A.M. Best Co. has announced that it has removed from under review and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Folksamerica Reinsurance Company. The New York City company is a member of White Mountains Insurance Group Ltd. The outlook for both ratings is stable. The rating …
In the most recent Top 25 Drugs in Workers’ Compensation annual survey, Hartford Financial Services Group reports that overall pharmaceutical costs for its workers’ compensation clients decreased last year in part due to greater availability of generic substitutes for popular and expensive name-brand drugs. This was the first year since the inception of the annual …
A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) and the issuer credit ratings of “aa+” for the General Re Group of Delaware. These ratings apply to General Reinsurance Corporation and its core property/casualty and life reinsurance and insurance subsidiaries operating both in the United States and internationally. In addition, A.M. Best …
A.M. Best Co. has affirmed the financial strength rating of B- (Fair) and the issuer credit ratings of “bb-“of the Atlantic Mutual Companies and its property/casualty members. The ratings bureau also has affirmed the debt rating of “ccc” of the $100 million 8.15% 30-year surplus notes issued by Atlantic Mutual Insurance Company. The outlook for …
Ratings bureau A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Eastern Re Ltd. SPC. Both ratings have a stable outlook. The rating recognizes Eastern Re’s strategic affiliation with Eastern Alliance Insurance Group, an indirect subsidiary of Eastern Insurance Holdings, Inc., its consistently profitable operating …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and the issuer credit ratings of “aa-” of the Hartford Insurance Pool and its members. Concurrently, A.M. Best has affirmed the ICR of “a-“, the senior debt ratings of “a-” and the indicative debt ratings under the shelf registration for The Hartford Financial …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings of “a-” for Hanover Insurance Group Property and Casualty Companies of Worcester, Massachusetts. Additionally, A.M. Best has affirmed the issuer credit ratings of “bbb-” and the debt ratings of “bbb-” for senior debt and “bb” for capital securities …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of SeaBright Insurance Company, of Seattle. Concurrently, A.M. Best also has affirmed the ICR of “bbb-” of SeaBright’s holding company, SeaBright Insurance Holdings, Inc.. The outlook for all ratings is stable. The ratings bureau says in …