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AM Best Revises Issuer Credit Rating Outlook To Negative For Agraria Insurance Company And Its Affiliate – InsuranceNewsNet

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of A and the Long-Term ICR ofโ€œ a+โ€ of Agraria Insurance Company and Farmers Union Mutual Insurance Company The outlook of the FSR is stable. Significant losses from this catastrophic storm activity included tornadoes, wind...
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AM Best Assigns Credit Ratings To Riverfront Insurance, LLC – InsuranceNewsNet

AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Ratingโ€œ a-โ€ to Riverfront Insurance, LLC. The outlook assigned to these Credit Ratings is stable. Riverfront was domiciled in Delaware in 2020 and writes, on a direct-claims-made basis, error and omission and director and officer coverage only for its parent.
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AM Best Downgrades Credit Ratings Of Tower Hill Prime Insurance Company – InsuranceNewsNet

AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating toโ€œ bbb-โ€ fromโ€œ bbbโ€ of Tower Hill Prime Insurance Company. Furthermore, Tower Hill Prime, as is typical of Florida property writers and their risk exposure, has elevated gross underwriting leverage reflective of its reinsurance programs. In response to recent...
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