The Company
A History of AM Best
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John Weber
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AM Best
The AM Best Business Trilogy is a three-book series that has its roots in the idea that all stories have context. When AM Best Chairman, President, and CEO Arthur Snyder III started this project, his goal was to tell the complete story, with all the layers peeled back one by one. The Company-A History of AM Best begins with founder Alfred M. Best, then leads to the men and women who opened markets, launched products, and employed their imagination, determination, and creativity to make AM Best a global presence. Opportunities for innovation and growth remain endless. AM Best has endured for more than a century and is well-positioned for the next.
AM Best started as a one-room shop jammed next to the elevator shaft on the top floor of a commercial building in Manhattan. Founder Alfred M. Best was only 23 when he leased the cramped space for $10 a month, but he had an idea: to provide reliable information about the financial health of insurance companies to anyone who needed it, most importantly policyholders. Within a few years, Alfred developed the first credit ratings, which ultimately sparked an entire industry. AM Best began to grow, adding personnel, investing in technology, moving to larger buildings, eventually expanding around the world. Along the way, major leaders have contributed to the company's advancement, passing the baton from one generation to the next. More than 100 years after Alfred put his vision into motion, the dedicated employees of AM Best continue to move it forward.
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