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-” for Minnesota-based Benchmark Insurance Company. Best said the rating affirmation reflects Benchmark’s “adequate level …
A.M. Best Europe – Rating Services Limited has removed from under review with negative implications and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Société Tunisienne de Reassurance (Tunis Re), and has assigned …
Standard & Poor’s Ratings Services has lowered its rating on the Class 2009-1 notes issued by Residential Reinsurance 2009 Ltd. to ‘B+(sf)’ from ‘BB-(sf)’. S&P explained that the rating action “is related to the changes in AIR Worldwide Corp.’s model …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of Travelers Group and its property/casualty members, and affiliates, Travelers Casualty and Surety Company of America (TCSA) and TCSA’s affiliate, …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Bermuda-based Top Layer Reinsurance Ltd. ; both with stable outlooks. The ratings reflect the “substantial amount of support Top …
A.M. Best Co. has revised the outlook to negative from positive and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Gateway Insurance Co. (Gateway) in St. Louis, Mo. The ratings reflect Gateway’s adequate …
HCC Insurance Holdings Inc., headquartered in Houston, announced that Standard & Poor’s Corp. has affirmed the Financial Strength Ratings of “AA” for the following insurance company subsidiaries: Houston Casualty Co. Avemco Insurance Co. U.S. Specialty Insurance Co. HCC Specialty Insurance …
A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” to Dubai Insurance Company PSC (DIC), which is based in the United Arab Emirates (UAE). The outlook for …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Mexico’s Mapfre Tepeyac S.A., both with stable outlooks. The ratings reflect Mapfre Tepeyac’s “solid balance sheet, growing market presence and adequate …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based Montpelier Reinsurance Ltd. and its wholly owned subsidiary, Montpelier US Insurance …
