Latest AM Best Headlines

All the headlines from our AM Best Topic Page, ordered by recency.

Ratings Recap: CIBC Re, ACS (NZ) Ltd, CCR (Algeria)

Jul 19 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Barbados-based CIBC Reinsurance Company Limited (CIBC Re), both with stable outlooks....

Ratings Recap: Kuwait Re, Ageas, Al Fajer Re, Generali (Notes)

Jul 6 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Kuwait Reinsurance Company K.S.C. (Closed), but...

A.M. Best on Court Ruling: No Effect on Most Health Insurers But Watching Small Insurers

Jun 28 2012 // Insurance rating organization A.M. Best Co. says the U.S. Supreme Court upholding the Patient Protection and Affordable Care Act (PPACA) will not have a ratings impact to the majority of health insurers.However, A.M. Best...

Ratings Roundup: MAPFRE PRAICO, Tunis Re

Jun 28 2012 // A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of MAPFRE PRAICO Insurance Company, its wholly owned subsidiary, MAPFRE...

Ratings Recap: Iron Horse, Imperial Fire, Plymouth Rock, Bunker Hill

Jun 25 2012 // A.M. Best Co has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. The ratings...

Ratings Recap: Auto Owners, Stonebridge, Tokio Marine (U.S.), Courtesy, Young America, Old Glory

Jun 21 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of Auto-Owners Insurance Company and its four wholly owned...

Ratings Recap: Validus Re, African Re, Arab Orient, Bosna Re, SOGAZ

Jun 21 2012 // A.M. Best Co. has removed from under review with developing implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Bermuda-based Validus Re...

Ratings Recap: Church Mutual, Ocean Harbor, HSBC (Del.), Golden RRG, Southern Pioneer, Affirmative

Jun 20 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and downgraded the issuer credit ratings (ICR) to “a” from “a+” of Wisconsin-based Church Mutual...

Ratings Recap: Arab Misr, L’Union Canadienne, Gulf Insurance, Island Heritage, Eastern Re

Jun 19 2012 // A.M. Best Europe – Rating Services Limited has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of ‘B++’ (Good) of...

Business Moves – South Central

Jun 18 2012 // Southport Lane, Lonestar Holdco, Dallas NationalSouthport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance Co., a Texas based property and...

Ratings Recap: DTRIC, Kansas Bankers, ProAssurance, American Federated

Jun 15 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Honolulu-based DTRIC Insurance Company Limited and its reinsured...

Ratings Recap: Farmers Mutual (NZ), Lloyd’s Syndicate 1084, Pacific Indemnity, Caribbean Alliance

Jun 14 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of the New Zealand-based Farmers’ Mutual Group (FMG) and FMG Insurance Limited...

Ratings Recap: Dubai Insurance, Legal & General, London General

Jun 6 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of the United Arab Emirates’ Dubai Insurance Company...

Florida Cat Fund’s Financial Condition Triggers A.M. Best Review of Insurer Ratings

Jun 4 2012 // Insurers writing homeowners coverage in Florida could see a revision in their financial ratings after one of the nation’s top rating companies announced it will reconsider them in light of the financial problems...

Southport Lane to Acquire Dallas National Insurance Co.

May 31 2012 // Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance Co., a Texas based property and casualty insurer.Dallas National, a subsidiary of...

A.M. Best Revises Outlook of First Chicago Insurance Co.

May 28 2012 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of C+ (Marginal) and issuer credit rating of “b-” of First Chicago Insurance Co. (First Chicago) in...

Ratings Roundup: Top Layer Re, Ardellis, BEST RE

May 22 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Bermuda-based Top Layer Reinsurance Ltd., both with stable outlooks. Best...

A.M. Best Downgrades Ratings of Gramercy Insurance Co.

May 21 2012 // A.M. Best Co. announced it has downgraded the financial strength rating to C++ (Marginal) from B (Fair) and issuer credit rating to “b” from “bb” of Gramercy Insurance Co. (GIC) in Dallas, Texas....

Best Opens Office in Dubai International Financial Center

May 21 2012 // A.M. Best Co. announced the formal opening of its new office in the Dubai International Finance Centre (DIFC) in Dubai, UAE. The office is located in Tower 2, Currency House, DIFC, and “will operate as A.M. Best...

Ratings Recap: Badger, So. Carolina Farm, Louisiana Farm, Colorado Farm

May 15 2012 // A.M. Best Co. has downgraded the financial strength rating to ‘A-‘ (Excellent) from ‘A’ (Excellent) and issuer credit rating to “a-” from “a” of Milwaukee-based Badger Mutual...