bpha Limited’s A+ rating reaffirmed by Standard & Poor’s

LONDON: Credit rating agency Standard & Poor's (S&P) has reaffirmed bpha Limited's long-term credit rating of A+ on 26 October 2020. The outlook for the rating remains 'negative' due to…

NNR October 27, 2020

Ratings

Emeco fully repays $142 million March 2022 Notes

SINGAPORE: Emeco Group has repaid US$142 million (A$195 million), representing 100% of the 31 March 2022 notes (2022 Notes) outstanding, a news release said. The repayment of the 2022 Notes…

NNR October 16, 2020

Ratings

Indonesia’s non-life insurance market stable despite a bleak macroeconomic picture

AM Best believes that the non-life market in Indonesia benefits from a good business mix that will help to cushion any negative impact from the COVID-19 pandemic. SINGAPORE: Indonesia’s non-life…

NNR October 12, 2020

Ratings

AM Best affirms ratings of GEICO on it’s balance sheet strength

OLDWICK: AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) for the members of Government Employees Group (GEICO) based on its strong operating performance, very favorable business…

NNR October 12, 2020

Ratings

Nigeria’s insurance market offers significant potential despite headwinds

LONDON: Nigeria’s substantial oil and gas reserves, its young and growing population and its position as Africa’s largest economy continue to point to significant development potential for its insurance sector.…

NNR October 5, 2020

Ratings

U.S. property and casualty insurers manage challenging market dynamics amidst Covid19

The U.S. property and casualty insurance industry continues to face challenges HOUSTON: Credit rating activity for the U.S. property and casualty insurance industry in the first half of 2020 was…

NNR September 29, 2020

Ratings

U.S. life and health insurance sector rating upgrades outnumber downgrades in first-half of 2020

AM Best maintains a stable outlook on the U.S. health industry segment, despite the wide impact of COVID-19. HOUSTON: The U.S. life and health insurance industry saw more credit rating…

NNR September 29, 2020

Ratings

COVID-19 highlights weaknesses in insurers’ enterprise risk management

LONDON: Reinsurance, and to some extent, insurance, has thrived on globalisation with limited barriers to entry. With this has come an increasing interconnectivity of risks between markets and participants, and…

NNR September 24, 2020

Ratings

Fitch takes rating action on four Indian NBFIs following pandemic

SINGAPORE: Fitch Ratings has taken rating action on the Long-Term Issuer Default Ratings (IDR) of four Indian non-bank financial institutions (NBFI) in light of the companies' performance amid the coronavirus…

NNR September 22, 2020

Ratings

Outlook for Catholic Order of Foresters (COF) revised to negative from stable

LONDON: AM Best has revised the outlooks to negative from stable for Catholic Order of Foresters (COF) due to declining trend of operating performance, where operating losses have been reported…

NNR September 17, 2020

Ratings

Fitch affirms Peru LNG at BB-; assigns negative outlook

CHICAGO: Fitch Ratings has affirmed Peru LNG S.R.L’s (PLNG) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BB-'. The Rating Watch Negative has been removed, and a Negative…

NNR September 15, 2020

Ratings

COVID-19 taking its toll on Canada’s economy and insurance industry

OLDWICK: Canada’s property/casualty insurance industry thus far has fared better than their life counterparts amid the volatile economic and market dynamics created by the COVID-19 pandemic, according to a AM…

NNR September 8, 2020