WELCOME TO AM B EST - A.M. Best Company

WELCOME TO AM BEST

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. The company does business in more than 100 countries. Headquartered in Oldwick, NJ, AM Best has offices in cities around the world, including London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit .

THE AM BEST CHRONOLOGY OF EVENTS

1899 - December 14 ? AlfredMagiltonBestincorporatedtheAlfredM.BestCompany,Inc.inNewYork,NY,withanofficeattheFahys Buildingon29LibertyStreet.

1900 ?Introducedtheflagshippublication,Best's Insurance Reports?,currentlyavailableinthreeeditions:P/C,US& Canada;L/H,US&Canada;andNon-US.

?IntroducedamonthlysupplementtoBest's Insurance Reports,nowknownasBest's Review?.

1905 ?Developedthefirstlistofratingsofpropertyandcasualtyinsurancecompanies.

1906 ?PublishedfirsthandreportsonthelossesoffireinsurancecompaniesinvolvedintheSanFranciscoEarthquakeand Conflagrationof1906.

? RelocatedtotheWoodbridgeBuildingat100WilliamStreetinNewYork,NY,afteraseriesofmovesdueto expansion.Thiswouldremaintheheadquartersfor14years.

1907 ?Publishedthefirstratingsintheinsuranceagent'sresourcenowknownas Best's Key Rating Guide?.Currently availableinP/C,US&CanadaandL/H,US&Canadaeditions.

?Publishedthepopular"Special Report Upon San Francisco Losses and Settlements,"afinalreportonthetotal lossesofinsurancecompaniesaffectedbytheSanFranciscoEarthquakeandConflagrationof1906.Thiswas consideredthefirstofBest's Special Reports.

1920 ?PurchasedandrelocatedtotheformerWilsonBuildingat75FultonStreetinNewYork,NY.Thiswouldremainthe company'sheadquartersfor45years.

1928 ?IntroducedthefirstratingsoflifeinsurancecompaniesinanewlifeinsuranceeditionofBest's Key Rating Guide.

1929 ?IntroducedtheresourcenowknownasBest's Insurance Professionals Resource.

1940 ?IntroducedthebenchmarkingandstrategicplanningtoolnowknownasBest's Aggregates & Averages.Currently availableinP/C,US&CanadaandL/H,US&Canadaeditions.

?Publishedthespecialreport"The War and the Financial Position of the Foreign Insurance Companies Entered in the United States."

CHRONOLOGY OF EVENTS

1943 1958

1962 1965 1968

1969

1974

1975

1980 1984

1985 1986 1990

1991 1992

1994 1996 1997

1998 1999

? IntroducedtheweeklynewspublicationnowknownasBestWeek?.

? AlfredM.BestpassedawayinManhattanattheageof81. ?AlfredM.BestnamedInsurance Man of the YearbytheFederationofInsuranceCounsel.

? AlfredM.BestposthumouslyinductedintotheGriffithFoundation'sInsuranceHallofFame.

? IncorporatedinNewJerseyandrelocatedtotheformerFarmers&ConsumersDairyBuildinginMorristown,NJ.

? TheAlfredM.BestCompany,Inc.wasrenamedA.M.BestCompany,Inc. ?IntroducedriskmanagementresourcenowknownasBest's Loss Control Reports.

? Firstreleasedproperty/casualtyandlife/healthinsuranceinvestmentdatafortheUS,nowknownasBest's Investment Schedules (A-E).

? CompletedconstructionofthecurrentAMBestworldheadquartersinOldwick,NJ,builtontheAvogardoFarm acquiredtwoyearsbefore.

?IntroducedpropertyandcasualtycompanyratefilinginformationnowknownasBest's State Rate Filings?. ?IntroducedriskmanagementresourceBest's Underwriting Reports.

?FirstreleasedUSproperty/casualtylossreservesdata,nowknownasBest's Schedule P (Loss Reserves).

? IntroducedAMBest'sfirstcomprehensiveonlinedatabase,nowknownasBestLink?. ? IntroducedcreditratingsoncompaniesoutsideofNorthAmerica.

?Introduceddetailedcompanyreports,nowknownasBest's Credit Reports.

?IntroducedUSregulatoryfinancialstatementpreparationsoftwareBestESP ?.

?IntroducedtheanalyticaltoolnowknownasBest's State/Line,currentlyavailableforthreeindustrysegments: Property/CasualtyLines,US;LifeLines,US;andAccident&HealthLines,US.

?FirstreleasedUSproperty/casualtyinsuranceexpenseexhibitdata,nowknownasBest's Insurance Expense Exhibit.

?IntroducedcompositestatementdatainwhatisnowknownasBest's Financial Suite,currentlyavailablefor:US, Canada,UK,andGlobal,alongwithSolvencyIIData.

? Introducedreal-timeonlinenewsserviceBestWire?.

?HeldfirstAMBest'sAnnualReview & PreviewConference.

? Launched,theAMBestwebsite.

