UK commercial property insurers looking beyond difficult 2020

LONDON: Although disputes around non-damage business interruption (BI) cover, which made 2020 a difficult year for U.K. commercial property insurers, should subside in 2021, challenges remain for a sector that…

NNR February 1, 2021

Ratings

Moody’s upgrades Sbanken ASA’s deposit rating to A2

OSLO: Moody's Investor Service has upgraded Sbanken's rating for long-term deposits to A2 from A3, with the outlook remaining – Positive. The upgrade is driving by the expectation that the…

NNR February 1, 2021

Ratings

Polyus’ MSCI ESG rating re-affirmed as A

LONDON: PJSC Polyus announced that MSCI has confirmed the Company's rating as an A for the second year in a row. In the report, MSCI highlights Polyus' leading position among…

NNR January 25, 2021

Ratings

Surge in telehealth usage as pandemic transforms health care delivery

A lack of reimbursement models and overall low usage by individuals and providers hindered telehealth adoption. NEW YORK: Year 2020 was arguably the most eventful year on record for telehealth…

NNR January 23, 2021

Ratings

Credit Ratings of Fidelity Life Assurance Company Limited

The stable outlook ratings reflect Fidelity Life’s balance sheet strength, which AM Best categorises as very strong. SINGAPORE: Based on its very strong balance sheet, Insurance sector rating agency AM…

NNR January 21, 2021

Ratings

Credit ratings of OneMain Holdings’ insurance subsidiaries

OLDWICK: Insurance sector raatng agency, AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of American Health and Life Insurance…

NNR January 21, 2021

Ratings

Fitch affirms QIIB strong rating at ‘A’ with a stable outlook

DOHA: Global credit rating agency Fitch published the Qatar International Islamic Bank (QIIB)’s full rating report which demonstrating the same QIIB’s strong rating at ‘A’ with a stable outlook. This…

NNR December 27, 2020

Ratings

Stable market segment outlook on U.S. personal lines insurance industry

Although AM Best expects the impact of COVID-19 to be manageable on personal lines insurers, numerous carriers in the segment still will be affected and longer-term macroeconomic influences are still…

NNR December 9, 2020

Ratings

Moody’s upgrades ITT Inc. ratings

WHITE PLAINS: Moody’s Investors Service upgraded its rating for ITT Inc. (NYSE: ITT) and its subsidiaries, including the company’s senior unsecured debt rating to Baa2 from Baa3, and its short-term…

NNR December 5, 2020

Ratings

Moody’s downgrades Standard Bank Group and Standard Bank of South Africa Limited

LONDON: Moody's Investors Service downgraded the long-term issuer rating of the holding company, Standard Bank Group Limited (SBG) from Ba2 to Ba3. The rating agency also downgraded The Standard Bank…

NNR November 27, 2020

Ratings

Moody’s downgrades Crown Resorts’ rating

MELBOURNE: Moody’s Investors Service (Moody’s) has downgraded Crown Resorts Limited (CWN) issuer rating from Baa2 to Baa3 and that the rating remains on review for downgrade. As a result of…

NNR November 20, 2020

Ratings

U.S. automobile insurance market benefits from reduced driving in Pandemic

Automobile claims frequency has declined slightly the last two years, and further improvement is likely over the near term owing to the sharp decline in miles driven because of the…

NNR November 19, 2020