Ratings News

A.M. Best Affirms ‘A-‘ Rating of Missouri Employers Mutual Insurance

Ratings agency A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Missouri Employers Mutual Insurance Company (MEM) of Columbia, Mo. The revised …

A.M. Best Affirms ‘A’ for Main Street America; Upgrades Grain Dealers

A.M. Best has affirmed the financial strength rating of “A” (Excellent) of super regional property/casualty insurance carrier, The Main Street America Group, and its five wholly owned subsidiaries: NGM Insurance Co., MSA Insurance Co., Main Street America Assurance Co., Old …

Louisiana Workers’ Comp Corp.’s ‘A’ Rating Reaffirmed

A.M. Best Company has reaffirmed for 2010 the financial strength rating of “A” (Excellent) Louisiana Workers’ Compensation Corp. This is the ninth consecutive year that LWCC has received the “A” rating, the insurer noted. LWCC’s financial size category is Class …

John Deere Insurance Co. Rated ‘A-‘ by A.M. Best

A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to John Deere Insurance Company (JDIC) of Johnston, Iowa. The outlook assigned to both ratings is stable. The rating actions reflect …

A.M. Best Upgrades American Summit; Assigns Rating to Hilltop Holdings

A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and issuer credit rating (ICR) to “a” from “a-” of American Summit Insurance Company (American Summit). Concurrently, Best affirmed the FSR of A (Excellent) …

A.M. Best Affirms Ratings of Lyndon Property Insurance Co.

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of St. Louis, Mo.-based Lyndon Property Insurance Company (Lyndon Property). The outlook for both ratings is negative. Best said the ratings reflect …

A.M. Best Upgrades Texas’ Producers Agriculture Insurance Group

A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit ratings to “a-” from “bbb” of Producers Agriculture Insurance Group (ProAg) and its members, Producers Agriculture Insurance Company and Producers Lloyds Insurance …

Ratings Roundup: ASSA, Eurasia, Sung Hung Kai Properties

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Panama City-based ASSA Compania de Seguros, S.A., both with stable outlooks. The ratings reflect ASSA’s “excellent capitalization, favorable operating results and …

S&P Affirms AIG’s Ratings; Outlook Still Negative

Standard & Poor’s Ratings Services has affirmed its ‘A-/A-1’ counterparty credit ratings on American International Group Inc, as well as its ‘A+’ counterparty credit and financial strength ratings on its insurance subsidiaries, Chartis and SunAmerica Financial Group. The outlook for …

Best Affirms Tower Group’s ‘A-‘ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the New York-based Tower Group Companies and its pooled and reinsured members. Best also affirmed the FSR of ‘A-‘ …