Ratings News

Best Affirms Arab Re’s Ratings; Outlook Revised to Stable

A.M. Best Europe – Rating Services Limited has revised the outlook to stable from positive and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Arab Reinsurance Company S.A.L., which is based in Lebanon. …

Fitch Affirms Everest Re’s Ratings; Outlook Stable

Fitch Ratings has affirmed the ratings of Everest Re Group, Ltd.’s debt-issuing holding company, Everest Reinsurance Holdings, Inc. and its subsidiaries. “Everest’s debt ratings are only one notch lower than the operating companies’ Insurer Financial Strength (IFS) ratings, which reflects …

Best Affirms Flagstone Re Africa Ratings; Put Under Review-Negative

A.M. Best Europe – Rating Services Limited has placed under review with negative implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Flagstone Reinsurance Africa Limited (FReA), which is based in South …

S&P Affirms Marsh Mac’s Ratings; Outlook Revised to Stable

Standard & Poor’s Ratings Services has revised its outlook on Marsh & McLennan Cos. to stable from negative, and has affirmed its ‘BBB-‘ long-term and ‘A-3’ short-term counterparty credit ratings on the company. “The outlook revision reflects our improved view …

Ratings Roundup: Torus Specialty, Assurant, National American

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Torus Specialty Insurance Company and Torus National Insurance Company, both of which are domiciled in Wilmington, Delaware, and are wholly owned …

S&P Lowers State Auto Group’s Operating Company Ratings to ‘BBB+’

Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the operating insurance companies of State Auto Group to ‘BBB+’ from ‘A-‘. S&P also lowered its counterparty credit rating on State Auto Financial Corp. to …

Best Affirms Torus Insurance Holdings and Operating Subs Ratings

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 Torus Insurance (Bermuda) Limited, Torus Insurance (UK) Limited and Torus Insurance (Europe) AG, which is …

Ratings Roundup: Nonprofits Alliance, Infinity, Partners Mutual

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the Nonprofits Insurance Alliance Group members, Alliance of Nonprofits for Insurance, Risk Retention Group (ANI), National Alliance of Nonprofits for Insurance …

Best Affirms Hannover Re and Subs ‘A’ Ratings; Outlook Positive

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 Hannover Rueckversicherung AG (Hannover Re) and its subsidiaries. Best also affirmed the debt ratings of …

Ratings Roundup: Prism, Slavonic Mutual, AvMed

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Vermont-based captive Prism Assurance, Ltd., both with stable outlooks. The ratings reflect Prism’s “strong capitalization and solid operating performance,” said Best. …