All the headlines from our AM Best Topic Page, ordered by recency.
Aug 21 2002 // A.M. Best announced that it has affirmed its A+ (Superior) financial strength ratings for Hannover Ruckversicherungs AG and other entities of the German-based reinsurer, but maintains a “negative...
Aug 20 2002 // A.M. Best Co. has affirmed the group financial strength rating of A++ (Superior) of National Indemnity Group (NIG).The rating reflects the group’s extraordinary capitalization and balance sheet liquidity, superior...
Aug 19 2002 // A.M. Best Co. has downgraded the financial strength rating to C++ (Marginal) from B (Fair) of the property/casualty subsidiaries of Optimum General Inc. The subsidiaries include: Optimum Farm Insurance, Optimum Insurance...
Aug 15 2002 // A.M. Best Co. has assigned an “a-” rating to Bermuda-based XL Capital Ltd.’s pending issue of 8,000,000 of 8.0 percent Series A preference ordinary shares, which may be increased by 1,200,000 if the over...
Aug 13 2002 // A.M. Best Co. has placed the financial strength ratings of the insurance subsidiaries operating within Combined Specialty Group, Inc. (CSG) under review with negative implications. The rating action follows Aon...
Aug 8 2002 // A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Allianz AG Consolidated, Germany.At the same time, A.M. Best has downgraded Allianz’s debt ratings to “aa+” from...
Aug 1 2002 // A.M. Best Co. has placed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (Bloomington, Ill.),...
Aug 1 2002 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the insurance subsidiaries of OneBeacon Insurance Group, Boston.A.M. Best also affirmed the indicative shelf registration ratings for Fund...
Jul 30 2002 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Wawanesa Mutual Insurance Company, (Winnipeg, Canada).The rating also applies to Wawanesa General Insurance Company of San Diego, its U.S....
Jul 19 2002 // A.M. Best Co. has assigned an initial financial strength rating of B+ (Very Good) to Bahrain-based Trust International Insurance Company E.C. (TIIC), a medium sized reinsurer.The rating reflects the company’s...
Jul 19 2002 // A.M. Best Company has affirmed an A+ (Superior) rating of Houston-based HCC Insurance Holdings, Inc. group of companies, consisting of Houston Casualty Company, U.S. Specialty Insurance Company and Avemco Insurance...
Jul 18 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” (Excellent) of UIA (Insurance) Limited, United Kingdom.The company’s excellent level of surplus and its niche position in the U.K. household...
Jul 18 2002 // The A.M. Best Company has again assigned a rating of “A” (Excellent) to the Cooperative of American Physicians, Inc.-Mutual Protection Trust (CAP-MPT), a provider of medical professional liability protection...
Jul 17 2002 // A.M. Best Co. has affirmed the A (Excellent) financial strength rating of U.S.- based Mapfre Reinsurance Corporation (MRC), Florham Park, N.J. The outlook is stable.The affirmation reflects A.M. Best’s continued view...
Jul 15 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of the insurance operating subsidiaries of the Alea group.The affirmation is based upon the excellent level of consolidated risk-based capital and...
Jul 15 2002 // New Jersey-based A.M. Best Co. has published its new Country Risk Methodology.A.M. Best uses country risk analysis to determine how the factors outside an insurer’s control affect its ability to meet its obligations...
Jul 12 2002 // The reaction to Munich Re’s announcement that it would strengthen reserves at American Re and for the WTC attacks by a total of $2.5 billion (See IJ Website July 11) had a decidedly unsettling effect. Standard &...
Jul 8 2002 // A.M. Best raised Dallas-based American Contractors Insurance Group’s (ACIG) financial strength rating from “A-” to “A.” The rating was based on the financial condition and performance of all...
Jul 2 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of the Kemper Insurance Companies, Long Grove, Ill., with a stable outlook. The group’s rating has been removed from under review with...
Jun 27 2002 // Louisiana Retailers Mutual Insurance Company has earned a “B++” rating from A.M. Best Company. The rating reflects the company’s solid capitalization, historically sound operating performance,...