All the headlines from our AM Best Topic Page, ordered by recency.
Feb 11 2002 // A.M. Best Co. affirmed the financial strength rating (FSR) of “A” on PMA Capital Insurance Group, Philadelphia, and removed it from under review. The rating was placed under review Sept. 27, 2001, due to...
Feb 8 2002 // The failure of energy-trading giant Enron Corp. has hit the portfolios of several insurers with investment exposures as of Sept. 30, 2001, totaling more than $3 billion, according to an A.M. Best statistical study.In...
Jan 29 2002 // A.M. Best has affirmed the financial strength rating of A (Excellent) for Harleysville Insurance, Harleysville, Pennsylvania and the “a-” debt rating for Harleysville Group Inc.’s existing senior notes....
Jan 28 2002 // A.M. Best Co. affirmed the financial strength rating of “A+” (Superior) for Capitol Transamerica Group, Madison, Wis., following Alleghany Corp.’s acquisition of the company.The rating reflects Capitol...
Jan 24 2002 // A.M. Best announced that it has downgraded the financial strength ratings to A (Excellent) from A++ (Superior) for Allianz Insurance Company of Canada and its affiliated company, Trafalgar Insurance Company of Canada,...
Jan 23 2002 // A.M. Best has assigned an initial financial strength rating of A- (Excellent) to Endurance Specialty Insurance Ltd. the Bermuda-based insurance company recently formed by Aon and Zurich Financial Services following the...
Jan 23 2002 // According to Business Wire, A.M. Best Co. is making available Best’s State Rate Filings — Express Delivery, a new downloadable Portable Document Format (PDF) version of the print edition of Best’s State...
Jan 17 2002 // A.M. Best announced that it has downgraded the financial strength rating to A (Excellent) from A+ (Superior) of the U.K.’s Royal & Sun Alliance Insurance Group (RSA), and continues to have a “negative...
Jan 16 2002 // In three separate, but related, actions A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of QBE Reinsurance Europe, QBE International Insurance Ltd. and another subsidiary, Iron Trades Ins. Co. Ltd....
Jan 16 2002 // According to A.M. Best Co., the unprecedented events of Sept. 11 have forever changed the way the insurance industry defines risk as both property and liability lines have been exposed to catastrophic risks that cannot be...
Jan 15 2002 // A.M. Best announced that it has downgraded the financial strength rating of France’s SCOR to A (Excellent) from A+ (Superior) and has removed the rating from under review. The new rating also applies to all of...
Jan 14 2002 // A.M. Best Co. affirmed the “A-” rating of the Lloyd’s market and has removed the “under review” status of the rating, which was applied in the aftermath of the terrorist attacks in the U.S. on...
Jan 14 2002 // A.M. Best Co. affirmed the “A+” FSR of The St. Paul Companies’ property/casualty subsidiaries and lowered the company’s long-term debt ratings. Senior debt has been lowered from “a+” to...
Jan 14 2002 // A.M. Best Co. affirmed the “A-” rating of the Lloyd’s market and has removed the “under review” status of the rating, which was applied in the aftermath of the terrorist attacks in the U.S. on...
Jan 14 2002 // A.M. Best Co. affirmed the “A+” FSR of The St. Paul Companies’ property/casualty subsidiaries and lowered the company’s long-term debt ratings.Senior debt has been lowered from “a+” to...
Jan 11 2002 // A.M. Best announced that it has affirmed the A++ (Superior) financial strength rating of Cornhill Insurance PLC, London, the principal U.K. subsidiary of Germany’s Allianz AG.Best’s statement noted...
Jan 4 2002 // A.M. Best Co. assigned an initial financial strength rating of A- (Excellent) to Goshawk Reinsurance Limited (Goshawk Re), the recently established Bermuda-based subsidiary of the U.K.’s Goshawk Insurance Holdings...
Dec 31 2001 // A.M. Best Co. assigned an A- (Excellent) initial financial strength rating to World-Wide Reassurance Company Ltd. (WWR), U.K., which is being acquired by an offshore subsidiary of Scottish Annuity and Life. ” The...
Dec 28 2001 // A.M. Best Co. has assigned an indicative financial strength rating of A- (Excellent) to Danish Re Bermuda Ltd., “a global reinsurer which underwrites at Lloyd’s as an Integrated Lloyd’s Vehicle and...
Dec 24 2001 // A.M. Best Co. downgraded the financial strength rating of TIG Insurance Group, Irving, Texas, from “A-” (Excellent) to “B++” (Very Good), affirmed the “A-” (Excellent) rating of Crum and...