Ratings News

Ratings Recap: Trinidad & Tobago, Newport Bonding, Petrovietnam

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Trinidad & Tobago Insurance Limited (TATIL), both with stable outlooks. The ratings reflect TATIL’s “historically profitable operating performance, solid capitalization and …

S&P Lowers Outlook on Allstate and Subs to Negative; Affirms Ratings

Standard & Poor’s Ratings Services has revised its outlook on Allstate Corp., Allstate Insurance Co. (AIC), and its core property-liability insurance companies (collectively, Allstate Protection), as well as the life insurance companies, deemed strategically important to the group (collectively, Allstate …

Best Affirms Mercury General and Operating Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of L.A.–based Mercury Casualty Group and its members. Best also affirmed the FSR of ‘A-‘ (Excellent) and ICRs of “a-” …

S&P Affirms Montpelier Re Ratings; Outlook Stable

Standard & Poor’s Ratings Services has affirmed its ‘BBB’ long-term counterparty credit rating on Montpelier Re Holdings Ltd. and its ‘A-‘ counterparty credit and financial strength ratings on the core operating subsidiary, Montpelier Reinsurance Ltd. The outlook is stable. Montpelier …

S&P Upgrades Swiss Re and Core Subsidiaries to ‘AA-‘; Outlook Stable

Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Zurich-based reinsurer Swiss Reinsurance Co. Ltd., and its core subsidiaries (collectively Swiss Re, or the group) to ‘AA-‘ from ‘A+’. The outlook on …

Ratings Recap: Farmers of Tenn., Wisc. Am. Mutual, Commerce Protetctive

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 Farmers Mutual of Tennessee. Best explained that the revised outlook of Farmers of …

Best Affirms Munich Re, Subsidiaries, Munich Re America ‘A+’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed all of its debt ratings for Munich Re. The outlook …

Best Affirms W.R. Berkley and Subs ‘A+’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Berkley Insurance Group, Admiral Insurance Group, Berkley Regional Group and Nautilus Insurance Group and their respective property/casualty members. Best …

Best Revises Allied World, Affiliates ICR Outlook to Positive; Affirms Ratings

A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a” of Allied World Assurance Company, Ltd and its operating affiliates. Best also affirmed the financial strength rating (FSR) of ‘A …

Best Affirms Ratings of UK-Based Travelers Insurance Co. Limited

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of the UK-based Travelers Insurance Company Limited (TICL), both with stable outlooks. “TICL is expected to maintain excellent …