Given the confluence of COVID-19, ongoing fire and wind catastrophe events and A.M. Best’s evolving criteria it is increasingly important to stay on top of A.M. Best’s views, particularly on topical issues.
Through the first six months of 2020, upgrades have surpassed downgrades and rating actions overall have been less prevalent. Rating changes diverged between segments in the first half of 2020 as commercial lines experienced more downgrades, while upgrades were more prevalent for personal lines.
U.S. Property & Casualty Issuer Credit Rating Upgrades and Downgrades by Segment
Source: A.M. Best Special Report: Mid-Year Rating Changes Mixed as P&C Insurers Manage Challenging Market Dynamics, September 28, 2020