A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a-” and senior debt ratings of ACE Limited, based in Zurich, Switzerland, and ACE INA Holdings Inc. In addition Best affirmed …
A.M. Best Co. commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of National Interstate Group and its members and the ICR of “bbb+” of the group’s publicly traded parent, National Interstate …
A.M. Best Co. has commented that the ratings of Bermuda-based Torus Insurance Holdings Limited and its operating subsidiaries are unchanged following Torus’ announcement that its subsidiary, Torus Insurance (Bermuda) Limited, will acquire Liechtenstein-based Glacier Insurance AG. [See IJ web site …
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 Rural Mutual Insurance Company (Rural Mutual) in Madison, Wis. The outlook for both ratings has been …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings (ICR) of “a-” of DeRidder, La.-based Amerisafe Insurance Group (Amerisafe) and its members. Amerisafe includes American Interstate Insurance Company, Silver Oak Casualty Inc. and …
A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company Limited (LGL), both with stable outlooks. LGI and LGL are …
Standard & Poor’s Ratings Services is keeping its ‘A’ counterparty credit and financial strength ratings on Reserve National Insurance Co. on CreditWatch with negative implications. “We had placed these ratings on CreditWatch negative after Unitrin Inc. announced that it had …
Pennsylvania-based Harleysville Insurance Group posted an $8.1 million profit in the first quarter – a drop compared with the $17.3 million it made in the year-ago quarter, but enough to earn an upgraded rating from A.M. Best. Catastrophe losses were …
A.M. Best Co. announced that it plans to withdraw its Canadian public data (pd) rating assignments on or about August 31, 2010. It will assign a category NR-5 (Not Formally Followed) to the financial strength ratings and an “nr” to …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of Indianapolis, Ind.-based Baldwin & Lyons Group, which includes Protective Insurance Co. and its wholly owned subsidiary, Sagamore Insurance Co. …
