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AM Best

American credit rating service

Field	Value
name	A.M. Best Company, Inc.
type	Private
foundation
founder	Alfred M. Best
location_city	Oldwick, New Jersey
location_country	U.S.
key_people	Arthur Snyder III (chairman & president)
industry	Financial services
services	Rating agency, financial information publications
homepage

A.M. Best Company, Inc. is an American credit rating agency headquartered in Oldwick, New Jersey, that focuses on the insurance industry. Both the U.S. Securities and Exchange Commission and the National Association of Insurance Commissioners have designated the company as a Nationally Recognized Statistical Rating Organization (NRSRO) in the United States.

Business

AM Best issues financial-strength ratings measuring insurance companies' ability to pay claims. It also rates financial instruments issued by insurance companies, such as bonds, notes, and securitization products.

AM Best publishes a series of printed and online resources of insurance professionals and publications. The oldest and best known is Best's Recommended Insurance Attorneys & Adjusters. Insurance publications include BestWeek, a weekly newsletter, Best's Review, a monthly digital & print magazine, and an online wire service called BestWire.

History

Founded in 1899 by Alfred M. Best in New York City, the privately held company moved to Morristown, New Jersey, in 1965, and subsequently to Oldwick in 1974. It also maintains offices in London, Hong Kong, Dubai, Mexico City, Singapore and a news bureau in Washington, D.C.

While the company is best known in the United States, it is becoming increasingly well known in Europe, the Pacific Rim and Latin America. The company's London offices consist of A.M. Best Europe—Rating Services and A.M. Best Europe—Information Services. A.M. Best Asia-Pacific is located in Hong Kong and Singapore. A.M. Best America Latina is located in Mexico City. AM Best recently opened a branch of A.M. Best Europe in Amsterdam that provides Ratings Services.

References

"Nationally Recognized Statistical Rating Organizations ("NRSROs")". U.S. Securities and Exchange Commission.
(6 March 2006). "A.M. Best Becomes Fifth Agency Added to NAIC'S NRSRO List". National Association of Insurance Commissioners Press Release.
(8 March 2005). "Rating Agencies: New NRSRO A.M. Best May Rate Bond Insurers". The Bond Buyer.
(29 May 2009). "Business Briefs - Atchely joins Birmingham, Alabama's Luckie & Co.". The Birmingham News.
"Chronology of Events in A.M Best's History".
(28 February 2003). "A.M. Best Expands Capabilities of its Hong Kong Regional Headquarters". Insurance Journal.
(3 December 2018). "A.M. Best Announces ESMA Registration for New Amsterdam Office". Insurance Journal.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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