ERM

AM Best Affirms Credit Ratings of Tokio Marine Canada Ltd.

Retrieved on: 
Giovedì, Maggio 9, 2024
Banking, Professional Services, Insurance, Finance, TMC, News, Credit, AM Best, ERM, ALL, Risk management

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Tokio Marine Canada Ltd. (TMC) (Toronto, ON).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Tokio Marine Canada Ltd. (TMC) (Toronto, ON).
  • Finally, the ratings consider implicit and explicit support provided by Tokio Marine Holdings, Inc. (TMHD), and its lead insurance operating company, Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), and the affiliation between TMNF’s U.S. subsidiaries.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Downgrades Credit Ratings of Everlake Life Group Members

Retrieved on: 
Giovedì, Maggio 9, 2024
Insurance, Professional Services, News, Credit, AM Best, Superior, Environment, ERM, Acquisition, ALL, Growth, FSR

AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” (Excellent) from “aa-” (Superior) of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group (Everlake Life).

Key Points: 
  • AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” (Excellent) from “aa-” (Superior) of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group (Everlake Life).
  • The outlook of these Credit Ratings (ratings) has been revised to stable from negative.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of Homesteaders Life Company

Retrieved on: 
Giovedì, Maggio 9, 2024
Other Professional Services, Professional Services, Insurance, Investment, News, Federal Home Loan Banks, Credit, AM Best, ERM, Good, ALL

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Homesteaders Life Company (Homesteaders) (West Des Moines, IA).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Homesteaders Life Company (Homesteaders) (West Des Moines, IA).
  • The ratings reflect Homesteaders’ balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Riskonnect Named RMIS Leader by Redhand Advisors for Seventh Consecutive Year

Retrieved on: 
Martedì, Maggio 7, 2024
Software, Data Analytics, Human Resources, Consulting, Data Management, Professional Services, Technology, Security, Risk, Safety, Policy, IRM, EH, Health, Insurance, EH&S, Risk management, RMIS, ERM, GRC

Riskonnect , the leader in integrated risk management (IRM) solutions, today announced its naming as a leader in Redhand Advisors’ 2024 RMIS Report .

Key Points: 
  • Riskonnect , the leader in integrated risk management (IRM) solutions, today announced its naming as a leader in Redhand Advisors’ 2024 RMIS Report .
  • This is the seventh consecutive year the provider has been recognized by Redhand Advisors.
  • Riskonnect was evaluated across various product and user experience criteria and recognized for its strong ability to deliver for customers and the comprehensiveness of its solution offering.
  • Scoring is based on extensive user feedback, vendor-supplied information, and the expertise and experience of Redhand Advisors’ team.

AM Best Revises Issuer Credit Rating Outlook to Negative and Affirms Credit Ratings of Members of Builders Mutual Insurance Group

Retrieved on: 
Venerdì, Maggio 3, 2024
Banking, Professional Services, Insurance, Finance, News, Credit, AM Best, ERM, Builder, ALL, FSR

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 (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of Builders Mutual Insurance Company and Builders Premier Insurance Company, collectively referred to as Builders Mutual Insurance Group (Builders Mutual) (Raleigh, NC).

Key Points: 
  • 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 (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of Builders Mutual Insurance Company and Builders Premier Insurance Company, collectively referred to as Builders Mutual Insurance Group (Builders Mutual) (Raleigh, NC).
  • Serving residential home builders and commercial construction builders, Builders Mutual’s footprint encompasses seven other states mostly located in the Southeast USA.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of New Zealand Medical Indemnity Insurance Limited

Retrieved on: 
Giovedì, Maggio 2, 2024
Professional Services, Insurance, Finance, ROE, News, Risk, Health New Zealand, Credit, AM Best, Communication, ERM, Good, ALL

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of New Zealand Medical Indemnity Insurance Limited (NZMII) (New Zealand).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of New Zealand Medical Indemnity Insurance Limited (NZMII) (New Zealand).
  • AM Best assesses NZMII’s business profile as limited given its position as a small and niche insurer in New Zealand providing medical indemnity insurance to medical practitioners and health professionals.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of Donegal Insurance Group Members and Donegal Group Inc.

Retrieved on: 
Giovedì, Maggio 2, 2024
Insurance, Professional Services, Long-Term Capital Management, Credit, AM Best, History, Risk management, ERM, Loss, Good, FSR, Reinsurance

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of Donegal Insurance Group (Donegal Group).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of Donegal Insurance Group (Donegal Group).
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of the publicly traded holding company, Donegal Group Inc. (Delaware) [NASDAQ: DGICA and DGICB].
  • The outlook of these Credit Ratings (ratings) is stable.
  • The FSR of A (Excellent) and the Long Term ICRs of “a” (Excellent) have been affirmed, with stable outlooks for the following members of Donegal Insurance Group:

AM Best Downgrades Issuer Credit Rating of Western Mutual Insurance Pool’s Members, Affirms Financial Strength Rating

Retrieved on: 
Giovedì, Maggio 2, 2024
Insurance, Professional Services, News, Risk, Policy, California Department, Credit, ICR, Western Mutual Insurance Group, AM Best, Wind, ERM, ALL

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Western Mutual Insurance Pool’s members: Western Mutual Insurance Company, Residence Mutual Insurance Company and Arizona Home Insurance Company (Scottsdale, AZ) (collectively referred to as Western Mutual).

Key Points: 
  • AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Western Mutual Insurance Pool’s members: Western Mutual Insurance Company, Residence Mutual Insurance Company and Arizona Home Insurance Company (Scottsdale, AZ) (collectively referred to as Western Mutual).
  • Mitigating water-related losses is a central focus as Western Mutual continues to tighten underwriting guidelines and refine the risk portfolio.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of Blue Whale Re Ltd.

Retrieved on: 
Giovedì, Maggio 2, 2024
Insurance, Professional Services, Blue whale, News, Credit, AM Best, Reinsurance, PFE, ERM, Perception, ALL

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Blue Whale Re Ltd. (Blue Whale) (Burlington, VT).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Blue Whale Re Ltd. (Blue Whale) (Burlington, VT).
  • The ratings also reflect Blue Whale’s function as the only captive insurer for Pfizer Inc. (Pfizer) [NYSE: PFE], a global pharmaceutical company.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of Euro Accident Livförsäkring AB

Retrieved on: 
Giovedì, Maggio 2, 2024
Banking, Professional Services, Insurance, Finance, News, Credit, AM Best, Euro, Life, ERM, ALL, Risk management

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Euro Accident Livförsäkring AB (Euro Accident) (Sweden).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Euro Accident Livförsäkring AB (Euro Accident) (Sweden).
  • The ultimate parent of Euro Accident is Impilo AB, a Swedish investment firm focused on Nordic healthcare investments.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .