All the headlines from our AM Best Topic Page, ordered by recency.
Nov 5 2003 // A.M. Best Co. has downgraded the financial strength ratings of PMA Insurance Group (Blue Bell, Pa.) and PMA Capital Insurance Company (Philadelphia) to B++ (Very Good) from A- (Excellent). Concurrently, A.M. Best has...
Oct 31 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating of Hannover Rueckversicherung AG (Hannover Re) and its core subsidiaries to A (excellent) from A+ (superior). It also downgraded the financial...
Oct 29 2003 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Aspen Specialty Insurance Company, the recently formed U.S. insurer that is part of the Aspen Group, which includes the ultimate parent...
Oct 22 2003 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Goshawk Reinsurance Limited (Goshawk Re), Bermuda, and removed the rating from under review.This follows detailed discussions with the Goshawk...
Oct 21 2003 // A.M. Best Company has affirmed the A+ (Superior) rating of American Re-Insurance Company and its affiliates, American Alternative Insurance Corporation (AAIC) and Princeton Excess & Surplus Lines Insurance Company....
Oct 14 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of France’s Mutuelle Centrale de Reassurance (MCR), but has maintained its “negative” outlook.“The rating...
Oct 14 2003 // A.M. Best Co. announced that it has assigned an initial financial strength rating of B+ (Very Good) to New Zealand-based Tasman Pacific Insurance Limited, and called the outlook “stable.”“The rating...
Oct 13 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A (Excellent) of the U.K.-based St. Paul International Insurance Company Limited, with a stable outlook.“The rating reflects the...
Oct 10 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A+ (Superior) of French mutual insurer Groupama and its subsidiaries, but has revised its outlook to “negative” from...
Oct 8 2003 // A.M. Best Co. has initiated country risk coverage for Jamaica and assigned it a country risk ranking of Tier III.The result of A.M. Best’s country risk evaluation allows each country to be classified into one of five...
Oct 7 2003 // A.M. Best Co. has downgraded the financial strength rating of The Atlantic Mutual Companies (The Atlantic) (New York) to B++ (Very Good) from A- (Excellent).Concurrently, A.M. Best has downgraded the debt rating of...
Sep 29 2003 // A.M. Best Co. has downgraded the financial strength ratings to B+ (Very Good) from A- (Excellent) of the Royal & SunAlliance USA Insurance Pool (North Carolina) and the Royal Surplus Lines Insurance Company...
Sep 24 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of the U.K.’s Sunderland Marine Mutual Insurance Company Limited (SMMI), with a stable outlook.“The rating reflects...
Sep 17 2003 // Fremont Employers Insurance Company (FEIC) has received an “A- (Excellent)” rating from A.M. Best Company. FEIC is a wholly owned subsidiary of Employers Insurance Company of Nevada, A Mutual Company...
Sep 16 2003 // The property/casualty industry reported robust premium growth and considerably improved underwriting results during the first six months of 2003 over the comparable period of 2002. Driving these results reportedly are the...
Sep 5 2003 // Due to the significant number of ratings announcements released recently, the IJ offers the following summary of actions taken by the rating agencies indicated. More complete information can be obtained directly from the...
Aug 29 2003 // Two days after Standard & Poor’s lowered its ratings on Munich Re (See IJ Website August 28), and previous article), A.M. Best Co. announced that it has downgraded the group’s financial strength ratings to...
Aug 22 2003 // Five online insurance-related projects have been selected as finalists for the E-Fusion Award, A.M. Best Company’s annual competition designed to recognize outstanding, resourceful uses of Internet technology by an...
Aug 8 2003 // A $308 million after-tax charge taken by Chicago-based carrier CAN Financial Corp.’s primary insurance subsidiaries have led to a downgrade by Fitch Ratings, while A.M. Best says its ratings had already taken into...
Aug 7 2003 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Sompo Japan Insurance Inc., Japan. The outlook is negative.The rating reflects Sompo Japan’s deteriorated risk-adjusted capitalization,...