Superior

AM Best Affirms Credit Ratings of PartnerRe Ltd. and Its Operating Subsidiaries

Retrieved on: 
木曜日, 2月 8, 2024
Banking, Professional Services, Insurance, Finance, Risk management, News, ICRS, Retirement, ALL, FSR, Credit, AM Best, Superior

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the operating subsidiaries of PartnerRe Ltd. (collectively referred to as PartnerRe).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the operating subsidiaries of PartnerRe Ltd. (collectively referred to as PartnerRe).
  • The ratings reflect PartnerRe’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, very favorable business profile and appropriate enterprise risk management.
  • 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 MetLife, Inc. and Its Life/Health Subsidiaries

Retrieved on: 
木曜日, 2月 8, 2024
Professional Services, Insurance, Finance, Geography, MetLife, News, Long-Term Capital Management, Good, History, ALL, GAAP, ERM, FSR, MET, Risk, Credit, AM Best, Superior, Security (finance)

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of Covéa Coopérations

Retrieved on: 
木曜日, 2月 8, 2024
Insurance, Professional Services, Risk management, News, Acquisition, ALL, Life, Credit, AM Best, Superior

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Covéa Coopérations (France), the intermediate operating holding company of Société de Groupe d’Assurance Mutuelle Covéa (Covéa or the group), a leading mutual insurance group in France.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Covéa Coopérations (France), the intermediate operating holding company of Société de Groupe d’Assurance Mutuelle Covéa (Covéa or the group), a leading mutual insurance group in France.
  • The outlook of these Credit Ratings (ratings) is stable.
  • 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 Assigns Credit Ratings to NYLIFE Insurance Company of Arizona

Retrieved on: 
水曜日, 2月 7, 2024
Banking, Professional Services, Insurance, Finance, Risk management, ERM, News, AM Best, Credit, ALL, Superior

AM Best has assigned a Financial Strength Rating of A++ (Superior) and a Long-Term Issuer Credit Rating of “aaa” (Exceptional) to NYLIFE Insurance Company of Arizona (NYLAZ) (Phoenix, AZ).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A++ (Superior) and a Long-Term Issuer Credit Rating of “aaa” (Exceptional) to NYLIFE Insurance Company of Arizona (NYLAZ) (Phoenix, AZ).
  • 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Upgrades Credit Ratings of Gerber Life Insurance Company; Affirms Credit Ratings of Certain Western & Southern Financial Group, Inc.’s Subsidiaries

Retrieved on: 
水曜日, 2月 7, 2024
Banking, Professional Services, Insurance, Finance, COVID-19, Growth, Mortality, Life, SF, ERM, News, Long-Term Capital Management, AM Best, FSR, Longevity, Credit, ALL, SF Group, Superior

Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa” (Superior) of The Western and Southern Life Insurance Company (WSLIC), Western-Southern Life Assurance Company, Columbus Life Insurance Company (Columbus Life), Integrity Life Insurance Company, National Integrity Life Insurance Company (Greenwich, NY) and The Lafayette Life Insurance Company (Lafayette Life).

Key Points: 
  • Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa” (Superior) of The Western and Southern Life Insurance Company (WSLIC), Western-Southern Life Assurance Company, Columbus Life Insurance Company (Columbus Life), Integrity Life Insurance Company, National Integrity Life Insurance Company (Greenwich, NY) and The Lafayette Life Insurance Company (Lafayette Life).
  • These companies have traditionally been the key life insurance and annuity carriers of Western & Southern Financial Group, Inc. (W&SF Group), and are referred to collectively for rating purposes as WSFG.
  • W&SF Group is an intermediate stock holding company of the ultimate parent company, Western & Southern Mutual Holding Company.
  • Finally, the ratings also recognize continued capital maintenance guarantees from WSLIC to certain insurance subsidiaries and its affiliate, Lafayette Life.

Exelixis Announces Fourth Quarter and Fiscal Year 2023 Financial Results and Provides Corporate Update

Retrieved on: 
火曜日, 2月 6, 2024
Biotechnology, Health, Pharmaceutical, Clinical Trials, Oncology, Molecule, Royalty payment, Conference, Liver disease, Calendar, Breast, Immunotherapy, RCC, PIN, ASCO, NHT, Progression-free survival, Safety, FDA, PLK4, ADC, ITT, PKMYT1, Associate, University, Baylor University, PARP, USP1, Society, Neck, Science, Acquisition, Biology, Superior, Huntsman Cancer Institute, Dean (education), Metastasis, PFS, Translational research, Drug development, Distinguishing, Head, Food, NET, Baylor College of Medicine, Cancer, Share repurchase, BIRC, OS, SCCHN, Neoplasm, Congress, National Cancer Institute, Abbreviated New Drug Application, Research, Docetaxel, Translation, Prostate cancer, Therapy, ESMO, Education, Experiment, Checkmate, Pharmaceutical industry

In 2023, global cabozantinib franchise net product revenues generated by Exelixis and its partners exceeded $2.2 billion.

