Ratings News

A.M. Best Upgrades Farm Bureau County Mutual Insurance Co. of Texas

A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” for Farm Bureau County Mutual Insurance Company of Texas (County Mutual). These ratings have been removed from …

Best Assigns Ratings to National Contractors Insurance Company

A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” to National Contractors Insurance Company, Inc., RRG (NCIC), which is headquartered in Bigfork, Montana. The outlook for both ratings is stable. Best …

Ratings Recap: Transsib Re, AmerInst

A.M. Best Co. has affirmed the financial strength rating of ‘B-‘ (Fair) and the issuer credit rating of “bb-” of Russia’s OJSC Transsiberian Reinsurance Corporation (Transsib Re), both with positive outlooks. The ratings reflect Transsib Re’s “good business position, weak …

Best Revises Samsung Fire Outlook to Positive; Affirms ‘A+’ Ratings

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of South Korea’s Samsung Fire & Marine Insurance Co., Ltd. The …

Ratings Recap: SecuriCan, Pioneer, Sovereign, Meritz, Island Capital

A.M. Best Co. has assigned a financial strength rating (FSR) of ‘B+’ (Good) and issuer credit rating (ICR) of “bbb-” to Winnipeg, Manitoba-based SecuriCan General Insurance Company, both with stable outlooks. Best said the ratings “are reflective of its good …

Best Affirms Allstate New Jersey ‘A-‘ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Allstate New Jersey Insurance Group and its members. The outlook for all ratings is stable. Allstate New Jersey’s ultimate …

Best Affirms USAA’s ‘A++’ Ratings

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A++’ (Superior) and ICRs of “aaa” of United Services Automobile Association (USAA) of San Antonio, Texas and its property/casualty and life/health subsidiaries. Best also affirmed the debt rating of …

Ratings: Catholic Knights, Direct General, Progressive Motor, Prime, Pathfinder, National Contractors, Seven Seas

A.M. Best Co. has downgraded the financial strength rating to ‘B’ (Fair) from ‘B+’ (Good) and issuer credit rating to “bb+” from “bbb-” of Catholic Knights of Milwaukee, Wisc. And has placed the ratings under review with negative implications. “These …

S&P Revises Outlook on Credit Insurer Coface to Negative

Standard & Poor’s Ratings Services said today that it has revised its outlook on the core operating entities of French credit insurance group Coface to negative from stable. The core entities are: — France-based Coface S.A., — Germany-based Coface Kreditversicherung …

Ratings Recap: Cattolica, Ghana Re, Al Ittihad, Grafton, RCHL

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa Cooperativa. Both ratings gave negative outlooks. Best said the ratings reflect its “expectation …