AM Best rating downgrades outnumber upgrades for H1 2023
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AM Best rating downgrades outnumber upgrades for H1 2023

Kyoung-son Song
October 12, 2023
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The number of ratings downgrades from AM Best outpaced upgrades in H1 2023, with 32 downgrades during the period compared to 22 upgrades, “reflecting a difficult period for the personal lines segment,” Best said in a report released today.

This was in comparison to 19 upgrades and 18 downgrades for the prior-year period.

Worsening economic and social inflation impacted all lines of business, the report said, but most of the downgrades were in the personal lines segment, which accounted...

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Kyoung-son Song
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