A.M. Best Restructure January 2016
Credit rating agency A.M. Best announced it has completed its organizational restructure to satisfy legal and regulatory requirements due to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. This move will remove the possibility of conflicts of interest between the agency’s rating arm and its products and services offerings.
A.M. Best Rating Services, Inc.,
Headed by president and chairman, Larry G. Mayewski, the credit rating agency subsidiary A.M. Best Rating Services, Inc., will operate their credit rating business. Matthew C. Mosher has been appointed Executive Vice President and Chief Operating Officer and will report to Mayewski. Both will serve on the Board of Directors.
A.M. Best Information Services
A.M. Best Information Services, will remain with the parent company, A.M. Best. Paul C. Tinnirello, is the new unit’s Executive Director with Karen B. Heine serving as Executive Vice President, Global Information Products & Services.
A.M. Best began issuing ratings in 1906. Established in 1899, it is headquartered in Oldwick, NJ.