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 Taiping Insurance (Singapore) Pte. Ltd…

NNR July 26, 2020

Ratings

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. This transaction is the third…

NNR July 21, 2020

Ratings

New India Assurance downgraded due to deficiencies in financial reporting

SINGAPORE: The global insurance sector rating agency has revised the outlook for New India Assurance Company Limited to Negative from stable earlier, as the company’s deficiencies in financial reporting continue…

NNR July 19, 2020

Ratings

AM Best affirms credit ratings of Arabia Insurance Company

LONDON: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of ARABIA Insurance Company s.a.l. (AIC) (Lebanon). The outlook of…

NNR July 17, 2020

Ratings

AM Best affirms ratings of State Automobile Mutual Insurance and its subsidiaries

State Auto continues to focus on risk management initiatives designed to reduce severity, along with aggressive price monitoring efforts and rate increases. OLDWICK: AM Best has affirmed the Financial Strength…

NNR July 17, 2020

Ratings

AM Best assigns negative outlook to Chile’s insurance industry

MEXICO CITY: Insurance sector rating agency, AM Best has assigned a negative market segment outlook to Chile’s insurance industry, citing contractions of premium volume, limited financial flexibility and regulatory changes…

NNR July 15, 2020

Ratings

AM Best affirms credit ratings of Wright National Flood Insurance

OLDWICK: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit of “a-” of Wright National Flood Insurance Company (WNFIC) (San Antonio, TX). The…

NNR July 8, 2020

Ratings

AM Best downgrades credit ratings of General Insurance Corporation of India

SINGAPORE: Global rating agency AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from…

NNR July 2, 2020

Ratings

Fitch Ratings affirms PhosAgro’s investment grade credit rating of BBB-/Stable

MOSCOW: PhosAgro, one of the world's leading vertically-integrated phosphate-based fertilizer producers, announced that Fitch Ratings has affirmed its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at BBB- with a…

NNR July 1, 2020

Ratings

U.S. insurers’ private equity holdings continue to climb

NEW YORK: U.S. insurance companies for a fourth-straight year increased their private equity holdings by nearly 10% in 2019 to $81.3 billion as this asset class remains attractive to insurers…

NNR June 30, 2020

Ratings

Stock market volatility puts focus on equity price risking Japan’s non-life insurance market

HONG KONG: High common stock leverage among each of Japan’s major non-life insurers brings systematic equity price risk into greater consideration, given the current COVID-19-driven stock market volatility, according to…

NNR June 30, 2020

Ratings

U.S. insurance companies’ exposures to commercial mortgage loans crossed $522bn

OLDWICK: According to insurance sector rating agency AM Best, the U.S. life/annuity (L/A) insurance companies continued to increase their exposures to commercial mortgage loans in 2019 and now hold more…

NNR June 25, 2020