PMG Assurance Ltd. Best said the ratings “reflect PMG’s excellent capitalization, its …
February 23, 2012
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the main UK operating subsidiaries of the UK’s RSA Insurance Group plc. Best also withdrew …
February 22, 2012
A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Assurances Mutuelles de France (AM), both with stable outlooks. AM is a mutual reinsurer member of Covéa, …
February 21, 2012
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 Plateau Insurance Company (PIC). Best also affirmed the FSR of ‘A-‘ (Excellent) and ICR …
February 21, 2012
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the insurance operating subsidiaries of Bermuda-based American Safety Insurance Holdings, Ltd. (ASI), which includes: American Safety Casualty Insurance Company, based in …
February 21, 2012
A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Starr International Insurance (Singapore) Pte. Ltd. (SIIS), a wholly owned subsidiary of Bermuda-based Starr Insurance & Reinsurance Limited (SIRL) and …
February 21, 2012
Rating agency A.M. Best’s London office said it has obtained the necessary approvals to establish a branch operation in the Dubai International Financial Center in Dubai, UAE. The new office will serve Middle East-North Africa, South and Central Asia. The …