Medicare advantage insurance market segment’s strong earnings continue
NEW YORK: Driven by some of the segment’s largest health insurers, the U.S. Medicare Advantage (MA) insurance segment continued its strong earnings trend in 2019,...
BCRA assigns Zenith Energy “B-” with stable outlook credit rating
OSLO: Zenith Energy Ltd., the listed international oil & gas production company, announced that BCRA Credit Rating Agency AD (BCRA) has assigned Zenith a “B-“...
AM Best affirms credit ratings of Eurasia Insurance Company
LONDON: Insurance sector rating agency, AM Best has affirmed the credit ratings of Eurasia Insurance Company based on company’s strong operating performance, neutral business profile...
AM Best downgrades Armed Forces Insurance Exchange
OLDWICK: Global rating agency, AM Best has downgraded the credit rating of Armed Forces Insurance Exchange (AFIE) due to significant volatility in operating results and...
U.S corporate bond holdings pose risk to insurers’ balance sheets: Report
OLDWICK: Recent macroeconomic uncertainty due to the COVID-19 pandemic is a concern for insurers’ balance sheets as corporate bonds constitute a majority of the insurance...
AM Best revises outlook to stable for members of Wisconsin Reinsurance Group
OLDWICK: AM Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating...
Scope Ratings revises the outlook for Agder Energi’s issuer rating BBB+ from stable to negative
OSLO: German-based rating agency Scope Ratings has today updated the rating report for Agder Energi AS and revises the outlook for issuer’s rating BBB+ from...
AM Best assigns credit ratings to Net Insurance S.p.A. with stable outlook
AMSTERDAM: Global rating agency AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to Net...
AM Best updates net capital charges associated with Fannie-Freddie mortgage risk transfers
OLDWICK: As more of Fannie Mae and Freddie Mac’s mortgage risks continue to make their way to the reinsurance market, AM Best has published tables...
AM Best upgrades credit ratings of Country-Wide Insurance Company
OLDWICK: AM Best has upgraded the Financial Strength Rating to C++ (Marginal) from C+ (Marginal) and the Long-Term Issuer Credit Rating to “b+” from “b-”...
Ratings of China Taiping Insurance affirmed with stable outlook
SINGAPORE: Global rating agency, AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of China...
KBRA assigns preliminary rating to Arby’s Funding LLC
NEW YORK: Kroll Bond Rating Agency (KBRA) announced the preliminary ratings to two note classes of Arby’s Funding, LLC, Series 2020-1, a whole business securitization....