AM Best has downgraded the financial strength rating of Finger Lakes Fire and Casualty Company from A to A- and the long-term issuer credit rating from 'a' to 'a-' with a negative outlook for its credit ratings.

KBRA has assigned a preliminary rating of BBB with a stable outlook to surplus notes to be issued by Clear Blue Specialty Insurance Company, with the fronting carrier set to raise more than $40mn of growth capital from the issue in a move first revealed by Program Manager.

AM Best has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the long-Term issuer credit ratings (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of Reno, Nevada-based Employers Preferred Insurance Company and its affiliates, collectively referred to as Employers Insurance Group (Employers).

(The Insurer) - AM Best has placed the credit ratings of Velocity Specialty Insurance Company (VSIC) under review with positive implications after the E&S carrier entered a formal agreement on Tuesday under which it will be acquired by property mutual giant FM Group.

Sutton National Group has said it is looking forward to a “bright future” after AM Best removed its ratings from under review with negative implications and affirmed them in the wake of the fronting carrier’s reorganisation and ownership change being approved by Oklahoma’s insurance commissioner.

AM Best has placed the credit ratings of Aviva under review after the UK insurer reached a formal agreement to buy rival Direct Line Group for ~£3.7bn ($4.6bn).

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 London-listed pure-play reinsurer Conduit Reinsurance Limited.

Fitch Ratings and Moody’s have maintained their respective neutral and stable outlooks on US property and casualty insurance industry and carriers heading into 2025, citing the sector's personal lines recovery, strong underwriting profitability and robust balance sheets among its participants, despite ongoing challenges like catastrophe losses and claims inflation.

AM Best has maintained its negative outlook for Germany’s non-life insurance segment, citing moderate growth prospects on an inflation-adjusted basis and the impact of persistent claims inflation on underwriting profitability.

Morningstar DBRS has changed Toronto-based Trisura Group's trend to positive from stable and confirmed all ratings in response to its recent performance, growth and "significant” risk management enhancements.