? EstablishedaLondon-basedsubsidiary,nowknownasA.M.BestEurope?RatingServicesLimitedandA.M.Best Europe?InformationServicesLimited.

?FirstreleasedUSpropertyandcasualtyreinsurancedata,nowknownasBest's Schedule F (Reinsurance).

? Celebratedthe100-yearanniversaryofAMBest. ? EstablishedHongKong?basedsubsidiaryA.M.BestAsia-PacificLimited. ?IntroducedtheprogramnowknownasBestMark.CurrentlyavailableforRatedInsurersandBest's Insurance

Professional ResourcesQualifiedMembers.

2000 2001 2003 2004 2005 2005 2006 2007

2008

2009 2010

2011

?IntroduceddailyonlinenewsdigestBestDay ?.

? Introducedthecompany-trackingsystemnowknownasBestAlert ?.

? IntroducedBest's Key Rating Guide Presentation ReportsandwhatisnowknownasBest's Credit Rating Certificates. ?FirstreleasedUSlifeandhealthreinsurancedata,nowknownasBest's Schedule S (Reinsurance). ?LaunchedBest's Captive CenterandBest's Health .

?LaunchedBest's Property/Casualty Center,Best's Life/Health Center,andUnderwriting Guide and Loss Control .

? RecognizedasaNationallyRecognizedStatisticalRatingOrganization( NRSRO)bytheUSSecuritiesandExchange Commission(SEC).

?IntroducedtheannuallyupdatedhandbooknowknownasBest's Guide to Understanding the Insurance Industry.

?LaunchedBest's Reinsurance CenterandBest's Regulatory Center ?United States . RegulatoryCentersarealsonowavailableforCanada,UKandtheEuropeanUnion.

? HeldthefirstconferencesnowknownasAMBest'sInsuranceMarketBriefings,witheventsinheldinCologne, ParisandLondon.

? Producedfirstinsuranceindustryvideoprogramming,nowknownasAMBestTV?.

? GrantedregistrationbytheSECasaCreditRatingAgency,pertheCreditRatingAgencyReformActof2006. ? HeldthefirstannualconferencenowknownasAMBest'sInsuranceMarketBriefing-Toronto. ?LaunchedBest's Insurance-Linked Securities CenterandBest's Consumer . ?IntroducedthehistoricalinsurancecompanydatabaseBest's Corporate Changes and Retirements.

? AlfredM.BestposthumouslyinductedintotheInsuranceMediaAssociation'sInsuranceMediaHallofFame. ? IntroducedthedesktopapplicationforUSproperty/casualtycompaniesBest's Capital Adequacy Ratio Model ? P/C, US. ?LaunchedBest's Title & Mortgage Guaranty .

? NamedBestGlobalRatingAgencyattheReactionsGlobalAwards2009,andreceivedthe2009"MarketLeader" titleintheMiddleEastMarketbyIntelligent Insurer.

? NamedBestGlobalRatingAgencyforthesecondconsecutiveyearattheReactionsGlobalAwards2010,and RatingAgencyoftheYearattheReactionsLondonMarketAwards2010.

?NamedBestRatingAgencybyIntelligent Insurer'sUSIndustryAwards2010. ?LaunchedBest's Library Center,anonlineserviceavailableexclusivelytopublicandacademiclibraries.

? NamedBestGlobalRatingAgencyforthethirdconsecutiveyearattheReactionsGlobalAwards2011,andBestUS RatingAgencybyIntelligent Insurer'sUSAwards2011.

?LaunchedwhatisnowknownasBest's News & Research Service,providingcomprehensiveaccesstoAMBest's newsandanalyticalcontent.

?Introducede-newsletterBestConnect ?.

CHRONOLOGY OF EVENTS

2012

2013 2014

2015

2015 2016 2017 2018

? NamedBestGlobalRatingAgencyforthefourthconsecutiveyearattheReactionsGlobalAwards2012,andGlobal BestRatingAgencybyIntelligent Insurer'sGlobalAwards2012.

? EstablishedA.M.BestMENA?South&CentralAsiawithanofficeintheDubaiInternationalFinanceCentre,UAE. ?AddedtwonewratingservicesinadditiontotheexistingBest's Interactive Credit Rating Service: Best's Rating

Assessment ServiceandBest's Rating Evaluation Service. ? HeldthefirstAMBest'sInsuranceMarketBriefing-BermudainHamilton.

? NamedBestGlobalRatingAgencyforthefifthconsecutiveyearattheReactionsGlobalAwards2013,andBest RatingAgencyforthesecondconsecutiveyearatIntelligent Insurer'sGlobalAwards2013.

?IntroducedBest's Capital Adequacy Ratio Model ? Universal capitalmodelingtoolforsingleandgroupinsurance companiesintheLifeandNon-Lifesectors.

? NamedBestRatingAgencyforthesixthconsecutiveyearattheReactionsGlobalAwards2014;BestRating AgencyforthethirdconsecutiveyearatIntelligent Insurer'sGlobalAwards2014;andLatinAmericaRatingAgency oftheYearbyReactionsLatinAmerica.

