
A global credit rating agency, news publisher, and data analytics provider specializing strictly in the insurance industry. Its financial strength ratings (FSR) serve as the benchmark standard for evaluating the creditworthiness and stability of risk carriers globally.
AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of Upland Mutual Insurance, Inc. based in Junction City, Kansas. The outlook of these …
A $2.2 billion underwriting loss in 2025 certainly isn’t anything to celebrate, but when it comes to U.S. commercial auto insurers, there may be a reason to crack a smile. According to a new report from AM Best, the loss …
AM Best has assigned Ascot Insurance Guernsey Limited (Guernsey), a wholly reinsured subsidiary of Ascot Bermuda Limited (Ascot Bermuda) (Bermuda), a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent), with a stable outlook for these ratings. At the same time, AM Best affirmed Ascot Bermuda’s […] The post AM Best assigns credit rating to Ascot Insurance Guernsey appeared first on ReinsuranceNe.ws.
New commentary from AM Best has suggested the reinsurance impact of the recent civil unrest in France will likely be small because higher retentions on property catastrophe excess-of-loss treaties and stricter terms and conditions may make it harder for direct insurers to aggregate losses to reach the reinsurance threshold. Media accounts indicate that the current […] The post Reinsurance impact of civil unrest in France likely to be small: AM Best appeared first on ReinsuranceNe.ws.