A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Germany’s Delvag Luftfahrtversicherungs-AG (Delvag) and Delvag Rueckversicherungs-AG (Delvag Rueck [Re]) with stable outlooks. The ratings of Delvag …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A+ (Superior) and issuer credit rating of “aa-” of Lititz Mutual Insurance Pool, which includes the operations of Lititz Mutual Insurance Company …
Standard & Poor’s Ratings Services lowered its counterparty credit and financial strength ratings on Kuwait’s First Takaful Insurance Co. to ‘BB-‘ from ‘BB+’, and assigned the ratings a negative outlook. S&P then withdrew the ratings on First Takaful at the …
A.M. Best Co. has assigned a debt rating of “bbb” to the $325 million 7.25 percent Series E cumulative preferred shares of Bermuda-base PartnerRe, Ltd. ,with a stable outlook. The proceeds from the issuance will be used by PartnerRe for …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of The Hanover Insurance Group Property and Casualty Companies and its members. Best also affirmed the ICR of “bbb” and all …
A.M. Best Co. has commented that the ratings of the subsidiaries of Swiss-based Allied World Assurance Company Holdings, AG and New York-based Transatlantic Holdings, Inc. and its subsidiaries, are unchanged following the announcement of a definitive agreement to merge. Best …
A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Texas-based Universal North America Insurance Company (UNAIC). Best also affirmed the …
A.M. Best Co. has downgraded the financial strength rating to ‘C++’ (Marginal) from ‘B-‘ (Fair) and issuer credit rating to “b” from “bb-” of New York’s Park Insurance Company, and has assigned a negative outlook to the ratings. Best said …
Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based Attorneys’ Liability Assurance Society (Bermuda) Ltd. and its Vermont-based operating unit, Attorneys’ Liability Assurance Society Inc. RRG (collectively referred to as ALAS), to negative from stable, and has 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 State Farm General Insurance Company, and has revised the outlook for both ratings to …
