Rating Agencies
Assurant Gets A.M. Best Financial Strength Ratings Affirmation
Assurant can celebrate the fact that A.M. Best affirmed its financial strength ratings, but that news also came with a few words of caution. The ratings agency said that there were a few check marks ...
AXA’s $15.3B Deal to Buy XL Group Leads to S&P CreditWatch Negative Status
Standard & Poor's placed France's AXA on CreditWatch with negative implications over its planned $15.3 billion purchase of XL Group Ltd. The ratings agency said it is worried about what the ...
AXIS’ A.M. Best Outlooks Revised to Negative; Struggling Insurance Arm Blamed
AXIS Capital Holdings' money-losing insurance segment has drawn the attention of A.M. Best, which revised its outlooks for the Bermuda-based carrier to negative from stable, based largely on its ...
Allied World Is Back in A.M. Best’s Good Graces
Allied World Assurance Company Ltd. is back in A.M. Best's good graces. The insurer and its divisions have been removed from their status as "under review with negative implications." Also, A.M. Best ...
2018 Prediction: U.S. P/C Industry Will Take Time to Recover From 2017 Catastrophes
Property/casualty insurers in the U.S. will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to "significant underwriting profits," Fitch ...
AmTrust’s Financial Plans Earn A.M. Best Ratings Review With Negative Implications
AmTrust Financial Group's recent efforts to raise capital and stabilize its finances apparently aren't enough for A.M. Best, which placed the company's credit and financial strength ratings under ...
Commercial Insurance Reserve Charge, Hurricanes Drive $1.7B Loss for AIG’s Third Quarter
Highlighting the development as a "noteworthy item" in an earnings announcement Thursday night, American International Group reported prior-year loss reserve strengthening of $836 million before ...
Q3 Catastrophe Fallout: XL Group’s Fitch Ratings Outlook Turns Negative
XL Group got smacked with a negative ratings outlook from Fitch Ratings, thanks to pre-tax natural catastrophe losses in Q3 that hit $1.48 billion. Fitch said it revised the ratings outlook to ...