AM Best Company

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has downgraded the financial strength rating (FSR) to A- (Excellent) from A (Excellent) and assigned issuer credit ratings (ICR) of "a-" to Argus Group Holdings Limited's (AGH) (BSE: AGH.BH) subsidiaries, Argus Insurance Company Limited (AICL), Somers Isle Insurance Company Limited (SIIC) and Bermuda Life Insurance Company Limited (BLIC). The outlook for the FSR has been revised to negative from stable, while the outlook for the ICRs is negative. Concurrently A.M. Best has assigned an ICR of "bbb-" to AGH with a negative outlook. All companies are ...

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" of BF&M Life Insurance Company Limited (BF&M Life) and BF&M General Insurance Company Limited (BF&M General) (both of Hamilton, Bermuda). A.M. Best also has withdrawn the FSR of A (Excellent) and adjusted the ICR to "bbb" from "a" of the group's holding company, BF&M Limited (Hamilton, Bermuda). The outlook for all ratings is stable. A.M. Best's financial strength rating is defined as an independent ...

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength ratings (FSR) of A- (Excellent) and issuer credit ratings (ICR) of "a-" of the life/health and property/casualty operating subsidiaries of Colonial Group International Ltd (Colonial Group) (Bermuda). The outlook for all ratings is stable. Colonial Group is a wholly owned intermediate holding company of Edmund Gibbons Limited, the ultimate parent company based in Bermuda. (See below for a detailed listing of the companies and ratings.) A.M. Best also has withdrawn the FSR and ICR of Colonial Group. The ...

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) and issuer credit ratings of "a" of the life/health members of RBC Insurance Group (RBC Insurance): RBC Life Insurance Company (RBC Life) (Mississauga, Ontario) and the U.S. life insurance entity, Liberty Life Insurance Company (Liberty Life) (Greenville, SC). The outlook for all ratings is stable. RBC Life's ratings reflect its strong risk-adjusted capitalization, generally increasing premium trends, as well as the overall strength and stability of RBC Insurance. RBC Life is the Canadian life insurance ...

OLDWICK, N.J.--(BUSINESS WIRE)-- Despite the downturn in the economy, the multibillion dollar global insurance brokerage business held steady, for the most part, in terms of brokerage revenues in 2008. Best's Review's annual Top Global Insurance Broker ranking reports Aon Corp. as the No. 1 global broker with $6.2 billion in brokerage revenues. No. 2 is Marsh Inc. with $4.5 billion in brokerage revenues. Rounding out the top five are Willis Group Holdings Ltd., Arthur J. Gallagher & Co. and Jardine Lloyd Thompson Group plc. The ...