Standard & Poor’s Ratings Services has placed its ‘A-‘ counterparty credit and financial strength ratings on State Auto National Insurance Co. (SA National), a subsidiary of State Auto Financial Corp. and a member of SAG, on CreditWatch with negative implications. …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a” of Michigan Insurance Co. based in Grand Rapids, Mich. The outlook assigned to both …
Standard & Poor’s Ratings Services has affirmed its long-term counterparty credit and insurer financial strength ratings on various operating insurance subsidiaries of ING Groep N.V. (ING) and its ‘A-/A-2’ counterparty credit ratings on Netherlands-based insurance holding company ING Verzekeringen N.V. …
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 Michigan Commercial Insurance Mutual (MCIM) in Lansing, Mich. The outlook for both ratings has been revised …
Standard & Poor’s Ratings Services has withdrawn its ‘AA+’ counterparty credit and financial strength ratings on General Reinsurance UK Ltd. (GRUK). “This rating action follows the transfer of all assets and liabilities of GRUK to an affiliate, the U.K. branch …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Iowa-based Aviva Life and Annuity Company (ALAC) and its wholly owned subsidiary, Aviva Life and Annuity Company of New …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of China Taiping Insurance (New Zealand) Company Limited (CTPNZ), both with stable outlooks. The ratings reflect CTPNZ’s “adequate risk-adjusted capitalization, notable improvement …
A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Cherokee Insurance Company. In addition Best has upgraded the ICR to “bbb” from “bbb-” of …
A.M. Best Co. has upgraded the financial strength rating (FSR) to B++ (Good) from B+ (Good) and issuer credit rating (ICR) to “bbb” from “bbb-” of 1st Auto & Casualty Insurance Company (1st Auto). These rating actions are based on …
A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of “a-” of the UK-Based non-operating holding company, Aviva plc. Best also affirmed the financial strength rating (FSR) …
