Credit rating agencies

AM Best Assigns Credit Ratings to Genesis Global Insurance (SAC) Ltd.

Retrieved on: 
Friday, July 9, 2021
Insurance, Professional services, Finance, Credit rating agencies, Money, Economy, AM Best, Credit rating, Dagong Global Credit Rating

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Genesis Global Insurance (SAC) Ltd. (Genesis) (Nassau, Bahamas).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Genesis Global Insurance (SAC) Ltd. (Genesis) (Nassau, Bahamas).
  • 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 Upgrades Issuer Credit Rating of GBG Insurance Limited

Retrieved on: 
Friday, July 9, 2021
Insurance, Professional services, Credit rating agencies, Finance, Money, AM Best, Credit rating

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb+ (Good) from bbb (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of GBG Insurance Limited (GIL) (Guernsey).

Key Points: 
  • AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb+ (Good) from bbb (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of GBG Insurance Limited (GIL) (Guernsey).
  • The Credit Ratings (ratings) reflect the GBG groups balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Revises Outlooks to Positive, Affirms Credit Ratings of Quálitas Compañía de Seguros S.A. de C.V.

Retrieved on: 
Friday, July 9, 2021
Insurance, Professional services, Finance, Money, Credit rating agencies, Economy, Credit, Actuarial science, Auditing, Enterprise risk management, Information technology audit, AM Best, Credit rating

These Credit Ratings (ratings) reflect Qulitas balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

Key Points: 
  • These Credit Ratings (ratings) reflect Qulitas balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
  • The positive outlooks reflect Qulitas continued improvement of its risk-adjusted capitalization over the past four years.
  • 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 Golden Tree Reinsurance Limited

Retrieved on: 
Friday, July 9, 2021
Insurance, Professional services, Finance, Credit rating agencies, Actuarial science, Money, Economy, Auditing, Enterprise risk management, Information technology audit, Internal audit, AM Best, Credit rating, Reinsurance

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- (Good) of Golden Tree Reinsurance Limited (Golden Tree) (Bermuda).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- (Good) of Golden Tree Reinsurance Limited (Golden Tree) (Bermuda).
  • The ratings reflect Golden Trees balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
  • 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 Upgrades Credit Ratings of AvMed, Inc.

Retrieved on: 
Friday, July 9, 2021
Insurance, Professional services, Credit rating agencies, AM Best, Credit rating, Economy

These Credit Ratings (ratings) reflect AvMed, Inc.s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.

Key Points: 
  • These Credit Ratings (ratings) reflect AvMed, Inc.s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
  • 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 Boston Indemnity Company, Inc. Under Review With Developing Implications

Retrieved on: 
Friday, July 9, 2021
Insurance, Professional services, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Insurance

AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Boston Indemnity Company, Inc. (BIC), headquartered in Houston, TX.

Key Points: 
  • AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Boston Indemnity Company, Inc. (BIC), headquartered in Houston, TX.
  • BICs Credit Ratings (ratings) were placed under review with developing implications following an agreement on the sale of BIC from Great Midwest Insurance Company, a subsidiary of Skyward Specialty Insurance Group Inc., to Ascot Insurance Company, a member of the Ascot group.
  • 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 La Colonial, S.A. - Compañía de Seguros

Retrieved on: 
Friday, July 9, 2021
Insurance, Professional services, Credit rating agencies, Spanish West Indies, Countries, Finance, Spanish Empire, AM Best, Tewksbury Township, New Jersey, Credit rating, Dominican Republic, Santo Domingo

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of La Colonial, S.A. Compaa de Seguros (La Colonial) (Santo Domingo, Dominican Republic).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of La Colonial, S.A. Compaa de Seguros (La Colonial) (Santo Domingo, Dominican Republic).
  • La Colonial is the fourth-largest insurance company in the Dominican Republic, with a 9.2% market share as of September 2020.
  • 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 Places Credit Ratings of Fidelity Life Assurance Company Limited Under Review With Developing Implications

Retrieved on: 
Friday, July 9, 2021
Banking, Professional services, Insurance, Finance, Credit rating agencies, Credit, AM Best, Tewksbury Township, New Jersey, Economy, Insurance, Credit rating

The transaction also includes the establishment of an exclusive 15-year life insurance distribution arrangement with Westpac New Zealand Limited.

Key Points: 
  • The transaction also includes the establishment of an exclusive 15-year life insurance distribution arrangement with Westpac New Zealand Limited.
  • The ratings will remain under review pending completion of the acquisition, and until AM Best can complete its assessment of Fidelity Lifes post-acquisition credit rating fundamentals.
  • 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 Maintains Under Review With Developing Implications Status for Credit Ratings of Partners Life Limited

Retrieved on: 
Friday, July 9, 2021
Other Professional Services, Professional services, Insurance, Credit rating agencies, AM Best, Insurance

These Credit Ratings (ratings) were placed under review with developing implications on 18 December 2020, following the announcement that Partners Life had entered into an agreement with National Australia Bank Limited to acquire its New Zealand life insurance business, including BNZ Life Insurance Limited.

Key Points: 
  • These Credit Ratings (ratings) were placed under review with developing implications on 18 December 2020, following the announcement that Partners Life had entered into an agreement with National Australia Bank Limited to acquire its New Zealand life insurance business, including BNZ Life Insurance Limited.
  • The ratings will remain under review pending completion of the transaction and until AM Best can complete its assessment of Partners Lifes post-acquisition credit rating fundamentals.
  • 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 Maintains Under Review With Negative Implications Status for Credit Ratings of BNZ Life Insurance Limited

Retrieved on: 
Friday, July 9, 2021
Professional services, Insurance, Finance, Credit rating agencies, Bank of New Zealand, National Australia Bank, AM Best, Companies, Business organizations, Service companies

These Credit Ratings (ratings) were placed under review with negative implications on 18 December 2020, following the announcement that National Australia Bank Limited, BNZ Lifes ultimate parent, had entered into an agreement to sell its New Zealand life insurance business, including BNZ Life, to Partners Life Limited (Partners Life).

Key Points: 
  • These Credit Ratings (ratings) were placed under review with negative implications on 18 December 2020, following the announcement that National Australia Bank Limited, BNZ Lifes ultimate parent, had entered into an agreement to sell its New Zealand life insurance business, including BNZ Life, to Partners Life Limited (Partners Life).
  • The ratings will remain under review pending completion of the transaction and until AM Best can complete its assessment of BNZ Lifes post-acquisition credit rating fundamentals.
  • 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 .