AM Best has been recognised as Rating Agency of the Year at the Insurance Insider US Honours, held in New York last week.

James Gillard, the president of AM Best Rating Services, accepted the award on behalf of the company. The honour highlights the agency’s reputation for providing fair and accurate ratings, high-quality market intelligence and ongoing innovation in the insurance industry.

“This recognition reflects the hard work and dedication of our analytic and support teams in the United States and around the world,” Mr Gillard said.

“We will continue to serve the global insurance and reinsurance marketplace as a reliable source of ratings and information.”

AM Best is a global credit rating agency, news publisher and data analytics provider that focuses on the insurance sector. The company is headquartered in New Jersey and operates in more than 100 countries, with offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.

The Insurance Insider US Honours are organised by Insurance Insider US, which reports on the American property and casualty insurance industry and is part of Insider International Ltd.