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AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Texas Mutual Insurance Company. The revision of Texas Mutual’ s outlooks to positive reflects its superior market position in the workers’ compensation segment in Texas, which is demonstrated by an average...
AM Best has removed the under review with developing implications and affirmed the Financial Strength Ratings of A- and the Long-Term Issuer Credit Ratings of“ a-” of American Memorial Life Insurance Company and Assurant Life of Canada. On March 9, 2021, AM Best maintained the under review with developing implications status on the three companies following...
Press release content from Business Wire. The AP news staff was not involved in its creation. AM Best Downgrades Credit Ratings of James River Group Holdings, Ltd. and Subsidiaries May 7, 2021 GMT OLDWICK, N.J.--(BUSINESS WIRE)--May 7, 2021-- AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” from “a” of the rated operating subsidiaries of James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR]. In addition, AM Best has downgraded the Long-Term ICR to “bbb-” from “...
AM Best Assigns Credit Ratings to Accelerant Specialty Insurance Company OLDWICK, N.J.--(Business Wire)-- AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Accelerant Specialty Insurance Company (ASIC) (Little Rock, AR). The company is a wholly owned subsidiary of Accelerant Holdings (Accelerant) (Cayman Islands), the non-operating holding company of the Accelerant group. The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Accelerant’s consolidated balance sheet strength, which AM Best c...