AM Best

IGI’s financial strength ratings upgraded to A

AM Best has upgraded the financial strength of the Bermuda and London subsidiaries of International General Insurance Holdings (IGI) to A from A-.

AM Best affirms Asia Capital Re’s 'A-'; assigns negative outlook

AM Best has noted Asia Capital Re’s conservative capital management approach, strong balance sheet and operating performance as leading to its decision to affirm the ‘A-’ ratings of the Singapore-based reinsurer and its operating subsidiaries.

US P&C downgrades outpacing upgrades for first time in five years: AM Best

Recent catastrophes led to more AM Best US property casualty credit rating downgrades than upgrades in the first half of 2019 – the first time in five years this has happened.

H1 US P&C loss and LAE increases outpaced earned premium growth

An AM Best analysis has revealed the US property casualty industry’s net underwriting income fell 9.6 percent in the first half, with improved investment income offsetting most of the decline.

Greenlight Re garners interest for live transaction

Greenlight Re is drawing approaches from potential buyers thought to include Topsail Re and Sirius that are interested in pursuing a live transaction that would keep the hedge fund reinsurer from going into run-off, The Insurer can reveal.

Lloyd’s gets AM Best ratings affirmation

AM Best has highlighted “robust remedial actions” to improve technical performance as well as efforts to cut the cost of doing business as it affirmed the ratings of Lloyd’s.

AM Best put HIIG on negative outlook despite “very strong” balance sheet

Despite a balance sheet described by AM Best as “very strong” and a return to GAAP profitability in 2017-18, the rating agency placed its A- (excellent) financial strength rating on HIIG’s operating companies to a negative outlook late last week.

Mosher to replace Mayewski as AM Best Ratings Services CEO

Larry Mayewski is to retire as chairman, president and CEO of AM Best Rating Services and will be succeeded by Matthew Mosher, who is currently executive vice president and chief operating officer.