-

Best's Review Examines Latest Developments in Insurance Accounting Sector

OLDWICK, N.J.--(BUSINESS WIRE)--In the July issue, Best’s Review highlights various deals and new regulatory requirements changing the face of the public accounting sector. Mergers, acquisitions and investments are having a big impact on firms as they look to expand their geographic footprint, industry expertise and technological capabilities. Meanwhile, IFRS 17 will be bringing more disclosure and transparency to the industry, along with more complexity. Read the full story in “Insurers See Changes in Accounting Sector, Costly New Standards.”

Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. The complete content of Best’s Review is available here.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Company, Inc. and/or its affiliates.

ALL RIGHTS RESERVED.

Contacts

Patricia Vowinkel
Executive Editor, Best’s Review®
+1 908 882 1771
patricia.vowinkel@ambest.com

Industry:

AM Best

Release Versions
English
Hashtags
#insurance

Contacts

Patricia Vowinkel
Executive Editor, Best’s Review®
+1 908 882 1771
patricia.vowinkel@ambest.com

Social Media Profiles
AM Best Rating Services on LinkedIn
AM Best Ratings Twitter
AM Best Co.
AM Best on YouTube
More News From AM Best

AM Best Revises Outlooks to Stable for Members of Auto Club Group; Affirms Credit Ratings of Auto Club Florida Group’s Members

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” (Excellent) of Auto Club Insurance Association (Dearborn, MI) and its wholly owned subsidiaries and affiliates, which are collectively referred to as Auto Club Group (ACG). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) of...

AM Best Assigns Credit Ratings to American Steamship Owners Mutual Protection and Indemnity Association, Inc.

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good) to American Steamship Owners Mutual Protection and Indemnity Association, Inc. (American Club) (New York, NY). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect American Club’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and ap...

AM Best Affirms Credit Ratings of The Progressive Corporation and Its Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--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 members of The Progressive Corporation (Progressive) (Mayfield Village, OH) [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of “a” (Excellent) of Progressive, the parent holding company, and all of the Long-Term Issue Credit Ratings (Long-Term IR) of Progressive’s senior unsecured issuances....
Back to Newsroom