Browsing: AM Best

AM Best has confirmed the ratings for ProAssurance Group members and ProAssurance Corporation following the announcement of the acquisition by The Doctors Company Insurance Group.

AM Best has maintained the financial strength and credit ratings of The Doctors Company Insurance Group (TDC Group) after the announcement of its planned acquisition of ProAssurance Corporation (PRA).

PVI Insurance Corporation maintains its position as a leading non-life insurer in Vietnam, according to AM Best.

The US property and casualty (P/C) insurance industry saw a significant turnaround in 2024, achieving its first underwriting profit since 2020, according to a recent AM Best report. This positive shift was largely fueled by improvements in the personal lines segment.

AM Best has stated that the financial strength and credit ratings of Protective Life Corporation’s main life insurance subsidiaries are unaffected by the recently announced reinsurance agreement with Resolution Life Group Holdings Ltd.

AM Best has affirmed a stable outlook for Fidelity Life Assurance (New Zealand), citing its robust financial position and consistent operating performance. The company’s risk-adjusted capitalization remains at the highest level.

A settled lawsuit between AM Best and two life insurance companies has sparked debate about the integrity and independence of financial ratings in the industry.

A new report from AM Best indicates improved financial health for the US property/casualty insurance sector, with rating upgrades increasing while downgrades decreased in 2024.

AM Best has affirmed the Financial Strength Rating (FSR) and Long-Term Issuer Credit Ratings (Long-Term ICR) of Berkshire Hathaway Homestate Insurance Company and its affiliates.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) for ReliaStar Life Insurance Company of New York and ReliaStar Life Insurance Company.