A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Fremont Insurance Company, as well as the ICR of “bbb-” of its parent holding company, Fremont Michigan InsuraCorp, Inc. (OTC …
A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $300 million 5.5 percent senior unsecured notes due 2020 of Bermuda-based Allied World Assurance Company Holdings, with a stable outlook. The proceeds from the debt offering …
Standard & Poor’s Ratings Services has affirmed its ‘A’ counterparty credit and financial strength ratings and stable outlook on Electric Insurance Co. S&P also said it subsequently withdrew the ratings at the company’s request. “The ratings reflected Electric Insurance’s unique …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bahamas First General Insurance Company Limited (BFG). Best has also removed …
A.M. Best Co. and Standard & Poor’s Ratings Services have both placed their credit and financial strength ratings on RenaissanceRe’s U.S. insurance companies under review with negative implications. The actions follow yesterday’s announcement that RenRe has entered into a definitive …
A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit rating (ICR) to “aa-” from “a+” of Zurich Insurance Company Limited (ZIC), the main operating company of …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit ratings (ICR) to “aa-” from “a+” of the U.S. subsidiaries of Zurich Insurance Company Limited (ZIC), including the lead company of …
A.M. Best Co. has affirmed the financial strength rating of ‘A ‘(Excellent) and issuer credit rating of “a+” of Japan’s Aioi Nissay Dowa Insurance Company Limited, both with stable outlooks. The ratings reflect Aioi Nissay Dowa’s strong risk-adjusted capital position …
A.M. Best Co. has assigned a financial strength rating of “A” (Excellent) and issuer credit rating of “a” to Veterinary Pet Insurance Co. of Brea, Calif. The outlook assigned to both ratings is stable. VPI is a wholly owned subsidiary …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of AXIS Specialty Limited (AXIS) and its operating affiliates. Best also affirmed the ICR of “bbb+” and all existing debt …
