Rating Agencies
A.M. Best’s 2016 Forecast for Global Reinsurers: Negative
As A.M. Best sees it, the global reinsurance sector will continue to have a negative outlook heading into 2016. The reason, according to its latest briefing: major market challenges "that will hinder ...
Zurich Ratings Steady Despite Management Changes, Crop Deal
Standard & Poor's Rating Services and A.M. Best separately confirmed their existing ratings of Zurich Insurance Group in recent days, although S&P noted a downward revision in some of the ...
Concord Group Insurance Pool Elicits A.M. Best Ratings Downgrade
Members of the Concord Group Insurance Pool are facing ratings downgrades from A.M. Best. The main reason: an "inconsistent" operating performance. What that means is that pool members Concord ...
Industry On Track for Third Straight Underwriting Profit; 2016 a Closer Call
The property/casualty insurance industry will report an underwriting profit for the third consecutive year in 2015—a streak unmatched since the early 1970s, according to analysts at Fitch Ratings, ...
Berkshire Unit Preps to Selling Workers Comp, BOP Policies on the Web
Berkshire Hathaway Inc. won the top financial-strength rating from A.M. Best Co. for a unit that plans to sell insurance directly to businesses over the Internet, paving the way for Chairman Warren ...
A.M. Best Acts on BTG Pactual Resseguradora S.A. Ratings
A.M. Best has downgraded the issuer credit rating to "bbb" from "bbb+" and affirmed the financial strength rating of B++ (Good) of BTG Pactual Resseguradora S.A. (BTG Pactual Re) (Brazil). Both ...
Cyber Attacks Becoming Significant Threat to Insurer Credit Quality: A.M. Best
Insurance rating agency A.M. Best still considers natural catastrophe losses to be the primary threat to the financial strength and credit quality of property/casualty insurers, but cyber-attack ...
Climate Change Will Spur Future Sovereign Ratings Downgrades: S&P
Thailand's credit rating downgraded by two levels. Dominican Republic lowered one grade. These are not real news headlines yet, but could be, according to scenarios outlined by Standard & Poor's. ...