Reinsurance News

American Family

Moody’s downgrades American Family’s IFS with stable outlook

30th May 2024

Moody's Ratings (Moody's) has downgraded the insurance financial strength (IFS) rating of American Family Mutual Insurance Company from A1 to A2, assigning a stable outlook for the company and its subsidiaries. Additionally, Moody’s downgraded the senior unsecured notes rating of AmFam Holdings, a subsidiary of American Family Insurance Mutual Holding Company, ... Read the full article

TRUE receives ‘A’ rating from Demotech

22nd March 2024

Demotech, Inc., a rating agency and financial analysis firm, recently bestowed a Financial Stability Rating of 'A', Exceptional, to Trusted Resource Underwriters Exchange (TRUE), a reciprocal insurer established by American Family. The rating was prompted by a new partnership between private investment firm Gallatin Point Capital and insurer American Family ... Read the full article

Energy Raven emerges as an independent entity from American Family Insurance

4th March 2024

Energy Raven has officially launched from American Family Insurance, where it was originally incubated. According to Energy Raven it was initially conceived as an internal corporate innovation project, it has now emerged as a nationally scaled company, supported by American Family Insurance. Dan Reed, Managing Director and President of American Family Ventures, ... Read the full article

Fixle emerges as an independent entity from American Family Insurance

21st February 2024

Fixle, Inc. has officially launched from American Family Insurance, where it was originally incubated. According to Fixle, the firm is transforming home ownership and management with its "cutting-edge" approach to home maintenance, repairs, and management. "The Fixle platform simplifies the homeowner and service provider experience, offering instant access to essential information about ... Read the full article

Gallatin Point and American Family partner on reciprocal insurer TRUE

3rd January 2024

Private investment firm Gallatin Point Capital and insurer, American Family Insurance Group, have successfully closed a new partnership whereby funds managed by Gallatin Point will acquire a majority stake in the attorney-in-fact for Trusted Resource Underwriters Exchange (TRUE). TRUE is a reciprocal insurer established by American Family in 2020 to serve ... Read the full article

AM Best revises outlooks to negative for American Family & affiliates

5th October 2022

AM Best has revised the outlooks to negative from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of American Family Mutual Insurance Company and its affiliates. The negative outlooks for American Family reflect the significant earnings ... Read the full article