Ratings News

Best Affirms Ratings of HDI Hftp. der Deutschen Industrie, Talanx AG

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Germany’s HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.), the ultimate mutual parent company …

Best Affirms HDI-Gerling Industrie Versicherung AG, and Subs Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Germany’s HDI-Gerling Industrie Versicherung AG (HGI) and its rated subsidiary, HDI-Gerling Welt Service AG …

Best Assigns ‘A-‘ Ratings to Assurances Mutuelles de France

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, both with stable outlooks. Best explained: “AM is a mutual reinsurer member of …

Best Places IPCRe, Validus Re Europe Ratings on Review-Developing

A.M. Best Co. has placed under review with developing implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Bermuda-based IPCRe Limited and Validus Re Europe Limited, which is headquartered in Dublin, Ireland. The under …

Moody’s Warns May Downgrade Global Banks, Cuts Ratings on Insurers

Moody’s warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system. It was reviewing …

Best Affirms Mexico’s Seguros Inbursa ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘A ‘(Excellent) and issuer credit rating of “a” of Mexico’s Seguros Inbursa, S.A. Grupo Financiero Inbursa, both with stable outlooks Best said the ratings reflect Seguros Inbursa’s “solid risk-adjusted capitalization, …

Ratings: Concord Group, Mountain States, Atradius Trade Credit, Young America

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of Concord Group Insurance Pool and its member companies, Concord General Mutual Insurance Company, …

Best Upgrades Fremont Ratings; Affirms Auto Club Group, P/C Members

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Michigan-based Fremont Insurance Company, and has also affirmed the FSR of ‘A’ (Excellent) and …

Ratings Roundup: La Colonial, InterGlobal

A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of the Dominican Republic’s La Colonial, S.A. Compania de Seguros, both with stable outlooks. The ratings reflect La Colonial’s “profitable net results …

Fremont Insurance Co. Ratings Upgraded; Auto Club Group Affirmed

A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Fremont Insurance Co. (Fremont) of Fremont, Mich. In addition, A.M. Best has affirmed the …