A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Badger Mutual Insurance Company (Badger Mutual), of Milwaukee, Wis. The revised outlook reflects Badger …
Hilltop Holdings Inc., a Dallas-based financial holding company with interests in financial services and insurance operations, announced an agreement to acquire SWS Group Inc., a holding company that provides investment and financial services through subsidiaries. SWS Group is also headquartered …
Public Service Mutual Insurance Co.’s exit from California’s workers’ compensation market isn’t a reflection of the health of the state’s workers’ comp system, according to the California Department of Insurance. The workers’ comp carrier is part of the Magna Carta …
Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are working, its chief executive said. In a Feb. 19 conference call …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Swiss Reinsurance Company Ltd, European Reinsurance Company of Zurich Ltd, Swiss Re Europe S.A., based …
Ratings agency, A.M. Best, has placed under review with developing implications the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) of San Antonio, Texas. These rating actions follow the …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Opelousas, La.-based Imperial Fire and Casualty Insurance Co. (Imperial). The rating actions reflect …
A.M. Best Co. has revised the outlook to negative from stable of Piqua, Ohio-based Buckeye State Mutual Insurance Co. and its insurance affiliates. The ratings firm also affirmed the financial strength rating of B+ (Good) and issuer credit ratings of …
A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” of Federated Rural Electric Insurance Exchange (FREIE or the Exchange) in Lenexa, Kan. The outlook for both …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Columbia Mutual Insurance Co. (Columbia), Columbia, Mo., and its insurance subsidiaries. …
