Category: Show on Homepage

In conjunction with an announcement regarding Kemper Insurance Companies, A.M. Best announced today that Eagle Pacific Insurance Company and Pacific Eagle Insurance Company (Eagle Insurance Group) are now being rated separately from Kemper and continue to merit their “B+” (Very Good) financial strength ratings. A.M. Best describes this rating to be in the “Secure” range.… Continue reading A.M Best Continues Eagle Insurance Group’s Secure “B+” (Very Good) Rating

HONG KONG–(BUSINESS WIRE)–March 3, 2003–Standard & Poor’s–Standard & Poor’s Ratings Services said today that it had withdrawn its ‘AA’ insurer financial strength rating on Principal Insurance Co. (Hong Kong) Ltd. at the company’s request. Copyright 2003, Standard & Poor’s Ratings Services

Oldwick, NJ, Business Wire March 3, 2003 A.M. Best Co. has lowered the financial strength rating to B (Fair) from B+ (Very Good) of the participants in the Kemper Insurance Companies (Long Grove, IL) inter-company pool, 10 reinsured affiliates and one domestic affiliate. The rating remains under review with negative implications. Additionally, A.M. Best has… Continue reading Best Lowers Kemper Rating

Oldwick, NJ, Mar. 3 – Business Wire – A.M. Best Co. has downgraded the financial strength ratings to B (Fair) from B+ (Very Good) of ULLICO Inc.’s (Wilmington, DE), life/health subsidiaries, Union Labor Life Insurance Company (Baltimore, MD) and its wholly-owned subsidiary, ULLICO Life Insurance Company (Austin, TX). Also, the financial strength rating has been… Continue reading A.M. Best Downgrades Ratings of Ullico Inc.’s Insurance Operations

At the same time, Standard & Poor’s affirmed the ‘AA+/A-1+’ counterparty credit and ‘AA+’ insurer financial strength ratings on the group. “The outlook revision reflects the weaker than expected 2003 renewals and that expected profits for 2002 will fall short of Standard & Poor’s expectations,” said Standard & Poor’s credit analyst Stephen Searby. “It also… Continue reading S&P Revises Swiss Reinsurance Co. Outlook to Negative

OLDWICK, N.J.–(BUSINESS WIRE)–Feb. 26, 2003–A.M. Best Co. has downgraded the financial strength ratings to B+ (Very Good) from B++ (Very Good) of Annuity and Life Re Holdings’ (NYSE: ANR) (Bermuda) life insurance subsidiaries and the indicative senior debt rating on ANR’s $200 million shelf registration to “b+” from “bbb-“. Additionally, all ratings remain under review… Continue reading A.M. Best Downgrades Ratings of Annuity & Life Re

PALM BEACH GARDENS, Fla.–(BUSINESS WIRE)–Feb. 26, 2003– Manufacturers Life Insurance Company, Allianz Life Insurance Company of North America, Kemper Investors Life Insurance Company, Phoenix Life Insurance Company, and AIG Life Insurance Company were among 71 companies downgraded by Weiss Ratings, Inc., in its recent review of 983 life and health insurers. A total of 22… Continue reading Manufacturers, Allianz, and AIG Downgraded by Weiss Ratings; 71 Life and Health Insurers Downgraded; 22 Upgraded in Recent Review

NEW YORK, Feb 25 – Fitch Ratings, the international rating agency, has downgraded the Insurer Financial Strength ratings of Royal & Sun Alliance Insurance plc (RSAIP) and its U.S. insurance subsidiaries to ‘BBB+’ from ‘A-‘ (Aminus). The agency has also downgraded RSAIP’s Long-term rating to ‘BBB-‘ (BBB minus) from ‘BBB’, and the rating on the… Continue reading Fitch cuts Royal & Sun Alliance’s ratings

OLDWICK, N.J.–(BUSINESS WIRE)–Feb. 19, 2003–A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of MLMIC Group, which is based on the consolidated operating performance and financial condition of Medical Liability Mutual Insurance Company, and its wholly owned subsidiaries, Princeton Insurance Company, OHIC Insurance Company and Professional Liability Insurance… Continue reading A.M. Best Downgrades MLMIC Group, Princeton Insurance Company and OHIC Insurance Company

NEW YORK–(BUSINESS WIRE)–Feb. 18, 2003–Standard & Poor’s Ratings Services said today that it placed its ‘BB+’ counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. Intercompany Pool on CreditWatch with negative implications because Kemper will be significantly challenged to meet Standard & Poor’s expectations in terms of earnings, capital adequacy,… Continue reading S&P Places Kemper ‘BB+’ Ratings on CreditWatch Neg