The History of A.M. Best Company
A.M. Best Company was founded in 1899 by Alfred M. Best, operating out of a single room in New York's financial district. In 1920, the company moved to its own office building on nearby Fulton Street, where it remained for 45 years. By 1965, when larger offices were needed, the company moved to Morristown, NJ.
Rapid growth soon necessitated another move in 1974 -- this time to the company's present global headquarters in Oldwick, NJ. To address the increasing globalization of the insurance industry, A.M. Best expanded into a worldwide operation and established a London office in 1997. A. M. Best Asia-Pacific was established in Hong Kong in 2000; a second Asia-Pacific office was opened in Singapore in 2015. In 2012, A.M. Best established A.M. Best MENA, South & Central Asia in Dubai, and in 2014, A.M. Best América Latina, S.A. de C.V. opened in Mexico City.
For several consecutive years, A.M. Best has received recognition for its leadership in providing objective rating services to the global industry, including Best Rating Agency from Reactions Global Awards and Intelligent Insurer's Global Awards.
A.M. Best also offers insurance company and industry financial data and analysis, news coverage, underwriting and loss control resources, directories of insurance professionals and more to meet the information needs of professionals from all walks of the insurance industry.
In these changing times, one thing remains the same -- A.M. Best's commitment to providing timely, accurate and complete insurance information and services that meet the needs of this dynamic industry.