All the headlines from our AM Best Topic Page, ordered by recency.
Nov 17 2006 // A.M. Best Co. has upgraded the financial strength rating (FSR) of Majestic Insurance Co. of San Francisco to A- from B++, removed the ratings from under review and assigned an issuer credit rating (ICR) of...
Nov 14 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Ariel Reinsurance Company Ltd. Best also assigned an...
Nov 7 2006 // A.M. Best Co. has upgraded the financial strength rating to “A-” (Excellent) from “B++” (Very Good) of the U.K.-based London General Insurance Company Limited (LGI) and Combined Life Assurance...
Nov 7 2006 // A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) and the issuer credit rating of “aa+” of U.K.-based Faraday Reinsurance Co. Limited, a subsidiary of Germany’s...
Nov 6 2006 // New Construction, Remodelers, Owner/Developers Nuts & Bolts: Network E&S Insurance Brokers LLC has a new limited access Builder’s Risk/Contractors Equipment Program for both residential and commercial....
Nov 6 2006 // Privacy and Security Coverage Enhancements Nuts & Bolts: Underwriting manager and claims administrator Euclid Managers LLC have a set of security and privacy coverage enhancements that can be endorsed onto any of the...
Nov 5 2006 // High Value Homeowners ProgramNuts & Bolts: Crawley Warren Insurance Services Inc. announced its new customized High Value Homeowners Program (HVH) for high net worth clients in California. This non-admitted product is...
Nov 5 2006 // New Construction, Remodelers, Owner/DevelopersNuts & Bolts: Network E&S Insurance Brokers LLC has a new limited access Builder’s Risk/Contractors Equipment Program for both residential and commercial....
Nov 5 2006 // Non-Profit Organization D&O LiabilityNuts & Bolts: Arrowhead General Insurance Agency Inc. is offering a not-for-profit directors and officers program designed to insure small to medium IRS tax-exempt 501(c)3 and...
Nov 2 2006 // Merchants Group, Inc. in Buffalo, N.Y., which sells property casualty insurance through Merchants Insurance Co. of New Hampshire, has agreed to be bought by American European Group, Inc, a private insurance holding...
Oct 25 2006 // Aon Re Global, the Chicago-based reinsurance broker, notes that it “recently facilitated communications between rating agency A.M. Best and Lloyd’s that resulted in a clarification of Best’s treatment of...
Oct 23 2006 // Terrorism InsuranceNuts & Bolts: Hiscox USA, U.S. subsidiary of Hiscox plc, a provider of specialty insurance, is now providing terrorism insurance in the U.S. The coverage will be offered to brokers through Hiscox...
Oct 23 2006 // Terrorism InsuranceNuts & Bolts: Hiscox USA is now providing terrorism insurance in the U.S., from the U.S. The coverage is being offered to brokers through Hiscox USA’s Armonk, New York headquarters. Hiscox...
Oct 23 2006 // Corporate Identity TheftNuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa., a member of American International Group Inc., released AIG Corporate Identity Protection, a new insurance policy...
Oct 23 2006 // National Lloyds, American Summit to be acquired by ARCA.M. Best expects ratings to remain stable Affordable Residential Com-munities Inc. (ARC) of Englewood, Colo., announced it would buy Waco, Texas-based NLASCO Inc., a...
Oct 23 2006 // Umbrella ReinsuranceNuts & Bolts: John B. Collins Associates Inc. has a national umbrella facility that provides up to $5 million in commercial and personal umbrella limits exclusively for Collins clients. It serves...
Oct 20 2006 // A.M. Best Co. has placed the financial strength rating (FSR) of “A” (Excellent) and issuer credit rating (ICR) of “a” of the Bermuda-based Catlin Insurance Company Limited (CICL) under review with...
Oct 18 2006 // Swiss-based reinsurer Converium AG has reached agreement with National Indemnity, a Berkshire Hathaway company, to sell its North American operations for $295 million comprised of $95 million in cash and $200 million in...
Oct 12 2006 // Commenting on the proposed acquisition of Waco, Texas-based National Lloyds Insurance Company and American Summit Insurance Company by Affordable Residential Communities Inc. of Englewood, Colo., A.M. Best Co. said it...
Oct 9 2006 // Privacy and Security Coverage Enhancements Nuts & Bolts: Euclid Managers LLC developed a set of security and privacy coverage enhancements that can be endorsed onto any of the Euclid Managers’ Internet and tech...