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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 maintains status for credit ratings of Weston Insurance
24th January 2020
AM Best has maintained the ‘under review with negative implications’ status for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Weston Insurance Company. AM Best says these ratings reflect Weston’s balance sheet strength, which it categorises as adequate, as well as its marginal ... Read the full article
P&C re/insurers seeking alternatives to higher cost debt: AM Best
20th January 2020
US property and casualty (P&C) re/insurance companies are increasingly using low interest rates to extend their debt maturity profiles and replace higher cost debt with lower cost alternatives, according to AM Best. In a recent report, the rating agency observed that P&C re/insurers with outstanding public debt have begun to focus ... Read the full article
Qatar Insurance, Qatar Re outlooks revised to negative by AM Best
30th December 2019
Ratings agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of Qatar Insurance Company and its subsidiary Qatar Reinsurance. AM Best says the changes reflect QIC’s balance sheet strength, which it categorises ... Read the full article
European captives’ underwriting results supported by portfolio knowledge, says A.M. Best
10th December 2019
The balance sheet strength of European captives currently rated by A.M. Best is very strong, and, the broad understanding and detailed knowledge of the portfolios they cover is driving robust underwriting performance. In a recent report, “European Captives 2019 – Building Block Rating Considerations”, global financial services ratings agency, A.M. Best ... Read the full article
AM Best maintains stable outlook on reinsurance in 2020
6th December 2019
Rating agency AM Best has maintained its stable market outlook on the global reinsurance industry for 2020, citing a stabilised pricing environment, alignment with third party capital, and support from life segment results. Analysts felt that reinsurers in the non-life segment were also gaining more favourable momentum in the face of ... Read the full article
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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