All the headlines from our AM Best Topic Page, ordered by recency.
Oct 6 2022 // Amwins is first to receive AM Best’s PA-1 score, reflecting the highest standards for underwriting excellenceCharlotte, NC., October 06, 2022 — Amwins, a global distributor of specialty insurance products and...
Oct 3 2022 // A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market segment report of the U.S. homeowners insurance market, calling it stable due to overall strong risk-adjusted...
Sep 20 2022 // The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of the volatile factors fueling a demand-side need for more specialized coverage approaches, which...
Sep 19 2022 // Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of...
Sep 9 2022 // AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance in 2021, but headwinds such as inflation remain too strong and the rating agency revised its outlook for...
Sep 6 2022 // Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of...
Sep 5 2022 // AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years.The projected 8.4% decline to $435...
Sep 5 2022 // AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of American Reliable...
Aug 22 2022 // AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years.The projected 8.4% decline to $435...
Aug 22 2022 // AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of American Reliable...
Aug 19 2022 // AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance...
Aug 15 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report.The new Best’s...
Aug 11 2022 // AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Claverack Cooperative...
Aug 10 2022 // AM Best has upgraded the ratings of workers’ compensation insurer Synergy Comp Insurance Co. based in Sharon Pennsylvania.The rating organization upgraded the Financial Strength Rating to A (Excellent) from A-...
Aug 3 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and AM Best.A summary of these new hires follows here. BHSI Hires Liberty Specialty’s Ferrari as Head of...
Aug 2 2022 // Just two weeks after the Demotech financial rating firm set off a firestorm of controversy by warning that it could soon downgrade as many as 17 Florida property insurers – then promised to hold off – the firm has now...
Aug 1 2022 // AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Fidelis Insurance Bermuda Ltd., Fidelis...
Jul 29 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report.The new Best’s...
Jul 28 2022 // AM Best removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Golden...
Jul 11 2022 // AM Best said it is maintaining its negative outlook on Mexico’s insurance market segment due to increased levels of inflation and slow GDP growth.AM Best’s analysts project 2% growth for the country’s...