Standard & Poor’s Ratings Services announced that its ratings on Allstate Corp. (A-/Stable/A-2) and its operating subsidiaries “are not affected by the announcement that Allstate is exiting the banking business. As part of this transaction, approximately $1 billion in the …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb” of Jevco Insurance Company, which is based in Quebec. At the same time Best affirmed the ICR of “bb” of Jevco’s …
Best Comments on Ratings of Chartis U.S. Insurance Group A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the New York-based Chartis U.S. Insurance Group, whose members are wholly …
Standard & Poor’s Ratings Services announced that its ratings on American International Group Inc. (A-/Negative/A-2) and AIG’s insurance subsidiaries “are not affected by the company’s announcement that it expects to report a $4.1 billion charge for the fourth quarter of …
A.M. Best has issued a series of ratings announcements relating to Canada’s Fairfax Financial Holdings and its subsidiaries. The bulletins are as follows: A.M. Best Co. has removed from under review with negative implications and downgraded the financial strength rating …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Odyssey Reinsurance Group, based in Wilmington, Del., and its members. Best also affirmed the ICR of “bbb” and debt …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited, and has assigned indicative ratings of “bbb” to senior unsecured debt, “bbb-” to subordinated …
Standard & Poor’s Ratings Services has revised its outlook on Aviva PLC, the holding company of the U.K.-based global multiline insurance group Aviva, and the majority of its operating entities, to stable from negative. S&P also affirmed its ‘A’ long-term …
Dallas-based Gainsco Inc. announced that A.M. Best has upgraded the financial strength rating (FSR) of Gainsco’s principal insurance subsidiary, MGA Insurance Co. Inc., to B+ (Good) from B (Fair). The issuer credit rating (ICR) of the insurance company was also …
Standard & Poor’s Ratings Services said today that it placed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on AXA Insurance Ltd. on CreditWatch with negative implications. S&P explained that it took the action following its decision on …
