AM Best
Top 100 UK insurers supplement - AM Commentary: An uphill struggle
With earnings down, falling reserves and diminishing returns on investments, the tough times continue for UK non-life insurers.
AM Best maintains stable outlook for UK non-life industry
AM Best is maintaining a stable outlook for the UK non-life industry, despite diminishing reserve redundancies and the uncertain economic climate.
Surplus lines industry continues to suffer
The surplus lines industry suffered an unprecedented fourth year of declining premiums in 2010, a new report has found.
AM Best calls for UK insurer price hikes
UK Insurers need to put up prices and cannot release reserves for much longer because of the weak economy ruining investment returns, AM Best has warned.
Lloyd’s pips AIG in surplus lines
The surplus lines industry suffered an unprecedented fourth year of declining premiums in 2010 and Lloyd’s knocked AIG off the top spot, according to AM Best.
AM Best affirms FM Global's European and UK arm ratings
AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of FM Global Group and its members, which includes the lead company, Factory Mutual Insurance Company (Factory Mutual).
Tapiola has rating affirmed by AM Best
Tapiola General Mutual, Finland’s largest mutual insurer, has had its financial strength rating of A (Excellent) and its issuer credit rating of “A” affirmed by ratings agency, AM Best. The outlook for both ratings is stable.
AM Best affirms XL ratings
AM Best has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of the holding company, XL Group plc (XL) (Ireland) led by XL Insurance (Bermuda) Ltd (Hamilton, Bermuda).
AM Best affirms Milli Re ratings
AM Best Europe has affirmed the financial strength rating of Milli Reasurans Turk Anonim Sirketi (Milli Re) (Turkey) at B++ (Good) and the issuer credit rating of “bbb”. The outlook for both ratings is stable.
AM Best withdraws ratings of B&B Insurance
Ratings agency AM Best Europe has downgraded the financial strength rating of B&B Insurance Co (Belarus) to C- (Weak) from C (Weak) and issuer credit rating (ICR) to “cc” from “ccc+”.
AM Best receives European credit approval
AM Best Europe has received formal notice of registration as an approved European credit rating agency under the Credit Rating Regulatory Regime of the European Union.
Exposure to sovereign debt could led to more downgrades
A worsening of the economic or investment landscape could result in an increase in negative outlooks or downgrades for insurers and reinsurers operating in Europe a report has found.
Allianz and subsidiaries A+ rating affirmed
Allianz Societas Europea and a number of its subsidiaries have had their financial strength rating of A+ and issuer credit rating of AA confirmed by AM Best, despite the company’s high exposure to peripheral Eurozone sovereign credit risk.
Markel International A+ rating affirmed
Markel International Insurance Company and its syndicate 3000 have had their financial strength rating of A (Excellent) and issuer credit rating of a+ affirmed.
AM Best A-rates Omega at Lloyd’s
AM Best has confirmed its A rating from Lloyd’s insurer Omega but warned the rating is under review with negative implications.
Reinsurance market reassured by AM Best there is hope
AM Best said there are hopeful signs emerging for the global reinsurance industry after years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation activity.
AM Best offers hope for reinsurance
AM Best says hopeful signs are emerging for the global reinsurance industry after years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation activity.
Generali Deutschland expected to grow above market average
Generali Deutschland Holding AG and its main subsidiaries have received financial strength rating of A+ (Superior) and issuer credit ratings of “aa-”.
Spanish funeral insurer Ocaso receives A+ rating
Spanish insurer Ocaso, S.A. Seguros y Reaseguros has had its financial strength rating affirmed as A+ (Superior) and the issuer credit rating of “aa-” by ratings agent AM Best. The outlook for both ratings is stable.
Hurricane season leaves companies facing rating pressures
Insurance companies could be left facing rating pressures as the potential for continued hurricane-related activity increases throughout the peak season, according to experts at A.M. Best Co.
Hurricane season leaves companies facing rating pressures
Insurance companies could be left facing rating pressures as the potential for continued hurricane-related activity increases throughout the peak season, according to experts at A.M. Best Co.
AM Best affirms Caisse Centrale de Réassurance ratings
AM Best has affirmed the financial strength rating of A++ (Superior) and issuer credit rating of “aa+” of Caisse Centrale de Réassurance (CCR) (France).
US insurers lost $27bn on H1 catastrophes
AM Best estimates US insurers’ pre-tax catastrophe-related losses in the first half of 2011, were $27bn, up $15.1bn, or 127%, from $11.9bn reported during the same period a year ago.
AM Best removes rating of Lemma from under review
AM Best Europe has removed the rating of Lemma Insurance Company from under review with negative implications and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-”.