Articles from AM Best

AM Best has withdrawn the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa” (Superior) of XL Insurance Company of New York, Inc. (XL Insurance NY) (New York, NY). At the time of the withdrawal, the outlook of these Credit Ratings (ratings) is stable. XL Insurance NY is no longer actively writing business. As a result, XL Insurance NY has requested to no longer participate in AM Best’s interactive rating process and AM Best is withdrawing the rating.

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of BTG Pactual Resseguradora S.A. (BTG Re) (São Paulo, Brazil) and BTG Pactual Seguros S.A. (BTG Seguros) (São Paulo, Brazil). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has assigned the Brazil National Scale Rating (NSR) of “aaa.BR” (Exceptional) to BTG Re and BTG Seguros. The outlook assigned to the NSR is stable.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of the operating subsidiaries of Essent Group Ltd., which are Essent Guaranty, Inc. (domiciled in Radnor, PA) and Essent Reinsurance Ltd. (Hamilton, Bermuda) (collectively referred to as Essent). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of GIG Insurance - Egypt S.A.E. (GIG-Egypt) (Egypt). The outlook of these Credit Ratings (ratings) is stable.

AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to A- (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “aa-” (Superior) of Guarantee Company of North America USA (GCNA US) (Southfield, MI). The outlook assigned to these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The West of England Ship Owners Mutual Insurance Association (West or the Club) (Luxembourg). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Gulf Insurance Group – Jordan (GIG Jordan) (Jordan). The outlook of these Credit Ratings (ratings) is stable.

AM Best and Best’s Insurance Professional Resources have released the latest installment of the Best's Insurance Law Podcast series, which examines timely insurance issues from a legal perspective.

AM Best will lead a session, sponsor and exhibit at the inaugural Thailand Reinsurance Conference, which is taking place 30 October to 1 November 2025 in Bangkok.

AM Best’s video, Our Mission, has been named a Diamond winner in the Best Corporate Communications Award category of the 2025 Pinnacle Marketing & Communication Awards. View the winning video here.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of the European Mutual Association for Nuclear Insurance (Emani) (Belgium). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of European Liability Insurance for the Nuclear Industry (ELINI) (Belgium). The outlook of these Credit Ratings (ratings) is stable.

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.

Following more than a year of (re)insurers reporting under the new standard, and with the benefit provided by a full annual cycle of rating analysis, AM Best recently published a FAQ to provide clarification on its analytical approach for IFRS 17 reporters.

AM Best and Best’s Insurance Professional Resources will host a complimentary webinar titled “Trends in Insurance Panel Counsel” on Wednesday, November 12, 2025, at 2:00 pm ET. Register today.

After generating nearly $33 billion in underwriting gains in the most recent four-year period, the Managed Medicaid segment posted a $3 billion underwriting loss in 2024 due to rising utilization and declining enrollment. According to a new AM Best report, a return to profitability for this segment may take longer than expected given increased acuity and medical cost trends.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Jamestown Insurance Company Limited (Jamestown) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process.

AM Best will host a complimentary webinar, titled, “Confronting Legal System Abuse: Risks, Impacts and the Insurance Industry Response,” sponsored by Munich Re US, on Tuesday, Nov. 4, 2025, at 2:00 p.m. (EST). Register today.

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 millions of homeowners as the Atlantic hurricane season enters its final weeks, according to the new AM Best report.

The economic environment across sub-Saharan Africa (SSA) has been challenging in recent years, though analysis in a new special report from AM Best shows that the region's reinsurers have been resilient amid these complexities.

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Fidelity Life Association, A Legal Reserve Life Insurance Company (Fidelity Life) (Des Plaines, IL). Fidelity Life is a wholly owned subsidiary of Vericity, Inc. (Vericity), which is ultimately owned by iA Financial Corporation Inc. (iA).

