Reinsurance News
AM Best
Insurance and reinsurance industry news that mentions rating agency AM Best. AM Best is a key rating agency for insurers and reinsurers, with its insurance and reinsurance ratings and analysis closely watched by market participants.
AM Best highlights performance of Bermuda, Cayman & Barbados captives
2nd December 2019
AM Best analysts have found captive insurance companies in Bermuda, Cayman Islands and Barbados to be outperforming the segment’s counterparts in the commercial casualty sector. In addition, a new milestone was reached in 2018 when net premiums earned surpassed $3.5 billion for the first time. A new AM Best market report explains ... Read the full article
Fortitude Re sale incrementally positive for AIG, AM Best says
28th November 2019
Global insurer AIG’s Long-Term Issuer Credit Rating of “bbb”, as well as the Financial Strength Ratings and the Long-Term ICRs of its operating subsidiaries, remain unchanged by AM Best following the decision to offload Fortitude Re in a transaction the ratings agency describes as incrementally positive for the group. AIG ... Read the full article
Oceanview life reinsurance start-up receives stable A- rating
14th November 2019
Oceanview Re, a recently established life reinsurer based in Bermuda, and its affiliate, Oceanview Life and Annuity Company, have received an A- (Excellent) Financial Strength Rating and an ‘a-‘ Long-Term Issuer Credit Rating from AM Best. The rating agency assigned a stable outlook to these ratings, noting the strong balance sheet ... Read the full article
Argo’s “diminished credibility” prompts AM Best ratings review
8th November 2019
Ratings agency AM Best has placed specialty re/insurer Argo under review with negative implications due to “diminished credibility” among shareholders. In particular, AM Best questions the decision to keep an SEC inquiry confidential while undergoing an extensive internal investigation on compensation governance matters. Another concern for AM Best are the pending ... Read the full article
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