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Updated the Guide to Best's FInancial Strength Ratings based on a quick website review. Also updated the chronology of events page and noticed some changes to names of products.
m Reverted edits by 102.69.161.2 (talk) (HG) (3.4.13)
 
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{{Short description|American credit rating service}}
{{redirect-distinguish|am best|I Am the Best|Ai Am Best{{!}}''Ai Am Best''|Best (disambiguation){{!}}Best}}
{{redirect|A.M. Best|the persons|Alfred M. Best|and|Best (surname)}}
{{Infobox company
{{Infobox company
| name = A.M. Best Company, Inc.
| name = A.M. Best Company, Inc.
Line 4: Line 7:
| type = [[Corporation]]
| type = [[Corporation]]
| foundation = 1899
| foundation = 1899
| founder = Alfred M. Best
| founder = [[Alfred M. Best]]
| location_city = [[Oldwick, New Jersey]]
| location_city = [[Oldwick, New Jersey]]
| location_country = [[United States]]
| location_country = U.S.
| key_people = Arthur Snyder&nbsp;III<br />Chairman & President
| key_people = Arthur Snyder&nbsp;III<br />Chairman & President
| area_served =
| area_served =
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}}
}}


'''A.M. Best''' is a U.S.-based [[credit rating agency]] headquartered in [[Oldwick, New Jersey|Oldwick]], [[New Jersey]], that focuses on the [[insurance]] industry. Both the [[United States Securities and Exchange Commission|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.<ref>{{cite web|title=Nationally Recognized Statistical Rating Organizations ("NRSROs")|url=https://www.sec.gov/divisions/marketreg/ratingagency.htm|publisher=U.S. Securities and Exchange Commission|accessdate=25 February 2013}}</ref><ref>{{cite news|title=A.M. Best Becomes Fifth Agency Added to NAIC'S NRSRO List |url=http://www.naic.org/Releases/2006_docs/AM_Best_NRSRO.htm |accessdate=25 February 2013 |newspaper=National Association of Insurance Commissioners Press Release |date=6 March 2006 |deadurl=yes |archiveurl=https://web.archive.org/web/20130531162804/http://www.naic.org/Releases/2006_docs/AM_Best_NRSRO.htm |archivedate=31 May 2013 |df= }}</ref>
'''AM Best''' is an American [[credit rating agency]] headquartered in [[Oldwick, New Jersey|Oldwick]], [[New Jersey]], that focuses on the [[insurance]] industry. Both the [[United States Securities and Exchange Commission|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.<ref>{{cite web|title=Nationally Recognized Statistical Rating Organizations ("NRSROs")|url=https://www.sec.gov/divisions/marketreg/ratingagency.htm|publisher=U.S. Securities and Exchange Commission|access-date=25 February 2013}}</ref><ref>{{cite news|title=A.M. Best Becomes Fifth Agency Added to NAIC'S NRSRO List |url=http://www.naic.org/Releases/2006_docs/AM_Best_NRSRO.htm |access-date=25 February 2013 |newspaper=National Association of Insurance Commissioners Press Release |date=6 March 2006 |url-status=dead |archive-url=https://web.archive.org/web/20130531162804/http://www.naic.org/Releases/2006_docs/AM_Best_NRSRO.htm |archive-date=31 May 2013 }}</ref>


==Business==
A.M. Best issues financial-strength ratings measuring insurance companies' ability to pay claims. It also rates [[financial instrument]]s issued by insurance companies, such as bonds, notes, and [[securitization]] products.<ref>{{cite news|title=Rating Agencies: New NRSRO A.M. Best May Rate Bond Insurers|url=http://www.bondbuyer.com/news/-218413-1.html|accessdate=25 February 2013|newspaper=The Bond Buyer|date=8 March 2005}}</ref>
AM Best issues financial-strength ratings measuring insurance companies' ability to pay claims. It also rates [[financial instrument]]s issued by insurance companies, such as bonds, notes, and [[securitization]] products.<ref>{{cite news|title=Rating Agencies: New NRSRO A.M. Best May Rate Bond Insurers|url=http://www.bondbuyer.com/news/-218413-1.html|access-date=25 February 2013|newspaper=The Bond Buyer|date=8 March 2005}}</ref>


