Ratings News

Ratings Recap: HSB (UK), Nissan Global Re, Optima, Hatherley/Park

A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit rating to “aa+” from “aa-” of UK-based HSB Engineering Insurance Limited (HSBEIL), both with stable outlooks. The …

Best Affirms QBE and Subs Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe) Limited, QBE Insurance (International) Limited (Australia) and QBE Reinsurance (Europe) …

Oklahoma Farm Bureau Group Ratings Downgraded

A.M. Best Co. has downgraded the financial strength rating to B- (Fair) from B (Fair) and issuer credit ratings to “bb-” from “bb” of Oklahoma Farm Bureau Group (Oklahoma Farm Bureau) and its members, Oklahoma Farm Bureau Mutual Insurance Co. …

Ratings: RetailFirst, ANICO, Mariah Re, German Mutual, Centurion, Mt. Morris

A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and issuer credit ratings of “bbb+” to RetailFirst Insurance Company and BusinessFirst Insurance Company, collectively referred to as RetailFirst Insurance Group, and has assigned a stable outlook to …

Best Affirms OneBeacon Group’s Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of the operating companies comprising Minnesota-based OneBeacon Insurance Group. Best also, affirmed the ICR of “bbb” of OneBeacon’s publicly …

Best Upgrades Ratings of Sirius America Insurance Company

A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of New York-based Sirius America Insurance Company, formerly known as White Mountains Reinsurance Company of America. …

S&P Affirms Nationwide’s ‘A+’ Ratings after Harleysville Buy

Standard & Poor’s Ratings Services has affirmed its ‘A+’ counterparty credit and financial strength ratings on Nationwide Mutual Insurance Co. and its property/casualty affiliates (collectively Nationwide) after the announcement that it would acquire Harleysville. The outlook for the ratings remains …

Best Removes Balboa Insurance and Members Ratings from ‘Under Review’

A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of Balboa Insurance Group and its property/casualty members, Balboa Insurance Company, Meritplan Insurance …

Best Affirms Sirius International Ratings

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 Sirius International Insurance Corporation (publ), which is based in Stockholm, Sweden. The outlook for …

Best Downgrades Kingsway and Affiliates Ratings; Assigns Negative Outlook

A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “c” from “ccc” and senior debt ratings to “c” from “ccc” of Kingsway Financial Services Inc (KFSI) and Kingsway America Inc. (KAI). Best has also downgraded the financial strength …