Rating Agencies
A.M. Best: ORSA Won’t Affect Its Ratings Process
A.M. Best said that the new Own Risk and Solvency Assessment (ORSA) requirements taking effect for insurers in the U.S. this year won't affect its ratings process much at all. "Most carrier filing an ...
A.M. Best Affirms AIG P/C Subs Despite Reserve Deficiency
Although A.M. Best says property/casualty insurance loss reserves at American International Group remain deficient, the rating agency affirmed the "A" financial strength rating of AIG's U.S. and ...
Fairfax Financial to Benefit From its Acquisition of Brit plc: Moody’s
The proposed acquisition of Brit plc by Fairfax Financial Holdings is "credit positive" for Fairfax, according to Moody's, which noted that the deal will significantly boost Fairfax's underwriting ...
S&P Optimistic About Platinum as RenRe’s $1.9B Acquisition Nears
Platinum Underwritings Holdings is the beneficiary of a continued positive ratings outlook from Standard & Poor's with a possible future two-notch upgrade after it combines with RenaissanceRe. ...
Reinsurance M&A Will Advance in Earnest: A.M. Best
It is early in 2015 and we've already seen a few major reinsurance M&A deals. Expect that trend to continue in earnest through the year as the market responds to some new realities, A.M. Best ...
Fitch Puts Watch on Brit plc
Fitch Ratings has placed some of Brit plc's ratings on Rating Watch Negative following an announcement that Fairfax Financial Holdings intends to acquire Brit for roughly $1.9 billion. The ratings ...
Low Interest Rates Threaten Insurer Success in Europe: A.M. Best
Insurers and reinsurers alike could see some adverse affects from financial and social instability in the European Union, A.M. Best said in a new report. Points of concern range from quantitative ...
OneBeacon’s Adverse Reserve Developments Draw Fitch and Moody’s Attention
OneBeacon Insurance Group has been dealt a ratings outlook warning from Fitch Ratings and an outright downgrade from Moody's Investors Service, stemming from substantial adverse reserve development ...