HONG KONG: Global insurance sector agency, AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Shanghai Electric Insurance Limited (SEIL). The outlook assigned to these Credit Ratings is stable, a news release said. Incorporated in 2018 in Hong Kong, SEIL is a single-parent captive…
Category: Ratings
Corporate Ratings, Insurance Ratings, S&P, Moody’s, Fitch
Moody’s raises the outlook for Coface to stable
PARIS: The rating agency Moody’s, on 10th February 2021, has confirmed the financial strength rating (Insurance Financial Strength – IFS) for Coface at A2. The agency has also raised the outlook for Coface, which is now stable. Almost one year since the beginning of the coronavirus pandemic and the associated health and economic crisis, Moody’s…
Signs for U.S. economic rebound encouraging despite lingering uncertainty
NEW YORK: Global insurance sector rating agency, AM Best expects modest economic growth for the first half of 2021, as signs for U.S. economic rebound are encouraging despite lingering uncertainty. In its Best’s Special Report, “2021: Transitioning to a New Normal,” AM Best states that risks to the economic forecast are related mainly to the…
Outlook for insurance subsidiaries of United Heritage Financial Group revised to positive
OLDWICK: Insurance sector rating agency, AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of United Heritage Life Insurance Company (UHLIC). Concurrently, AM Best has revised the outlooks to positive from stable and affirmed…
Outlook for Crusader Insurance Company and Unico American Corporation revised to negative
OLDWICK: Global rating agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Crusader Insurance Company. Additionally, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of “bb”…
Credit Ratings of Custodian and Allied Insurance Limited
LONDON: AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Nigeria based Custodian and Allied Insurance Limited (CAI), a wholly owned non-life subsidiary of Custodian Investment Plc. The outlook of these ratings is stable. The ratings reflect CAI’s balance sheet strength, which AM Best…
AM Best affirms Ratings of Mercury Insurance Group on strong balance sheet, operating performance
OLDWICK: AM Best has affirmed credit ratings of Mercury Casualty Group’s members and Mercury General Corporation based on strong balance sheet, operating performance, neutral business profile and appropriate enterprise risk management (ERM). AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of…
AM Best withdraws ratings of First Assurance Life of America, Performance Life of America and Versant Life Insurance
OLDWICK: Insurance sector rating agency, AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of First Assurance Life of America, Performance Life of America and Versant Life Insurance Company. The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in…
Economic outlook for New Zealand remains uncertain: AM Best
SINGAPORE: The economic outlook for New Zealand remains uncertain despite an as of yet successful response to the pandemic, AM Best, a global credit rating agency, news publisher and data analytics provider, noted in a report New Zealand’s life insurance market is being tested by regulatory developments and a pandemic fuelled economic downturn, with the…
AM Best removes from under review, upgrades ratings of insurance companies
OLDWICK: Global rating agency AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating (FSR) to A++ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa+” from “a” of Life Insurance Company of North America and Cigna Life Insurance Company of New York. The…
AM Best
Founded in 1899, AM Best is the world’s first credit rating agency. It all began with the founder working out of a one-room office in New York City and grew to become what is now the largest credit rating agency in the world specializing in the insurance industry. Headquartered in the United States, the company…
Fitch revises Sabra’s outlook to stable; Fitch and S&P affirm Sabra’s credit ratings
IRVINE: Sabra Health Care REIT Inc. (Nasdaq: SBRA) announced today that Fitch Ratings has revised its rating outlook for Sabra to Stable from Negative and that both Fitch and S&P Global Ratings affirmed the ratings for Sabra’s debt as ‘BBB-‘. Fitch notes in its report that its affirmation of Sabra’s ratings and revision to Stable…