Ratings News

Ratings: First Capital, First Net, Trinidad & Tobago Ins., Harmony General

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Singapore’s First Capital Insurance Limited, both with stable outlooks. The ratings reflect First Capital’s “adequate risk-adjusted capitalization and its ability to …

Best Revises Hannover Re, Subs Outlook to Positive; Affirms ‘A’ Ratings

A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable for the ratings of Germany’s Hannover Rueckversicherung AG (Hannover Re) and its related debt issues and rated subsidiaries. Best also affirmed the financial strength rating …

Ratings Recap: Chartis U.S Subs; Landcar, Prism, Pacific Pioneer

A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” and assigned an NR-5 (Not Formally Followed) to the FSRs and “nr” to the ICRs of Louisiana-based Audubon Insurance Company and …

S&P Sees No Effect on AXIS’ Ratings from Change in CFO’s

Standard & Poor’s Ratings Services announced that its ratings on Bermuda-based AXIS Capital Holdings Ltd. (A-/Stable/–) and its operating subsidiaries are not affected by the announcement of the appointment of Albert Benchimol as chief financial officer, effective Jan. 17, 2011. …

Employers Holdings Financial Strength Rating Affirmed at ‘A-‘

Insurance rating bureau A.M. Best has affirmed the financial strength rating of Reno, Nev.-based Employers Holdings Inc.of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Employers Insurance Group and its four pooled property/casualty operating subsidiaries, Employers Insurance Company …

Ratings Roundup: Dah Sing, Qualitas, Nissan Global

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Dah Sing Insurance Company Limited (DSI), both with stable outlooks. Best said the affirmations reflect “DSI’s solid risk-adjusted capital position, …

Best Places Brit’s Ratings Under Review with Negative Implications

A.M. Best Europe – Rating Services Limited has placed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the UK’s Brit Insurance Limited (BIL) and the ICR of “bbb” of Netherlands-based Brit Insurance Holdings …

Best Affirms Torus Insurance and Operating Subsidiaries Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus Insurance (UK) Limited, Torus Specialty Insurance Company and Torus National Insurance …

Pacific Pioneer Insurance Rating Upgraded to B++

A.M. Best Co. has upgraded the financial strength rating of Pacific Pioneer Insurance Co. to “B++” from “B+,” and issuer credit rating to “bbb” from “bbb-.” The outlook for both ratings is stable, according to the rating agency. A.M. Best …

Best Takes Various Rating Actions on Kingsway and Subsidiaries

A.M. Best Co. announced that it has removed from under review with negative implications and affirmed the financial strength ratings (FSR) of ‘B-‘ (Fair) and issuer credit ratings (ICR) of “bb-” of Miami-based Kingsway Amigo Insurance Company and Illinois-based Universal …