All the headlines from our AM Best Topic Page, ordered by recency.
Dec 20 2001 // A.M. Best has assigned an initial financial strength rating of A+ (Superior) to Bermuda-based Allied World Assurance Company Ltd. (AWAC), the insurer formed in November by American International Group, Chubb Insurance...
Dec 19 2001 // Standard & Poor’s and A.M. Best have both given high ratings to new debt issues from Germany’s Allianz Group.S&P assigned its ‘A-1’-plus short-term debt rating to Allianz Finance...
Dec 18 2001 // A.M. Best announced that it has affirmed Lloyd’s “A- (Excellent) rating and has removed the “under review” status of its rating, which it applied shortly after the September 11 attacks.Best...
Dec 17 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...
Dec 17 2001 // AXIS Specialty Ltd., the Bermuda-based insurer created by broker Marsh & McLennan Cos. Inc., announced it received an “A-” (Excellent) rating from A.M. Best. AXIS Specialty CEO and president John Charman...
Dec 13 2001 // Following up its previous announcement (See IJ Website Dec. 5) Standard & Poor’s reaffirmed its mostly single-‘A’-minus ratings on the ACE Group of companies, while A.M. Best affirmed its A+...
Dec 7 2001 // A.M. Best assigned an initial financial strength rating of “A- (Excellent)” to Arch Reinsurance Limited, the company established in Bermuda by Arch Capital Group and several private investment funds, and a...
Dec 6 2001 // A.M. Best assigned an initial financial strength rating of “A- (Excellent)” to AXIS Specialty Ltd., the newly formed Bermuda-based insurance company backed by MarshMac’s MMC investment unit, Trident II,...
Dec 3 2001 // A.M. Best Co. has assigned an “A” (Excellent) financial strength rating to Da Vinci Reinsurance Ltd., Bermuda, a strategic joint venture formed by Renaissance Reinsurance Ltd. and State Farm Mutual Insurance...
Nov 21 2001 // Following Seattle-based SAFECO’s announced loss reserve strengthening and subsequent discussions with management, A.M. Best Co. has affirmed the financial strength rating of A (Excellent) for the property/casualty...
Nov 20 2001 // A.M. Best announced that it has downgraded the financial strength rating of the Highlands Insurance Group of Lawrenceville New Jersey from ‘B’ (Fair) to ‘C’ (Weak), reflecting its “weak...
Nov 16 2001 // A.M. Best has released country risk reports covering the economic and risk factors for the markets in Korea and Mexico, focusing on the insurance sectors in both countries.The report notes that Korea has been especially...
Nov 12 2001 // A.M. Best Co. expects the property/casualty industry to incur upwards of $121 billion in net asbestos and environmental losses, according to the company’s special report, “Final Data Support A.M. Best’s...
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Oct 25 2001 // In response to SAFECO’s recently announced loss reserve strengthening, A.M. Best Co. continues to maintain a negative outlook on the property/casualty operations’ financial strength rating of...
Oct 8 2001 // The long-term implications of the September 11 terrorist attacks for the insurance industry “will likely be far greater than the ultimate sum of the paid losses,” said Larry Mayewski, A.M. Best Co.’s...
Oct 4 2001 // A.M. Best Co. has placed the financial strength rating of “A-” for Shelter Reinsurance Co., Columbia, Mo., under review with negative implications. This rating action is based on several factors that have...
Oct 3 2001 // A.M. Best’s ratings agency has placed the A- (Excellent) financial strength rating of New Jersey-based MIIX Group under review with negative implications following the company’s announcement that Richard...
Oct 2 2001 // Since the morning of Sept. 11, A.M. Best Co. has been gathering public and private information in order to assess the financial impact as well as the nuances of insurance coverage associated with the tragic attacks.To...
Sep 25 2001 // A.M. Best announced a series of rating decisions affecting companies in the U.S., Europe and Canada. On a positive note it affirmed the A+ (Superior) rating of the Swiss Group Winterthur and the A-(Excellent ) ratings for...