SINGAPORE: New India Assurance, having ultimate majority ownership by the Government of India, is exposed to high market risk arising from a notable allocation to domestic equity investments, with market value fluctuations amid the COVID-19 pandemic. It has resulted in elevated volatility in the company’s reported shareholders’ equity in recent years. New India Assurance is…
All posts tagged Financial Strength Rating
Next Insurance US gets financial strength rating of A-
OLDWICK: Based on its very strong balance sheet and appropriate enterprise risk management, global insurance sector rating agency, AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Next Insurance US Company, headquartered in Palo Alto, CA. The outlook assigned to these Credit Ratings…
Moody’s affirms CNP Assurances’ financial strength rating
PARIS: Credit rating agency Moody’s has affirmed its financial strength and subordinated notes ratings for CNP Assurances despite the unprecedented health and financial crisis. As previously, the A1 financial strength rating (with stable outlook) for the Group does not include any specific uplift linked to CNP Assurances’ shareholding structure. In its press release published on…
Care West Insurance Company assigned financial strength rating of A-
OLDWICK: AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Care West Insurance Company. The outlook assigned to these Credit Ratings is stable. The ratings reflect Care West’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating…
AM Best upgrades issuer credit ratings of South Carolina Farm Bureau Group members
OLDWICK: Insurance sector rating agency, AM Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating of “B++” of South Carolina Farm Bureau Mutual Insurance Company and Palmetto Casualty Insurance Company. The outlook of these Credit Ratings remains stable. Both companies are domiciled in Cayce-West Columbia, SC.…
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 affirms ratings of Anthem Inc. and its subsidiaries
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 the core Blue Cross Blue Shield-branded insurance subsidiaries of Anthem, Inc.. The outlook of these Credit Ratings is stable. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+”, the Long-…
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…
Credit ratings of operating subsidiaries of MGIC Investment Corporation affirmed
OLDWICK: AM Best has affirmed the financial strength rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of certain operating subsidiaries of MGIC Investment Corporation, which are Mortgage Guaranty Insurance Corporation, MGIC Indemnity Corporation, MGIC Assurance Corporation and MGIC Reinsurance Corporation of Wisconsin. The outlook of these Credit Ratings is stable. The…
AM Best affirms financial strength rating of Emirates Insurance
OLDWICK: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Emirates Insurance Company (EIC). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect EIC’s balance sheet strength, which AM Best categorises as very strong, as well as its strong operating performance,…