Credit rating agencies

AM Best Affirms Credit Ratings of UnipolSai Assicurazioni S.p.A.

Friday, July 10, 2020 - 8:26pm

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of UnipolSai Assicurazioni S.p.A. (UnipolSai) (Italy).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of UnipolSai Assicurazioni S.p.A. (UnipolSai) (Italy).
  • 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 Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Withdraws Credit Ratings of Western General Insurance Company

Friday, July 10, 2020 - 6:39pm

AM Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating to bb- from bb of Western General Insurance Company (Western General) (Calabasas, CA).

Key Points: 
  • AM Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating to bb- from bb of Western General Insurance Company (Western General) (Calabasas, CA).
  • Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Bests interactive rating process.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

KBRA Releases Research – U.S. Banks: Thinking Through the Great Unknown–Loan Losses in the Pandemic

Friday, July 10, 2020 - 5:55pm

Kroll Bond Rating Agency (KBRA) releases a research report that outlines our views on the current stresses facing the U.S. banking industry amid the ongoing economic challenges brought on by the coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a research report that outlines our views on the current stresses facing the U.S. banking industry amid the ongoing economic challenges brought on by the coronavirus (COVID-19) pandemic.
  • The report also dispels other areas of the balance sheet that, in KBRAs view, do not constitute areas of substantial risk, despite some recent market research to the contrary.
  • While banks are far less a part of the problem during the COVID-19 outbreak compared to the global financial crisis (GFC), KBRA believes uncertainty around the extent of expected loan losses over the course of the pandemic is weighing on investor sentiment.
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

AM Best Affirms Credit Ratings of SIAT-Società Italiana Assicurazioni e Riassicurazioni p.A.

Friday, July 10, 2020 - 4:18pm

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of SIAT-Societ Italiana Assicurazioni e Riassicurazioni p.A.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of SIAT-Societ Italiana Assicurazioni e Riassicurazioni p.A.
  • 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 Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Victoria Insurance Company JSC

Friday, July 10, 2020 - 4:08pm

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of Victoria Insurance Company JSC (Victoria) (Kazakhstan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of Victoria Insurance Company JSC (Victoria) (Kazakhstan).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Downgrades Credit Ratings of Kingstone Insurance Company and Kingstone Companies Inc.

Friday, July 10, 2020 - 2:15pm

Concurrently, AM Best has downgraded the Long-Term ICR to bb" from bbb- for Kingstone Companies Inc. (KINS) (Delaware) [NASDAQ: KINS], the insurance holding company of KICO.

Key Points: 
  • Concurrently, AM Best has downgraded the Long-Term ICR to bb" from bbb- for Kingstone Companies Inc. (KINS) (Delaware) [NASDAQ: KINS], the insurance holding company of KICO.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • 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 Enel Insurance N.V.

Friday, July 10, 2020 - 1:01pm

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Enel Insurance N.V. (EINV) (Netherlands), a captive of Enel SpA (Enel), a multinational electric utility company based in Italy.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Enel Insurance N.V. (EINV) (Netherlands), a captive of Enel SpA (Enel), a multinational electric utility company based in Italy.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Comments on Credit Ratings of The Allstate Corporation’s Insurance Subsidiaries After Announced Acquisition of National General Holdings Corp.

Thursday, July 9, 2020 - 11:38pm

The Allstate Corporation (AllCorp) has agreed to acquire NGHC for an estimated $4 billion in cash.

Key Points: 
  • The Allstate Corporation (AllCorp) has agreed to acquire NGHC for an estimated $4 billion in cash.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Places Credit Ratings of National General Holdings Corp. and Its Subsidiaries Under Review With Positive Implications

Thursday, July 9, 2020 - 11:20pm

For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

Key Points: 
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
  • Copyright 2020 by A.M. Best Rating Services, Inc. and/or its affiliates.

AM Best Revises Outlooks to Positive for the Members of BCS Financial Group

Thursday, July 9, 2020 - 9:29pm

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of the members of BCS Financial Group (BCS).

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of the members of BCS Financial Group (BCS).
  • These members include BCS Insurance Company, 4 Ever Life Insurance Company and 4 Ever Life International Limited.
  • The Credit Ratings (ratings) reflect the members balance sheet strength, which AM Best categorizes as strongest, as well as their adequate operating performance, limited business profile and appropriate enterprise risk management.
  • The revised outlooks reflect the strengthening of BCS business profile.