Ratings News

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 …

Best Affirms ‘A’ Ratings of Lloyd’s Syndicate 2010 (Cathedral)

A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010. At the same time Best affirmed the ICR of “bbb+” of Cathedral Capital …

Best Affirms HCC and Most Subs ‘A+’ Ratings; ACIC, USSC Upgraded

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-“of Houston Casualty Group (HCC), its property/casualty members and HCC Life Insurance Company. Best also upgraded the FSRs to ‘A+’ (Superior) …

Ratings Roundup: Travelers (UK), Tenet, Allianz (France)

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A (Excellent) and issuer credit rating (ICR) of “a+” of UK-based Travelers Insurance Company Limited (TICL), both with stable outlooks. TICL is expected to “maintain excellent …

S&P Revises Outlook on Mutual of Omaha to ‘Negative’

Standard & Poor’s Ratings Services said it has revised its outlook on Mutual of Omaha Insurance Co. to negative from stable, and has assigned its ‘A’ rating to Mutual of Omaha’s issue of up to $300 million in surplus notes. …

Best Affirms Greenlight Re’s ‘A-‘ Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Cayman Islands-based Greenlight Reinsurance, Ltd. ,both with stable outlooks. The ratings of Greenlight Re are based on its “excellent risk-adjusted capitalization, …

S&P: No Change in Horace Mann’s Ratings from Lower’s Exit

Standard & Poor’s Ratings Services said that its ratings on Horace Mann Educators Corp. (BBB/Stable/–) and its insurance operating subsidiaries are “unaffected by executive leadership changes within the group.” The company has announced the retirement of President and CEO Louis …

Best Affirms Aspen’s ‘A’ Ratings; Outlook Stable

A.M. Best Europe – Ratings Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Bermuda-based Aspen Insurance Limited (AIL). Best also affirmed the …

Ratings Recap: FM Insurance, AMI (NZ), MISR, Greenlight Re Ireland

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of UK-based FM Insurance Company Limited (FMI), both with stable outlooks. The affirmation of the ratings …

Ratings Recap: Western General, Lumbermen’s, AttPro RRG, Aspen Specialty, ILM Group

A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb+” of Western General Insurance Company. Best indicated that, although the outlook for the FSR is stable, the outlook for the …