OLDWICK: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Slavonic Mutual Fire Insurance Association and its wholly owned subsidiary, Slavonic…
SINGAPORE: AM Best has affirmed the Financial Strength Rating of C (Weak) and the Long-Term Issuer Credit Rating of “ccc+” of Royal Insurance Corporation of Bhutan Limited. These ratings remain under review with negative implications. Concurrently, AM Best has withdrawn…
NEW YORK: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” of American National Insurance Company (ANICO), American National Life Insurance Company of Texas (ANTEX), American National…
OLDWICK: AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Oceanview Life and Annuity Company and its reinsurer affiliate, Oceanview Reinsurance Ltd. The outlook assigned to these…
TOKYO: Lifenet Insurance Company announced that Lifenet has concluded a comprehensive business alliance agreement with justInCase, Inc., which has received the first authorization to participate in regulatory sandbox system as a small-amount short-term insurer in Japan. Lifenet has entered this…
SYDNEY: PSC Insurance Group has announced the acquisition and completion of Carroll Insurance Group (CIG), a direct and wholesale broking business, operating in the Lloyd’s and London markets. CIG was acquired for £3.4 million (A$6.3 million), excluding net assets; 70%…
LONDON: In what could be a pivotal development for the insurance industry, insurers have encountered a range of influences that have raised the profile of illiquid assets on their balance sheets. In this context, AM Best recently surveyed Europe-based insurers…
DUBAI: Islamic Arab Insurance Company (SALAMA), listed on the Dubai Financial Market, has shown consistent growth in net profit over the last three quarters of 2019 and has reported 13.6% growth in gross contribution, attributing to a total of Dh901…
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…
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…
OLDWICK: AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of B (Fair) and the Long-Term ICR of “bb+” of The Order of United Commercial…
OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of Spirit Insurance Company and Radius Insurance Company. The outlook of these Credit Ratings is stable. The ratings reflect Spirit…