A.M. 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''.<ref>{{cite news|title=Business Briefs - Atchely joins Birmingham, Alabama's Luckie & Co.|url=http://www.al.com/business/birminghamnews/hr.ssf?/base/business/1243584951257040.xml|accessdate=25 February 2013|newspaper=The Birmingham News|date=29 May 2009|deadurl=yes|archiveurl=https://web.archive.org/web/20140519065100/http://www.al.com/business/birminghamnews/hr.ssf?%2Fbase%2Fbusiness%2F1243584951257040.xml|archivedate=19 May 2014|df=}}</ref> Insurance publications include ''BestWeek'', a weekly newsletter, ''Best's Review'', a monthly digital & print magazine, and an online [[wire service]] called ''BestWire''.
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''.<ref>{{cite news|title=Business Briefs - Atchely joins Birmingham, Alabama's Luckie & Co.|url=http://www.al.com/business/birminghamnews/hr.ssf?/base/business/1243584951257040.xml|access-date=25 February 2013|newspaper=The Birmingham News|date=29 May 2009|url-status=dead|archive-url=https://web.archive.org/web/20140519065100/http://www.al.com/business/birminghamnews/hr.ssf?%2Fbase%2Fbusiness%2F1243584951257040.xml|archive-date=19 May 2014}}</ref> Insurance publications include ''BestWeek'', a weekly newsletter, ''Best's Review'', a monthly digital & print magazine, and an online [[wire service]] called ''BestWire''.
==History==
==History==
Founded in 1899 by [[Alfred M. Best]] in [[New York City]], the [[privately held]] company moved to [[Morristown, New Jersey|Morristown]], New Jersey, in 1965, and subsequently to [[Oldwick, New Jersey|Oldwick]] in 1974.<ref>[http://www.ambest.com/about/ambchronology.pdf Chronology of Events in A.M Best's History]{{|url=http://www.ambest.com/about/ambchronology.pdf |date=September 28, 2011 }}</ref> It also maintains offices in [[London]], [[Hong Kong]], Dubai, Mexico City, Singapore and a news bureau in [[Washington, D.C.]]
Founded in 1899 by [[Alfred M. Best]] in [[New York City]], the [[privately held]] company moved to [[Morristown, New Jersey|Morristown]], New Jersey, in 1965, and subsequently to [[Oldwick, New Jersey|Oldwick]] in 1974.<ref>{{cite news|title=Chronology of Events in A.M Best's History|url=http://www.ambest.com/about/ambchronology.pdf|access-date=27 October 2018 }}</ref> 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.<ref>{{cite news|title=A.M. Best Expands Capabilities of its Hong Kong Regional Headquarters|url=http://www.insurancejournal.com/news/international/2003/02/28/26657.htm|accessdate=25 February 2013|newspaper=Insurance Journal|date=28 February 2003}}</ref> A.M. Best America Latina is located in Mexico City.
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.<ref>{{cite news|title=A.M. Best Expands Capabilities of its Hong Kong Regional Headquarters|url=http://www.insurancejournal.com/news/international/2003/02/28/26657.htm|access-date=25 February 2013|newspaper=Insurance Journal|date=28 February 2003}}</ref> 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.<ref>{{cite news|title=A.M. Best Announces ESMA Registration for New Amsterdam Office|url=http://news.ambest.com/presscontent.aspx?refnum=27385&altsrc=48|access-date=26 January 2019|newspaper=Insurance Journal|date=3 December 2018}}</ref>


==See also==
==See also==
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==References==
==References==
{{Reflist|30em}}
{{Reflist}}


== External links ==
== External links ==
* {{Official website|www.ambest.com}}
* {{Official website|www.ambest.com}}
* [http://www.ambest.com/ratings/index Guide to Best's Financial Strength Ratings]
* [https://www.ambest.com/ratings/guide.pdf Guide to Best's Financial Strength Ratings]


{{NRSRO}}
{{NRSRO}}
{{Authority control}}

[[Category:Companies based in Hunterdon County, New Jersey]]
[[Category:Companies based in Hunterdon County, New Jersey]]
[[Category:Credit rating agencies]]
[[Category:Credit rating agencies]]
[[Category:Financial services companies based in New Jersey]]
[[Category:Financial services companies based in New Jersey]]
[[Category:Insurance industry organizations]]
[[Category:Insurance industry organizations]]
[[Category:Tewksbury Township, New Jersey]]
[[Category:Financial services companies established in 1899]]

Latest revision as of 18:44, 23 December 2024

"am best" redirects here. Not to be confused with I Am the Best, Ai Am Best, or Best.
"A.M. Best" redirects here. For the persons, see Alfred M. Best and Best (surname).
A.M. Best Company, Inc.
Company typeCorporation
IndustryFinancial services
Founded1899
FounderAlfred M. Best
Headquarters
Oldwick, New Jersey
,
U.S.
Key people
Arthur Snyder III
Chairman & President
ServicesRating agency, financial information publications
Websitewww.ambest.com

AM Best 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.[1][2]

Business

[edit]

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.[3]

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.[4] Insurance publications include BestWeek, a weekly newsletter, Best's Review, a monthly digital & print magazine, and an online wire service called BestWire.

History

[edit]

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.[5] 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.[6] 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.[7]

See also

[edit]

References

[edit]
  1. ^ "Nationally Recognized Statistical Rating Organizations ("NRSROs")". U.S. Securities and Exchange Commission. Retrieved 25 February 2013.
  2. ^ "A.M. Best Becomes Fifth Agency Added to NAIC'S NRSRO List". National Association of Insurance Commissioners Press Release. 6 March 2006. Archived from the original on 31 May 2013. Retrieved 25 February 2013.
  3. ^ "Rating Agencies: New NRSRO A.M. Best May Rate Bond Insurers". The Bond Buyer. 8 March 2005. Retrieved 25 February 2013.
  4. ^ "Business Briefs - Atchely joins Birmingham, Alabama's Luckie & Co". The Birmingham News. 29 May 2009. Archived from the original on 19 May 2014. Retrieved 25 February 2013.
  5. ^ "Chronology of Events in A.M Best's History" (PDF). Retrieved 27 October 2018.
  6. ^ "A.M. Best Expands Capabilities of its Hong Kong Regional Headquarters". Insurance Journal. 28 February 2003. Retrieved 25 February 2013.
  7. ^ "A.M. Best Announces ESMA Registration for New Amsterdam Office". Insurance Journal. 3 December 2018. Retrieved 26 January 2019.
[edit]
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