All the headlines from our AM Best Topic Page, ordered by recency.
Dec 16 2002 // A.M. Best Co. announced that it has lowered the financial strength rating to A- (Excellent) from A (Excellent) of The Steamship Mutual Underwriting Association (Bermuda) Limited, and changed its outlook from negative to...
Dec 16 2002 // A.M. Best Co. downgraded the financial strength ratings of Dallas-based Unitrin Property and Casualty Insurance Group (Unitrin) to “A” (Excellent) from “A+” (Superior) and removed them from under...
Dec 16 2002 // A.M. Best Co. downgraded the financial strength ratings of Dallas-based Unitrin Property and Casualty Insurance Group (Unitrin) to “A” (Excellent) from “A+” (Superior) and removed them from under...
Dec 13 2002 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) with a positive outlook, to reinsurer Aspen Insurance Limited, a subsidiary of Aspen Insurance Holdings (AIH), a Bermuda-registered holding...
Dec 13 2002 // The Professional Independent Insurance Agents of Illinois (PIIAI) has put together a synopsis, based on A.M. Best’s analysis of state by state reports for commercial lines, personal lines, personal auto, and...
Dec 12 2002 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Hong Kong- based Hang Seng Insurance Company Limited with a “stable” outlook.“The current rating reflects the company’s...
Dec 9 2002 // A.M. Best Co. has affirmed the ‘A++’ (Superior) financial strength ratings of Munich Re and its core subsidiaries with a negative outlook. Best, however downgraded Munich Re’s 1.115 billion Euro ($1.126...
Dec 9 2002 // A.M. Best Co. has assigned an initial Financial Strength Rating of A- (Excellent) to the California Earthquake Authority.The rating reflects the unique role the CEA serves in ensuring that insurance coverage for losses...
Dec 6 2002 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of Swiss Reinsurance Company (Swiss Re) and its core subsidiaries with a negative outlook.At the same time, however, the rating agency announced...
Dec 5 2002 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of SAFECO Corporation’s (Seattle) property/casualty and life/health insurance subsidiaries.A.M. Best has also affirmed the “bbb+”...
Dec 5 2002 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Hannover Ruckversicherung AG (Hannover Re) and its parent company Haftpflichtverband der Deutschen Industrie V.a.G. (HDI) as well as HDI...
Nov 28 2002 // A.M. Best Co. announced that it has placed the financial strength ratings of the insurance subsidiaries of Ontario-based Kingsway Financial Services Inc., and the senior unsecured debt rating of “bbb” on its...
Nov 28 2002 // A.M. Best Co. has lowered the senior debt ratings of The Chubb Corporation, Chubb Capital Corporation and Chubb Executive Risk Inc. to “aa-” from “aa”.The debt issued by Chubb Capital and Chubb...
Nov 25 2002 // A.M. Best Co. downgraded the financial strength ratings of Dallas-based Unitrin Property and Casualty Insurance Group (Unitrin) to “A” (Excellent) from “A+” (Superior) and removed them from under...
Nov 25 2002 // W. R. Berkley Corporation has closed its previously announced public offering of 4,715,000 shares of common stock.The number of shares sold includes 615,000 shares sold pursuant to the exercise of the underwriters’...
Nov 25 2002 // A.M. Best announced that it has lowered the financial strength rating of French reinsurer SCOR and its subsidiaries from A (Excellent) to A- (Excellent), and will keep all of the group’s ratings under review with...
Nov 22 2002 // A.M. Best Co. announced that it has affirmed various financial strength ratings on the wholly-owned insurance subsidiaries of CNA Financial Corporation, and the “bbb” debt rating on the parent’s existing...
Nov 21 2002 // A.M. Best Co. announced that it has downgraded the financial strength ratings of Acceptance Insurance Companies Inc.’s two operating subsidiaries, American Growers Insurance Company of Lincoln, Nebraska, to...
Nov 19 2002 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Bermuda-based Max Re Ltd., a wholly owned subsidiary of Max Re Capital, with a stable outlook.Best’s report noted that...
Nov 11 2002 // The property/casualty industry is expected to ultimately incur more than $121 billion in net asbestos and environmental losses, according to the special report, “Largest Increase in A&E Losses to Date Seen in...