AM Best Downgrades Credit Ratings of State Farm Mutual Automobile Insurance Company and Affiliates, Takes Various Credit Rating Actions on Subsidiaries
: AM Best has downgraded the Financial Strength Rating (FSR) to A+ (Superior) from A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from “aa+” (Superior) of State Farm Mutual Automobile ...
Date: November 14, 2025
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AM Best Assigns Issue Credit Rating to Intact Financial Corporation’s Preferred Stock
: AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the recently announced CAD 150 million, 5.5% non-cumulative preferred stock issued by Intact Financial Corporation (Intact) (Toronto, Ontario, Canada). T...
Date: November 14, 2025
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AM Best Assigns Performance Assessment to Alta Risk, LLC, Amwins Accident & Health Underwriters, LLC and Unicorn Underwriting Limited; Affirms Performance Assessment of Remaining Amwins Group’s Affiliates
: AM Best has assigned a Performance Assessment of PA-1 (Exceptional) to Alta Risk, LLC. (Alta), Amwins Accident & Health Underwriters (Amwins A&H), and Unicorn Underwriting Limited (Unicorn) (United Kingdom). The outlook assig...
Date: November 13, 2025
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Best’s Market Segment Report: Amid Influx of Formations, Reciprocal Insurance Exchanges Represent Unique and Collaborative Structure
: A hardening of traditional insurance markets and market dislocations have led to the rise in newly established reciprocal insurance exchanges, particularly in catastrophe-exposed homeowners’ insurance markets, according to a ...
Date: November 10, 2025
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AM Best Affirms Credit Ratings of Wilton Re Ltd. and Its Subsidiaries
: AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the key life/health insurance and annuity operating subsidiaries of Wilt...
Date: November 7, 2025
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AM Best Affirms Credit Ratings of Industrial Alliance Pacific General Insurance and Dealers Assurance Company
: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of Industrial Alliance Pacific General Insurance Corporation (IAPG) (headqua...
Date: November 7, 2025
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AM Best Assigns Indicative Issue Credit Ratings to Fairfax Financial Holdings Limited
: AM Best has assigned indicative Long-Term Issue Credit Ratings of “a-” (Excellent) to senior unsecured issues, “bbb+” (Good) to subordinated issues, and “bbb” (Good) to preferred stock to the recently filed shelf registration...
Date: November 6, 2025
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AM Best Comments on Credit Ratings of Starr International Company, Inc.’s Insurance Subsidiaries
: AM Best has commented that the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the insurance subsidiaries of Starr International Company, Inc. (S...
Date: October 30, 2025
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AM Best Places Credit Ratings of IQUW Re Bermuda Limited Under Review With Positive Implications
: AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of IQUW Re Bermuda Limited (IQUW Re) (Bermuda). IQUW Re is ...
Date: October 30, 2025
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Best’s Market Segment Report: Steady Growth Brings Steady Results for Canada’s Life/Annuity Insurers
: Canada’s life/annuity insurance industry recorded favorable performance in 2024, bolstered by record high new annualized premium growth, with assets under management and fee-based income business also helping to increase reve...
Date: October 29, 2025
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Best’s Market Segment Report: Credit Fundamentals in Canada’s Property/Casualty Sector Remained Stable in 2024, Despite Record Catastrophe Year
: Canada’s property/casualty (P/C) insurers utilized robust capital buffers, disciplined pricing approaches and effective risk management strategies to offset the impact of the country’s costliest catastrophe year on record, ac...
Date: October 27, 2025
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Best’s Market Segment Report: Global Trade Uncertainty Clouds Canadian Economic Outlook
: Economic activity in Canada is expected to slow as a result of headwinds from global trade tensions, generating uncertainty that has discouraged investment planning and impacted hiring decisions, according to a new AM Best re...
Date: October 24, 2025
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AM Best Managing Director Joins “What’s on Dec?” Podcast to Discuss Canada’s Property/Casualty Segment
: AM Best Managing Director Greg Williams appears as the featured guest in the current episode of Canadian Underwriter’s “What’s on Dec?” podcast to provide an outlook for Canada’s property/casualty (P/C) insurance sector.
Du...
Date: October 23, 2025
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Best’s Special Report: Managing Risk is Critical as Private Credit Holdings Increase
: U.S. life/annuity (L/A) insurers increased private credit holdings by 6% in 2024 with the level doubling over the past decade, according to a new AM Best report.
According to the Best's Special Report, gaps created by trad...
Date: October 20, 2025
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AM Best to Discuss Canada Insurance Market Analysis, Record Catastrophe Year and Life/Annuity Premium Growth at Toronto Briefing
: AM Best will host an insurance market briefing on the state of Canada’s insurance industry at the Sheraton Centre Toronto Hotel on Thursday, Oct. 30, 2025.
During the complimentary half-day event, AM Best analysts will deli...
Date: October 14, 2025
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Best’s Market Segment Report: U.S. Government Shutdown May Create Opening for Private Flood Insurers to Fill Void Left by Lack of NFIP Coverage
: The U.S. government shutdown has halted a key federal agency’s ability to renew existing flood insurance policies or even underwrite new coverage through the National Flood Insurance Program (NFIP), potentially affecting mill...
Date: October 13, 2025
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AM Best Upgrades Credit Ratings of Northbridge Financial Corporation’s Members; Affirms Credit Ratings of Wentworth Insurance Company Limited
: AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “aa-” (Superior) from “a+” (Excellent) of the members of Northbridge Fin...
Date: October 3, 2025
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