Ratings News

S&P Affirms Liberty Mutual, Affiliates Ratings; Revises Outlook to Positive

Standard & Poor’s Ratings Services has revised its outlook on Liberty Mutual Group (LGMI, and the members of the Liberty Mutual Intercompany Pool, the Peerless Intercompany Pool, and other rated insurance affiliates (collectively, Liberty) to positive from stable. S&P also …

S&P Ups Harleysville’s Outlook; Affirms Ratings on Nationwide Deal

Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Harleysville Mutual Ins. Co. and its affiliates, as well as the counterparty credit rating on Harleysville Group Inc. (HGI), and has revised its outlook …

Ratings Roundup: Unique, Montpelier U.S., MedPro

A.M. Best Co. has revised the outlook to stable from positive, downgraded the issuer credit rating to “bb” from “bb+” and affirmed the financial strength rating of ‘B’ (Fair) of Chicago-based Unique Insurance Company. Best explained that the revised outlook …

Best Affirms American Southern, Parent and Subs Ratings; Outlooks Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of American Southern Group and its members. These ratings apply to American Southern Insurance Company of Topeka, Kansas and its …

Ratings Recap: Rembrandt, XL (notes)

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Bermuda-based Rembrandt Insurance Company, Ltd. , a captive operation of Vitol Holding B.V., a global oil …

Ratings Recap: Gulf, Unity Re, Connaught, Macau

A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘C++’ (Marginal) from ‘B’ (Fair) and issuer credit rating (ICR) to ‘b’ from of ‘bb+’ of Gulf Insurance Limited, which is based in Trinidad, and has placed both ratings …

Best Downgrades, Places on Review Ansvar Insurance (New Zealand) Ratings

A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and issuer credit rating to ‘bbb’ from ‘a-‘of Ansvar Insurance Limited (New Zealand), and has placed both ratings under review with negative implications. The rating …

Best Upgrades Greenlight Re’s Ratings to ‘A’; Outlook Stable

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to ‘a’ from ‘a-‘ of Cayman Islands-based Greenlight Reinsurance, Ltd., and has also affirmed the FSR of ‘A-‘ …

Ratings Recap: FM Global (UK), Tapiola

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of ‘aa’ of UK-based FM Insurance Company Limited (FMI). The outlook for both ratings remains stable. The affirmation of the …

Best Affirms FM Global Group and Members ‘A+’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘aa’ of FM Global Group (FM Global) and its members, which includes the lead company, Factory Mutual Insurance Company and its …