Ratings News

Best Upgrades Unifund Assurance Rating; Affirms Ratings of RSA Canada Members

A.M. Best Co. has upgraded the issuer credit rating (ICR) to “bb+” from “bb” and affirmed the financial strength rating (FSR) of ‘B’ (Fair) of Unifund Assurance Company, which is based in St. John’s, Canada. Best has also affirmed the …

Best Affirms Ratings of American Safety Insurance Holdings Subsidiaries

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of the subsidiaries of Bermuda-based American Safety Insurance Holdings, Ltd. They are Oklahoma City based American Safety Casualty Insurance Company and …

Ratings Recap: InterGlobal, B&B Insurance, Grupo Nacional

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of UK-based InterGlobal Insurance Company Limited, both with stable outlooks. Best said the ratings reflect InterGlobal’s “solid level …

Ratings Roundup: State Auto/Hallmark, Claremont Liability

A.M. Best Co. has assigned a financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” to Ohio-based State Auto National Insurance Company, following its December 31, 2010 acquisition by Hallmark Insurance Company from State Auto …

Ratings Recap: Tokio Marine Pacific, Malaysian Re, Kazakhinstrakh, Ansvar

A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Guam-based Tokio Marine Pacific Insurance Limited (TMPI), both with stable outlooks. The ratings reflect TMPI’s “consistent growth in surplus and dominant …

Ratings Recap: Computer, FirstComp

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Providence RI-based Computer Insurance Company, both with stable outlooks. Best said the ratings reflect Computer Insurance Company’s “outstanding profitability, conservative operating …

Best Upgrades Am. Country, Am. Service after Kingsway Public Offering

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘B’ (Fair) from ‘B-‘ (Fair) and issuer credit ratings (ICR) to “bb” from “bb-” of American Country Insurance Company and American Service Insurance Company, Inc., both domiciled in Elk …

Ratings Recap: Century Insurance (Guam & Saipan), Taiping Re

A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Century Insurance Company (Guam) Ltd. (CIC Guam)and Century Insurance Co., Ltd. (CIC Saipan), headquartered in the Northern Mariana Islands. The outlook …

Best Affirms Mitsui Sumitomo Insurance ‘A+ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Mitsui Sumitomo Insurance Company, Limited (MSI), as well as the FSR of ‘A+’ (Superior) and ICR of “aa” …

Best Assigns ‘A’ Rating to Swiss-based Catlin Re

A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating (ICR) of “a” to Catlin Re Switzerland Ltd, the newly formed wholly owned subsidiary of Bermuda-based Catlin Group Limited …