Rating Agencies
AmTrust Delays Annual Report Again to Enable Completion of Internal Audit
AmTrust Financial Services disclosed it will once again need extra time before filing its annual report, due to an ongoing internal audit that requires a longer timeframe. A.M. Best is being patient ...
AmTrust Gets A.M. Best Outlook Dropped to Negative Over Annual Report Delay
AmTrust Financial Services's disclosure of a filing delay for its annual report due to an internal audit drew a quick, negative reaction from A.M. Best. The ratings agency revised its outlook to ...
Despite AIG’s Poor Q4, Standard & Poor’s and Fitch Remain Patient
Despite American International Group's poor 2016 fourth quarter earnings performance, Fitch Ratings and Standard & Poor's both have affirmed the insurer's ratings, with a few qualifiers slipped ...
Demotech Suspends Fla. Insurer Rating Criteria; Downgrades Coming
Recent Florida Supreme Court decisions and ongoing abuse in Florida's insurance market have led a ratings company to change the criteria it uses when rating insurers in the state. The announcement ...
Amica A.M. Best Financial Strength Downgrade Ends Perfect Rating
Amica Mutual Insurance Company no longer has a perfect financial strength rating from A.M. Best. More catastrophe losses and worsening automobile insurance claims severity are both to blame. ...
S&P Downgrades Certain AIG Ratings; Stable Outlook Maintained
American International Group's anticipated reserve charge has attracted the attention of Standard & Poor's, which has downgraded certain ratings in light of the disclosure. S&P said it ...
How New Rating Agency Formulas Could Impact Reinsurance and the ILS Market
U.S. hurricane is the peril most likely to cause the largest insured catastrophe losses and therefore financial impairment for insurance companies that are not adequately prepared. To date, rating ...
A.M. Best, Fitch Place AIG Under Review Over Anticipated Reserve Charge
American International Group won't be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a "material adverse reserve adjustment" from the insurer for its U.S. commercial business ...