The October issue of Best’s Review examines the impact of autonomous cars, the growing role of insurtechs and the threat of “data poisoning”:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Ecclesiastical Insurance Office plc (EIO) (United Kingdom). At the same time, AM Best has affirmed the Long-Term Issue Credit Rating of “bbb” (Good) on GBP 106,450,000, 8.625%, non-cumulative irredeemable preference shares issued by EIO. The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Performance Assessment of PA-2 (Excellent) of Excess Reinsurance Underwriters Inc. (Excess Re) (Woodbury, NJ). The outlook of the Performance Assessment (assessment) is stable.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of the operating subsidiaries of MGIC Investment Corporation [NYSE: MTG]. The operating subsidiaries are Mortgage Guaranty Insurance Corporation, MGIC Indemnity Corporation, and MGIC Assurance Corporation (collectively referred to as MGIC). All companies are domiciled in Milwaukee, WI. The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Ascot Bermuda Limited (Ascot Bermuda) (Bermuda), as well as certain members of Ascot Group Limited (Ascot), collectively referred to as Ascot Insurance U.S. Group (Ascot U.S.). Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating of “bbb+” (Good) on the USD 400 million, 4.25% fixed rate senior unsecured notes due 2030 and the USD 350 million, 6.349% fixed rate reset senior unsecured notes due 2035, issued by Ascot. The outlook of these Credit Ratings (ratings) is stable. (Please see below for a detailed list of companies and ratings.)

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Zenith Insurance Company and ZNAT Insurance Company. The outlook of these Credit Ratings (ratings) is stable. These companies comprise Zenith National Insurance Group (Zenith) and are domiciled in Woodland Hills, CA.

AM Best is of the view that Brazil’s sweeping reforms in its insurance regulatory framework represents an institutional shift for the country’s insurance market, moving toward greater professionalism, consumer protection and international alignment.

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of the following subsidiaries of Group 1001 Insurance Holdings, LLC: Delaware Life Insurance Company and Clear Spring Life and Annuity Company (Wilmington, DE). These companies are referred to as the Group 1001 Life & Annuity Group. In addition, AM Best has revised the outlooks to positive from stable for the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Gainbridge Life Insurance Company (Gainbridge Life) (Wilmington, DE).

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Bahrain Kuwait Insurance Company B.S.C. (GIG Bahrain) and its subsidiary, Takaful International Company BSC (GIG Bahrain Takaful), both of which are domiciled in Bahrain. The outlook of these Credit Ratings (ratings) is stable.

AM Best has removed from under review with negative implications status and affirmed the Financial Strength Rating (FSR) of B++ (Good) and Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of The Hand-in-Hand Mutual Fire Insurance Company Limited (HIHF) (Guyana). The outlook assigned to the Long-Term ICR is negative, while the outlook assigned to the FSR is stable.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Gulf Insurance Group K.S.C.P. (GIG) and Gulf Insurance and Reinsurance Company K.S.C. (Closed) (GIG-Kuwait) (both domiciled in Kuwait). The outlook of these Credit Ratings (ratings) is stable.

AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating of A+ (Superior) of AXA S.A. (AXA) (France) and its rated subsidiaries. AXA is the main operating holding company of the AXA group and operates as the group’s internal reinsurer. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of the companies.)

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Zavarovalnica Triglav d.d. (Triglav), the operating holding company of the Triglav group and Pozavarovalnica Triglav Re, d.d. (Triglav Re), a wholly owned subsidiary of Triglav. Both companies are domiciled in Slovenia. The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-” (Excellent) and the National Scale Rating of aaa.IN (Exceptional) of General Insurance Corporation of India (GIC Re) (India). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Pozavarovalnica Sava d.d. (Sava Re) (Slovenia), the operating holding company of the Sava Insurance Group. The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of Core Specialty Insurance Holdings, Inc. (Core Specialty). In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Standard Life and Accident Insurance Company (SLAICO) (League City, TX), an affiliate of Core Specialty. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)

AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Philippines National Scale Rating of aa+.PH (Superior) of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The outlook of these Credit Ratings (ratings) is stable.

AM Best has maintained its outlook on Indonesia’s non-life insurance segment at stable, citing resilient growth prospects, ongoing regulatory refinements and robust investment returns.

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Al Dhafra Insurance Company P.S.C. (ADIC) (United Arab Emirates) [UAE]. The outlook of these Credit Ratings (ratings) is stable.

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Research Insurance Company Limited (RICL) (Bermuda). RICL is a captive insurance company wholly owned by Battelle Memorial Institute (BMI), an Ohio-based nonprofit corporation and provider of technology-based research, management, commercialization and educational services to government and industry.

AM Best will host its annual Europe Insurance Market and Methodology Briefings on Thursday, 6 November 2025, from 8:30 a.m. to 4:30 p.m. (GMT) at Convene 200 Aldersgate, St. Paul’s in London. Jérôme Jean Haegeli, Swiss Re’s group chief economist and head of Swiss Re Institute, will deliver the keynote presentation, titled, “Economic and Geopolitical Outlook.”

AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating to “aa-” (Superior) from “a+” (Excellent) of MS First Capital Insurance Limited (MSFC) (Singapore). In addition, AM Best has revised the outlooks to stable from positive.

The U.S. workers’ compensation line of coverage remains a key driver of the profitability of the property/casualty insurance, although economic uncertainty could cause some turbulence for insurers in the near to midterm, according to a new AM Best report.

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb” (Good) to the EUR 750 million, 3.875% senior unsecured notes, due 2035, issued by Liberty Mutual Group Inc. (LMGI) (Boston, MA). The notes are guaranteed by Liberty Mutual Holding Company Inc. and LMHC Massachusetts Holdings, Inc. The outlook assigned to the Credit Rating (rating) is stable.

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Redbridge Insurance Company Limited (RICL) (St. James, Barbados). The outlook of the FSR is stable.

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 Financial Corporation (Northbridge), which is composed of Federated Insurance Company of Canada, Northbridge General Insurance Corporation, Zenith Insurance Company and Verassure Insurance Company. All companies are domiciled in Ontario, Canada. Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Wentworth Insurance Company Limited (Wentworth) (Barbados). The outlook of these Credit Ratings (ratings) is stable. The aforementioned companies are subsidiaries of Fairfax Financial Holdings Limited (Fairfax) [TSX: FFH].

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 Farm Bureau Insurance Company of Idaho and its subsidiary, Western Community Insurance Company, collectively referred to as Idaho Farm Bureau, remain unchanged following an announced acquisition under which Mountain West Farm Bureau Mutual Insurance Company will merge into IFB Mutual Insurance Holding Company, the parent company of Idaho Farm Bureau.

AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mountain West Farm Bureau Mutual Insurance Company (Mountain West) (Laramie, WY).

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Union Medical Benefits Society Limited (UniMed) (New Zealand).

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Top Layer Reinsurance Ltd. (Top Layer) (Bermuda). The outlook of these Credit Ratings (ratings) is stable.

AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior) of Renaissance Reinsurance Ltd. (RenaissanceRe), Renaissance Reinsurance U.S. Inc. (New York, NY), RenaissanceRe Specialty U.S. Ltd., Renaissance Reinsurance of Europe Designated Activity Company (Dublin, Ireland) and RenaissanceRe Europe AG (Zurich, Switzerland). The outlook of the FSR is stable. Additionally, AM Best has revised the outlook to positive from stable and affirmed the Long-Term ICR of “a-” (Excellent) of RenaissanceRe Holdings Ltd. (RNR) [NYSE: RNR]. AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of DaVinci Reinsurance Ltd. (DaVinci) and the Long-Term ICR of “bbb+” (Good) of DaVinciRe Holdings Ltd. Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Vermeer Reinsurance Ltd. (Vermeer). The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Bermuda, unless otherwise specified. (See below for a detailed listing of the Long-Term Issue Credit Ratings [Long-Term IRs].)

AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “b+” (Marginal) from “bb-” (Fair) of Oregon Mutual Insurance Company and Western Protectors Insurance Company, which are domiciled in McMinnville, OR and collectively referred to as Oregon Mutual Group. The outlook of the FSR has been revised to stable from negative, while the outlook of the Long-Term ICRs is negative. Concurrently, AM Best has withdrawn these Credit Ratings (ratings) as Oregon Mutual Group has requested to no longer participate in AM Best’s interactive rating process.

AM Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior) to Safe Auto Choice Insurance Company (SACI), Safe Auto Value Insurance Company (SAVI) and Safe Auto Insurance Company (SAIC). The outlook assigned to these Credit Ratings (ratings) is stable. SACI, SAVI, and SAIC are all domiciled in Northbrook, IL and are ultimately owned by Allstate Insurance Group (Allstate).

Following significant double-digit, year-over-year declines in 2022 and 2023, U.S. title insurance premium bounced back with a 7.2% increase in 2024 on the back of Federal Reserve rate cuts.

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Golden Bear Insurance Company (GBIC) (Stockton, CA).

AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the recently issued $300 million, 4.7% senior unsecured notes, due October 2030, of Horace Mann Educators Corporation (Horace Mann) (headquartered in Springfield, IL). The outlook assigned to this Credit Rating (rating) is stable. The existing ratings of Horace Mann and its subsidiaries are unchanged.