? EstablishedA.M.BestAmericaLatina,S.A.deC.V.inMexicoCity,Mexico. ? IntroducedBest's Journal,acompilationofAMBest-originatedreportsandstudies,aspartofBest's News and

Research Service.

? NamedBestRatingAgencyfortheseventhconsecutiveyearattheReactionsGlobalAwards2015;BestRating AgencyforthefourthconsecutiveyearatIntelligent Insurer'sGlobalAwards2015;andInternationalBestRatings Agencyatthe2015InternationalTakafulAwards.

? EstablishedasecondAMBestAsia-PacificofficeinSingapore. ?Introducedtheavailabilityof"As-Was"insurancecompanyfinancialdatainselectAM Best's Financial Suite

productsviaBestLink.

? LaunchedBest'sCreditRatingsMobileApplication.

? NamedLatinAmericaRatingAgencyoftheYearattheReactionsGlobalAwards2016andInternationalBest RatingsAgencyforTakafulatthe2016InternationalTakafulAwards.

?LaunchedBest's Key Rating Guideonline.

? NamedBestRatingAgency( ReactionsNorthAmericaAwards2017),InternationalBestRatingsAgencyforTakaful (InternationalTakafulAwards2017)andLatinAmericaRatingAgencyoftheYear(ReactionsLatinRe/Insurance Awards2017).

? ReleasedupdatetoBest'sCreditRatingMethodologyandBest'sCapitalAdequacyRatiomodel.

? EstablishedanAmsterdam-basedsubsidiary(registeredasA.M.Best( EU )RatingServicesB.V.)tocontinueto provideratingsforregulatorypurposesacrosstheEuropeanUnion,followingtheUnitedKingdom'sdecisiontoleave theeconomicbloc.

? NamedBestRatingAgency( ReactionsNorthAmericaAwards2018),andInternationalBestRatingsAgencyfor Takaful(InternationalTakafulAwards2018).

?LaunchednewBest's Reviewonlineeditioninamobile-friendlyformatwithnosubscriptionrequirement.

CHRONOLOGY OF EVENTS

2019 2020

2021

?After120yearsofpublication,Best's Insurance Reportstransitionedtoexclusivelyonlinedelivery. ? NamedInternationalBestRatingsAgencyforTakaful( InternationalTakafulAwards2019 ). ?RedesignedBest's Credit Reports. ?IntroducedBest's Financial ReportsaspartoftheBest's Insurance Reportssubscription(nowalsoavailablefor

individualpurchaseonline).

?Releasedthenewcriteriaprocedure"Scoring and Assessing Innovation,"whichevaluatesaninsurer'slevelof innovationasasub-componentoftheBusinessProfilebuildingblockinBestCreditRatingMethodology.

? Designedandimplementedaglobalpandemicstresstestonallratedcompanies;revisedglobaloutlooks;and publishedthecomprehensiveBest's Special Report"Stress Testing Rated Companiesfor COVID-19,"inresponseto theCOVID-19pandemic.

?PublishedThe AM Best Business Trilogy,whichtellsthestoryofAMBest,itsfounderandthecreditratingindustry. ? Introducedanewcorporatelogothatrecognizesthecompany'shistorybyhighlightingtheyearofthecompany's

incorporation. ? Expandedtheuseofthetagline"OurInsight,YourAdvantage"forbothAMBestRatingServicesandAMBest

InformationServices.

?RelaunchedBest's Insurance News & AnalysisasBest's News & Research Service,withcontentorganizedunder theheadingsofBest'sNewsandBest'sResearchtostreamlineaccesstoAMBest'snewscoverageandthought leadership.

?AMBestbecameasignatoryoftheUnitedNationsEnvironmentProgrammeFinancialInitiative's(UNEPFI) PrinciplesforSustainableInsurance(PSI),endorsedbytheUNSecretary-Generalasaglobalframeworkforthe insuranceindustrytoaddressenvironmental,socialandgovernance(ESG)risksandopportunities.

(As of March 16, 2021)

Global Headquarters

Oldwick 1AmbestRoad, Oldwick,NJ08858,U.S. Phone:+19084392200

CORPORATE OFFICES

London 6thFloor, 12ArthurStreet, London,EC4R9AB,U.K. Phone:+442076266264

Mexico City PaseodelaReforma412, Piso23,Col.Ju?rez, Alcad?aCuauht?moc M?xico,D.F.06600 Phone:+525511022720

Amsterdam 3rdFloor,NoMAHouse, GustavMahlerlaan1212 1081LAAmsterdam, Netherlands Phone:+31203085420

Dubai* Office102,Tower2, CurrencyHouse,DIFC POBox506617,Dubai,UAE Phone:+97143752780

*RegulatedbytheDFSAasaRepresentativeOffice

Hong Kong Suite4004,CentralPlaza, 18HarbourRoad Wanchai,HongKong Phone:+85228273400

Singapore 6BatteryRoad, #39-04 Singapore049909 Phone:+6563035000

20.MK041.VC1

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download