All the headlines from our AM Best Topic Page, ordered by recency.
May 21 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of U.K.-based The Underwriter Insurance Company Limited (TU), and maintained its negative outlook on the...
May 19 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
May 15 2003 // Recent reports of a national, privately financed trust to pay asbestos claimants have raised questions about the insurance industry’s ability to fund its participation in a trust while maintaining individual...
May 2 2003 // A.M. Best Co. has downgraded the financial strength ratings to C++ (Marginal) from B (Fair) of the participants in the Kemper Insurance Companies (Long Grove, Ill.) inter-company pool, eight reinsured affiliates and one...
Apr 30 2003 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Branchville, NJ-based Selective Insurance Group. “The rating applies to the group’s five intercompany pool members led by Selective...
Apr 24 2003 // A.M. Best Co. announced that it has affirmed the A- (Excellent) financial strength ratings of Tryg-Baltica Insurance, International Insurance Company A/S (‘TBI’) and Tryg-Baltica International (UK) Limited...
Apr 18 2003 // Captive domiciles have reportedly been touting 2002 as a banner year for new captive formations, with a record 462 new captive insurance companies being licensed, according to the special report, “Sizing Up the...
Apr 18 2003 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) on the pool members of the Novato, Calif.-based Fireman’s Fund Insurance Companies (FFIC). The ratings are being removed from under review...
Apr 17 2003 // A.M. Best Co. has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of Allianz Insurance Company (AIC) and its direct subsidiary, Allianz Underwriters Insurance Company, both of Burbank, Calif....
Apr 16 2003 // The property/casualty industry continued to report strong growth in net written premiums for both the fourth quarter and full-year 2002 amid robust price increases across all sectors, according to the A.M. Best Co.Earnings...
Apr 14 2003 // A.M. Best Co. has placed the financial strength ratings of A+ (Superior) of Hannover Rueckversicherungs-AG (Hannover Re) and its core subsidiaries under review with negative implications. (See list below.) At the same...
Apr 3 2003 // Both Standard & Poor’s Ratings Services and A.M. Best have reacted to the Trenwick Group Ltd.’s announcement that it was in default on its senior notes as of April 1. (See IJ Website April 2).S&P said...
Apr 2 2003 // A.M. Best Co. has affirmed the under-review status of Cleveland-based THI Holdings Group and revised the implications from negative to positive.The positive implications reflect the financial commitment of Nationwide...
Apr 1 2003 // A.M. Best Co. said it downgraded the financial strength rating to “B” (Fair) from “B+” (Very Good) of the property/casualty affiliates of Birmingham, Ala.-based Vesta Insurance Group. Additionally,...
Mar 31 2003 // A.M. Best Co. has assigned an initial financial strength rating of “B” (Fair) to Merrillville, Ind.-based American Inter-Fidelity Exchange (AIFE). The rating outlook is stable.The rating reflects AIFE’s...
Mar 28 2003 // State National Companies announced that A.M. Best has assigned an ‘A’ (Excellent) rating to its pooled subsidiaries, State National Insurance Company (SNIC) and State National Specialty Insurance Company...
Mar 27 2003 // A.M. Best Co. announced that it has downgraded the financial strength ratings to B- (Fair) from B+ (Very Good) of Commercial Travelers Mutual Insurance Company and its wholly-owned subsidiary, Monitor Life Insurance...
Mar 27 2003 // A.M. Best Co. announced that it has affirmed the A+(Superior) financial strength rating of Italy’s Assicurazioni Generali S.p.A., and assigned a negative outlook. It also announced that it has affirmed...
Mar 24 2003 // The number of insolvencies among property/casualty companies remained high in 2002, with 38 companies placed either under regulatory supervision or into liquidation, according to the special report, “Rising Number of...
Mar 19 2003 // American Contractors Indemnity Company (ACIC) was recently awarded an A- (Excellent) rating by A.M. Best Company, according to Robert Thomas, CEO of the Los Angeles-based surety bond provider. According to Best’s...