ratings downgrade News
High Cat Losses Helped Spike U.S. P/C Rating Downgrades in 2018: A.M. Best
U.S. property/casualty rating downgrades more than doubled in 2018 compared to the previous year, a result stemming from factors including catastrophic weather losses and challenging pricing ...
A.M. Best Slaps Canal Insurance With Ratings Downgrade
Canal Insurance Co., a family-owned insurer focused on commercial trucking and specialty transportation, is dealing with a big ratings downgrade from A.M. Best. A.M. Best knocked down the A- ...
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 ...
Struggling Greenlight Capital Re Hit With A.M. Best Ratings Downgrades
Greenlight Reinsurance Ltd. has been seeking to improve underwriting results after months of losses. But it apparently hasn't moved fast enough for A.M. Best, which slapped it with credit ratings ...
ACP Re Pulls Out of A.M. Best Ratings Process After Downgrade
ACP Re's late filing of financial statements earlier in 2016 has left the Bermuda reinsurance and its multiple property/casualty subsidiaries in rough straits with A.M. Best. The ratings agency ...
PartnerRe’s $6.9B Sale to EXOR Closes; Fitch Responds with Ratings Downgrade
PartnerRe's new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with a ratings downgrade that reflects some pessimism over the ...
New Jersey Manufacturers Knocked Off of Top A.M. Best Ranking
New Jersey Manufacturers Insurance Company's stellar financial strength rating has been downgraded a notch by A.M. Best, based on concerns about its underwriting and operating performance. The ...