Key Points: 
  • In 2023, global cabozantinib franchise net product revenues generated by Exelixis and its partners exceeded $2.2 billion.
  • Based upon cabozantinib-related net product revenues generated by Exelixis’ collaboration partners during the quarter and year ended December 31, 2023, Exelixis earned $40.7 million and $148.5 million, respectively, in royalty revenues.
  • In October 2023, detailed results were presented from the phase 3 CABINET pivotal trial at the 2023 ESMO Congress.
  • Exelixis management will discuss the company’s financial results for the fourth quarter and fiscal year of 2023 and provide a general business update during a conference call beginning at 5:00 p.m.

AM Best Places Credit Ratings of Nevada General Insurance Company Under Review With Negative Implications

Retrieved on: 
火曜日, 2月 6, 2024
Insurance, Professional Services, SSIC, News, AM Best, FSR, ICR, Credit, NGIC, Sale, ALL, Superior

AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Nevada General Insurance Company (NGIC) (Henderson, NV).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Nevada General Insurance Company (NGIC) (Henderson, NV).
  • These Credit Ratings (ratings) were placed under review with negative implications following a signed definitive agreement under which Southlake Specialty Insurance Company (SSIC) will acquire NGIC from its parent company, Western National Mutual Insurance Company.
  • 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 Assigns Issue Credit Rating to Greater New York Mutual Insurance Company’s Surplus Note

Retrieved on: 
火曜日, 2月 6, 2024
Insurance, Professional Services, Risk management, Credit rating, News, AM Best, Credit, ALL, GNY, Superior

AM Best has assigned a Long-Term Issue Credit Rating of “a” (Excellent) to the $110 million, 7.75% surplus notes, due 2044, issued by Greater New York Mutual Insurance Company (GNY) (New York, NY).

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of “a” (Excellent) to the $110 million, 7.75% surplus notes, due 2044, issued by Greater New York Mutual Insurance Company (GNY) (New York, NY).
  • The Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) for GNY and its subsidiaries remain unchanged.
  • 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.

Cooperative of American Physicians’ Mutual Protection Trust Earns 17th Consecutive A.M. Best A+ (Superior) Rating

Retrieved on: 
金曜日, 2月 2, 2024
MPT, CAP, Physician, Insurance, Superior

LOS ANGELES, Feb. 02, 2024 (GLOBE NEWSWIRE) -- The Cooperative of American Physicians, Inc. (CAP) announced that A.M. Best has reaffirmed its A+ (Superior) rating for the Mutual Protection Trust (MPT), California's second-largest provider of physician professional liability coverage.

Key Points: 
  • LOS ANGELES, Feb. 02, 2024 (GLOBE NEWSWIRE) -- The Cooperative of American Physicians, Inc. (CAP) announced that A.M. Best has reaffirmed its A+ (Superior) rating for the Mutual Protection Trust (MPT), California's second-largest provider of physician professional liability coverage.
  • MPT has consistently achieved this rating from A.M. Best since 2006.
  • A.M. Best once again recognized MPT for “maintaining the strongest level of risk-adjusted capitalization,” signifying its solid financial standing to withstand potential risks and uncertainties.
  • The A+ rating exemplifies MPT’s ongoing ability to fulfill its financial obligations to its nearly 13,000 physician members.

AM Best Revises Outlooks to Negative for Amica Mutual Insurance Company and Subsidiaries

Retrieved on: 
木曜日, 2月 1, 2024
Insurance, Professional Services, Amica Mutual Insurance, Amica, ERM, News, AM Best, FSR, Credit, ALL, Federal Home Loan Banks, Superior

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Amica Mutual Insurance Company (Amica Mutual) and its wholly owned subsidiary, Amica Property and Casualty Insurance Company (together known as Amica Mutual Group).

Key Points: 
  • AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Amica Mutual Insurance Company (Amica Mutual) and its wholly owned subsidiary, Amica Property and Casualty Insurance Company (together known as Amica Mutual Group).
  • At the same time, AM Best has revised the outlooks to negative from stable and affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa-” (Superior) of Amica Life Insurance Company (Amica Life), a wholly owned subsidiary of Amica Mutual.
  • The negative outlooks for Amica Mutual Group reflect the decline in its balance sheet strength, specifically a deterioration in risk-adjusted capitalization in recent years.
  • The negative outlooks for Amica Life follow that of Amica Mutual and reflect the potential removal of rating enhancement provided by the property/casualty parent.