Moody’s affirms Frasers Centrepoint’s Baa2 rating; changes outlook to stable

The stable outlook reflects Moody's expectation that FCT will be able to maintain its track record of strong operating performance SINGAPORE: Moody's Investors Service has affirmed Frasers Centrepoint Trust's (FCT)…

NNR September 8, 2020

Ratings

U.S. life insurance and annuity industry’s income declines by 66 percent

NEW YORK: The U.S. life insurance and annuity industry’s net income fell by 66 percent in the first half of 2020, compared with the same prior-year period, driven predominantly by…

NNR September 3, 2020

Ratings

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, increasing by 58% year over…

NNR September 2, 2020

Ratings

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-“ with stable outlook long-term debt…

NNR August 26, 2020

Ratings

AM Best affirms credit ratings of Eurasia Insurance Company

Eurasia has a dominant role in the local (re)insurance market and benefits from geographic diversification through international inward reinsurance. LONDON: Insurance sector rating agency, AM Best has affirmed the credit…

NNR August 21, 2020

Ratings

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 declining surplus, a news release…

NNR August 21, 2020

Ratings

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 industry’s assets, according to a…

NNR August 18, 2020

Ratings

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 (FSR) of B++ (Good) and…

NNR August 18, 2020

Ratings

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 stable to negative. Scope states…

NNR August 12, 2020

Ratings

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 Insurance S.p.A. of Italy. The…

NNR August 8, 2020

Ratings

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 of net capital charges associated…

NNR July 29, 2020

Ratings

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-” of Country-Wide Insurance Company (Country-Wide)…

NNR July 29, 2020