Standard & Poor’s Rating Services has lowered its long-term counterparty credit ratings and insurer financial strength ratings on the core entities of France’s AXA group to ‘AA-‘ from ‘AA’. S&P also revised the counterparty credit rating on the holding company …
Standard & Poor’s Ratings Services announced that it has revised the outlooks on the various operating entities of Switzerland’s Zurich Financial Services (collectively ZFS) to stable from negative. ZFS includes Swiss-based Zurich Insurance Company Ltd. (ZIC), Ireland-based Zurich Insurance PLC, …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of VICTORE Insurance Company (VIC) of Oklahoma City, both with stable outlooks. The ratings reflect VICTORE’s current “modest underwriting leverage, sound balance …
A.M. Best Co. has downgraded the financial strength rating to B+ (Good) from B++ (Good) and issuer credit ratings to “bbb-” from “bbb” of Interstate Bankers Casualty Company of Chicago, Ill. The rating outlook has been revised to negative from …
A.M. Best Co. affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc. with a negative outlook. The rating agency also affirmed the FSRs of ‘A’ (Excellent) and ICRs of “a+” of the key life/health …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Electric Lloyd’s of Texas (Electric Lloyd’s) (Dallas, Texas) and assigned an NR–5 (Not Formally Followed) to the FSR and …
A.M. Best Co. has assigned a debt rating of “bbb+” to the recently issued $500 million 5.875 percent senior unsecured notes due 2020 of Axis Specialty Finance LLC. The senior notes are unconditionally and irrevocably guaranteed by Bermuda-based Axis Capital …
Las Vegas-based Premier Physicians Insurance Co. risk retention group announced it has earned a Financial Stability Rating (FSR) of “A Exceptional” from Demotech Inc., a financial analysis firm located in Columbus, Ohio. The FSR is Premier Physicians’ first rating. According …
Bermuda-based AXIS Capital Holdings Limited announced that its indirect, wholly-owned subsidiary, AXIS Specialty Finance LLC, has priced an offering of $500 million aggregate principal amount of its 5.875 percent Senior Notes due 2020, fully and unconditionally guaranteed by AXIS Capital, …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of American Physicians Group and its primary member, American Physicians Assurance Corporation, the lead subsidiary of American Physicians Capital Inc. …
