October 23, 2009
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of MAPFRE Insurance Company of Florida. Best also affirmed the FSR of ‘A-‘ (Excellent) …
October 22, 2009
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reassurance Suisse SA and the ICR of “bbb-” of Bermuda-based Flagstone Reinsurance Holdings Limited (collectively referred to as Flagstone …
October 21, 2009
Standard & Poor’s Rating Services is refining and adapting its methodology for assessing insurance companies’ enterprise risk management (ERM), as set out in a recently published article, “Expanded Definition Of Adequate Classification In Enterprise Risk Management Scores.” S&P said it …
October 21, 2009
Standard & Poor’s Ratings Services has raised its ratings on Sul America S.A. (SASA), including raising the counterparty credit rating to ‘BB-‘ from ‘B+’ and the senior unsecured debt rating to the company’s remaining $130 million, five-year senior notes to …
October 19, 2009
Standard & Poor’s Ratings Services announced that “there’s no impact on the ratings on Bermuda-based insurance and reinsurance holding company AXIS Capital Holdings Ltd. (A-/Stable/—) and related operating subsidiaries (collectively referred to as AXIS) following a recent announcement from AXIS.” …
October 16, 2009
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Markel Insurance Company of Canada, Federated Insurance Company of Canada, Commonwealth Insurance Company, Commonwealth Insurance Company of America (based …
October 15, 2009
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of New Zealand’s AMI Insurance Limited, both with stable outlooks. The ratings are based on an “analysis of the consolidated financial accounts …
October 13, 2009
Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Endurance American Insurance Co. (EAIC), American Merchants Casualty Co. (AMCC), and American Agri-Business Insurance Co. (AABIC). S&P has also affirmed all of its existing …
October 13, 2009
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Singapore Reinsurance Corporation Limited, both with stable outlooks. The ratings reflect Singapore Re’s “superior risk-adjusted capitalization level, increasing presence in …
October 13, 2009
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa-” of Italy’s Assicurazioni Generali S.p.A., both with stable outlooks. Best also affirmed the ratings of debt instruments issued or guaranteed by …