A.M. Best: National Farmers Union Property and Casualty Ratings Under Review

Article 0 Comments A.M. Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of National Farmers Union Property and Casualty Co. (NFU P&C) in Sun Prairie, Wisconsin. These ratings were placed under review with negative […]

Credit Ratings of Houston International Insurance Group Subsidiaries Under Review

Article 0 Comments A.M. Best has placed under review with developing implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Houston Specialty Insurance Co. (HSIC) and its 100 percent reinsured subsidiary, Oklahoma Specialty Insurance Co. (OSIC), based in Oklahoma […]

A.M. Best Downgrades Ratings of Tokio Millennium Re, Puts RenRe Under Review

Article 0 Comments A.M. Besthas downgraded the financial strength rating to A+ (Superior) from A++ (Superior) and the long-term issuer credit rating to “aa-” from “aa+” of Tokio Millennium Re AG (TMR) (Switzerland). In addition, A.M. Best has placed these credit ratings under review with developing implications. The rating actions […]

A.M. Best Upgrades Ratings of PURE Group

Article 0 Comments A.M. Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” from “a-” for both members of the PURE Group of Insurance Companies (PURE). The members, both domiciled in Fort Lauderdale, Fla., are Privilege Underwriters […]

Insurer Downgrades Jumped in 2017 But Were Still Outnumbered by Upgrades: A.M. Best

Article 0 Comments Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that overall ratings activity in that same period was modestly favorable, with […]

Markel’s New German Insurer Rated ‘A’ by A.M. Best

Article 0 Comments Markel Corp. announced that its newly licensed German insurance company, Markel Insurance SE (MISE), has been given an “A” financial strength rating by A.M. Best. MISE has been established to meet the insurance needs of clients located or with risk exposures in the European Economic Area (EEA) […]

Credit Ratings Assigned to Texas’ Service American Indemnity Co.

Article 0 Comments A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Service American Indemnity Co., headquartered in Austin, Texas. The outlook assigned to the ratings is stable. Concurrently, A.M. Best has affirmed the FSR of […]

Ratings Outlooks Revised to Positive for Michigan’s AmeriTrust Insurance Group

Article 0 Comments Ratings agency A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” for the members of the AmeriTrust Insurance Group (AmeriTrust), which operate under an intercompany reinsurance […]