The ratings have been withdrawn at the request of the company, which no longer wants to participate in AM Best’s interactive rating process
AM Best has revised the outlooks for Mercury General Corporation and its subsidiaries to ‘negative’ from ‘stable’, citing uncertainty over wildfire-related losses and future reinsurance costs
AM Best has assigned a financial strength rating of ‘A’ (Excellent) and a long-term issuer credit rating of ‘a’ (Excellent) to Torreyana Insurance Company, a Vermont-based captive insurer for Vertex Pharmaceuticals
RAM Ratings has awarded its highest ‘aaa’ Labuan Entity Credit Assessment (LECA) rating to TNB Global Captive, based in the Labuan International Business and Financial Centre
The ratings demonstrate EIS’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance
AM Best has revised the outlook to ‘positive’ from ‘stable’ for the long-term issuer credit rating for Florida Lawyers Mutual Insurance Company
The ongoing wildfires in the Los Angeles area are expected to generate insured losses surpassing historical highs but are unlikely to affect the ratings of property and casualty (P&C) (re)insurers
