All the headlines from our AM Best Topic Page, ordered by recency.
Jan 30 2017 // The U.S. property/casualty industry will likely post a small underwriting loss for 2016 after three previous years of underwriting profits, A.M. Best said in a new report.A.M. Best’s report appears in line with a...
Jan 30 2017 // Richardson, TX, January 30, 2017- Encore Special Risks, LLC and Spinnaker Insurance Company have launched a new Texas Preferred Homeowners HO-B program, making superior quality coverage available to homeowners in...
Jan 27 2017 // American International Group won’t be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a “material adverse reserve adjustment” from the insurer for its U.S. commercial business drew...
Jan 26 2017 // A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of...
Jan 23 2017 // The bottom of the reinsurance market may be in sight, because brokers are having greater difficulty filling out underpriced programs and further concessions in terms are difficult to obtain, says a report by A.M....
Jan 20 2017 // The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not anticipate taking any rating...
Jan 19 2017 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of the members of the...
Jan 10 2017 // Some observers believe the bottom of the reinsurance market may be in sight because brokers are having greater difficulty filling out underpriced programs and further concessions in terms are difficult to obtain, according...
Jan 9 2017 // The U.S. personal auto insurance industry saw net premiums written grow 5.1 percent in 2015 — a rate of growth that may not be repeated as rising loss ratios weaken both underwriting and operating results, according...
Dec 30 2016 // While Chinese companies have been increasing their overseas merger and acquisition (M&A) activity in recent years, there are signs that growth could slow in the coming year, as a result of uncertain economic outlook...
Dec 28 2016 // A.M. Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating to “bb-” from “bb” of Nevada-domiciled Golden Insurance Company, A Risk...
Dec 27 2016 // The U.S. personal auto insurance industry saw net premiums written grow 5.1 percent in 2015 — a rate of growth that may not be repeated as rising loss ratios weaken both underwriting and operating results, according to...
Dec 21 2016 // New Mexico’s Mountain States Mutual Casualty Co. is merging into Pennsylvania-based Donegal Mutual Insurance Co., the insurers announced.Donegal Mutual will be the surviving company in the merger, and Mountain...
Dec 16 2016 // The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled “Insurers Hunt for...
Dec 14 2016 // The outlook for the reinsurance sector is being held at negative by A.M. Best, which cited continuing market challenges that will hinder the potential for positive rating actions and may eventually bring negative rating...
Dec 5 2016 // Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited.Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to...
Nov 29 2016 // Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They’re now at $100 billion, and that’s $15 billion higher than the previous estimate, according to a new A.M. Best...
Nov 18 2016 // Catastrophe modeling firm AIR Worldwide released its initial estimates of industry insured losses from the earthquake that struck New Zealand’s South Island early this week, putting a range of $762 million to $3.5...
Nov 4 2016 // Greenlight Reinsurance Ltd. has been seeking to improve underwriting results after months of losses. But it apparently hasn’t moved fast enough for A.M. Best, which slapped it with credit ratings downgrades.A.M. Best...
Oct 25 2016 // Stockton, Calif.-based Golden Bear Insurance Co. announced that its A.M. Best issuer credit rating has been upgraded from “A- VI” to “A- VII” (Excellent). “Our rating reaffirms the deep level...