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of The Dai-ichi Life Insurance Company, Limited (DL) (Japan), the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc. (DLH). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process.

AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of the operating subsidiaries of The Fortegra Group, Inc. (Fortegra) (headquartered in Jacksonville, FL). Fortegra is a wholly owned subsidiary of its publicly traded parent company, Tiptree Inc. [NASDAQ: TIPT]. The property/casualty (P/C) operating subsidiaries of Fortegra include Lyndon Southern Insurance Company (Wilmington, DE); Insurance Company of the South (Athens, GA); Response Indemnity Company of California (Redondo Beach, CA); Blue Ridge Indemnity Company (Wilmington, DE); Fortegra Specialty Insurance Company (Scottsdale, AZ); and Fortegra Europe Insurance Company SE (Malta). These companies are collectively referred to as Fortegra P&C Group. Furthermore, AM Best has placed under review with positive implications the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Fortegra Belgium Insurance Company NV (Belgium).

AM Best has commented that the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of DB Insurance Co., Ltd. (DBI) (South Korea) remain unchanged following the announcement of its acquisition of The Fortegra Group, Inc (Fortegra) on 26 September 2025.

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Fortegra Insurance UK Ltd. (FIUK) (United Kingdom). Concurrently, AM Best has placed these Credit Ratings (ratings) under review with positive implications.

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Sura Re Ltd. (Sura Re) (Bermuda). The outlook of these Credit Ratings (ratings) is stable.

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Solunion Seguros, Compañía Internacional de Seguros y Reaseguros S.A. (Solunion) (Spain). The outlook of these Credit Ratings (ratings) is stable.

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Grupo Mexicano de Seguros, S.A. de C.V. (GMX) (Mexico City, Mexico). At the same time, AM Best has affirmed GMX’s Mexico National Scale Rating of “aaa.MX” (Exceptional) with a stable outlook.

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 Swiss Reinsurance Company Ltd (Switzerland) and its rated operating affiliates, all subsidiaries of Swiss Re Ltd (Swiss Re). At the same time, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the debt and the indicative Long-Term IRs on securities available under Swiss Reinsurance Company Ltd.’s debt issuance programme. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)

AM Best has affirmed the Financial Strength Ratings (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the main rated insurance subsidiaries of Zurich Insurance Group Ltd (Zurich) (Switzerland). At the same time, AM Best has affirmed the Long-Term ICR of “a+” (Excellent) of Zurich (a non-operating holding company). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good), and the Vietnam National Scale Rating of aaa.VN (Exceptional) of BIDV Insurance Joint Stock Corporation (BIC) (Vietnam). The outlook of these Credit Ratings (ratings) is stable.

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 Farmers New World Life Insurance Company (FNWL) (Bellevue, WA). At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Farmers Reinsurance Company (Farmers Re) (Woodland Hills, CA). The outlook of these Credit Ratings (ratings) is stable.

AM Best will sponsor and exhibit at InsureTech Connect Vegas 2025 at the Mandalay Bay Convention Center in Las Vegas, Oct. 14-16, 2025. Conference attendees can visit booth 550 to receive information about AM Best and how our products and services can empower insurance professionals:

AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to B (Fair) from C++ (Marginal) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “b” (Marginal) of Wolverine Insurance Company (Wolverine) (Dowagiac, MI). The outlook assigned to these Credit Ratings (ratings) is stable.

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of The Doctors Company, An Interinsurance Exchange (Napa, CA) and its core subsidiaries, which collectively comprise The Doctors Company Insurance Group (TDC or TDC Group). See below for a list of companies.

In the past 30 days, Best’s Review readers have been most interested in the following insurance news coverage:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Rembrandt Insurance Company, Ltd. (Rembrandt) (Bermuda), a captive (re)insurer of Vitol Holding B.V. (Vitol), a group engaged in the trading of energy-related products. The outlook of these Credit Ratings (ratings) is stable.

AM Best will host a market briefing on the state of the U.S. property/casualty and global reinsurance industries in conjunction with the American Property Casualty Insurers Association’s (APCIA) Annual Meeting, on Monday, Oct. 6, 2025, at 2 p.m. EDT at the JW Marriott Orlando, Grande Lakes in Orlando, FL.

AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of the members of Grinnell Mutual Group (Grinnell). The outlook of the FSR is stable. (See below for a listing of the companies.)