LONDON: Global credit rating agency, news publisher and data analytics provider, AM Best has said that from an operational point of view, the United Kingdom’s departure from the European Union on 31 January 2020 will have little immediate impact on insurers in the U.K. and EU that it rates. However, it adds that trade negotiations…
Tag: AM Best
Comments on credit ratings of ARABIA Insurance Company
BEIRUT: AM Best has commented that the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Lebanon based ARABIA Insurance Company (AIC), both with a negative outlook, remain unchanged despite the increased social, political and economic uncertainty in Lebanon. In October 2019, demonstrations spread across Lebanon, rapidly…
AM Best maintains U.S. commercial lines insurance market outlook at stable
NEW YORK: AM Best has maintained a market segment outlook of stable on the U.S. commercial lines industry for 2020, citing factors such as improved market conditions and solid levels of risk-adjusted capitalization that have helped insurers weather short-term profitability challenges. A new Best’s Market Segment Report, titled, “Market Segment Outlook: U.S. Commercial Lines,” notes…
AM Best upgrades ratings of Petroleum Marketers Management Insurance Company
OLDWICK: AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Petroleum Marketers Management Insurance Company. The outlook of these Credit Ratings has been revised to stable from positive. The ratings reflect PMMIC’s balance sheet strength, which AM Best categorizes…
AM Best affirms credit ratings of KB Insurance Co and Fubon Insurance Co
HONG KONG: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of KB Insurance Co., Ltd. of South Korea. The outlook of these Credit Ratings is stable. The ratings reflect KBI’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate…
AM Best affirms credit ratings of Atradius Seguros de Crédito, S.A.
MEXICO CITY: AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” and the Mexico National Scale Rating of “aaa.MX” of Atradius Seguros de Crédito, S.A. The outlook of these Credit Ratings (ratings) is stable. Atradius Mexico is a member of the Atradius group, which…
AM Best affirms credit ratings of MetLife, Inc. and its subsidiaries
OLDWICK: AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the New York based Metropolitan Life Insurance Company (MLIC) and Metropolitan Tower Life Insurance Company, collectively referred to as MetLife Insurance Group. Additionally, AM Best has affirmed the Long-Term ICR of…
Mexico insurance industry outlook stable: AM Best
MEXICO CITY: The AM Best rating company is maintaining a stable market segment outlook on Mexico’s insurance market. The stable outlook is based on the strong balance sheets of the insurance companies operating in the country, backed by robust reinsurance programs, according to a new AM Best report. A new Best’s Market Segment Report, titled,…
AM Best affirms credit ratings of Caribbean Alliance Insurance Company
OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Caribbean Alliance Insurance Company Limited (CAIC). The outlook of these Credit Ratings is stable. The ratings reflect CAIC’s balance sheet strength, which AM Best categorizes as strongest, as well as its strong operating performance,…
AM Best affirms credit ratings of Marble Reinsurance Corporation
HONG KONG: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Marble Reinsurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect Marble Re’s balance sheet strength, which AM Best categorizes as strong, as well as its strong operating performance, neutral…
AM Best affirms credit ratings of BF&M Group
OLDWICK: 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 BF&M Life Insurance Company Limited (BF&M Life), BF&M General Insurance Company Limited (BF&M General) and Island Heritage Insurance Company. Furthermore, AM Best has affirmed the FSR of A- (Excellent) and the…
AM Best revises outlooks to negative for Kansas City Life Insurance Company
NEW YORK: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Kansas City Life Insurance Company. Concurrently, AM Best has revised the outlooks to negative from stable and affirmed the FSR of A-…