Rating

AM Best Comments on Credit Ratings of Hallmark Financial Services, Inc. and Its Subsidiaries Following Leadership Change Announcement

Monday, January 18, 2021 - 1:43pm

Concurrently, the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term ICRs of a- of the members of Hallmark Insurance Group (Hallmark Group) also remain unchanged.

Key Points: 
  • Concurrently, the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term ICRs of a- of the members of Hallmark Insurance Group (Hallmark Group) also remain unchanged.
  • The outlook of these Credit Ratings (ratings) remains negative.
  • 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 Park Assurance Company

Thursday, January 14, 2021 - 4:40pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Park Assurance Company (Park) (Colchester, VT).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Park Assurance Company (Park) (Colchester, VT).
  • 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 Equitable Holdings, Inc. and Its Life Subsidiaries

Wednesday, January 13, 2021 - 10:04pm

Additionally, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of bbb of Equitable Financial Life and Annuity Company (Equitable Financial Life & Annuity) (Englewood, CO).

Key Points: 
  • Additionally, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of bbb of Equitable Financial Life and Annuity Company (Equitable Financial Life & Annuity) (Englewood, CO).
  • AM Best has also affirmed the Long-Term ICR of bbb+ of Equitable Holdings, Inc. (headquartered in New York, NY) and all of its Long-Term Issue Credit Ratings (Long-Term IR).
  • 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 EyeMed Insurance Company

Thursday, January 7, 2021 - 8:11pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a of EyeMed Insurance Company (EIC) (Phoenix, AZ).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a of EyeMed Insurance Company (EIC) (Phoenix, AZ).
  • The ratings consider EICs strategic importance to EssilorLuxottica S.A., as well as the comprehensive operational support provided by its parent company.
  • 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 Assigns Credit Ratings to OCIL Specialty Ltd

Tuesday, December 22, 2020 - 4:24pm

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to OCIL Specialty Ltd (OSL) (Bermuda).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to OCIL Specialty Ltd (OSL) (Bermuda).
  • The outlook assigned to 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 Members of ProSight Specialty Group

Thursday, December 17, 2020 - 8:45pm

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

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • The ratings reflect ProSight Specialty Groups balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral 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 Affirms Credit Ratings of The Progressive Corporation and Its Members

Wednesday, December 16, 2020 - 10:10pm

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa for members of The Progressive Corporation (Progressive) (Mayfield Village, OH).

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 for members of The Progressive Corporation (Progressive) (Mayfield Village, OH).
  • Additionally, AM Best has affirmed the Long-Term ICR of a for Progressive, the parent holding company, and all Long-Term Issue Credit Ratings (Long-Term IR) on Progressives senior and preferred stock issuances.
  • The outlook of these Credit Ratings (ratings) is stable.
  • The FSR of A+ (Superior) and the Long-Term ICRs of aa have been affirmed with stable outlooks for the following members of The Progressive Corporation:

AM Best Affirms Credit Ratings of Independence Holding Company and Its Subsidiaries

Wednesday, December 16, 2020 - 8:28pm

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- for the subsidiaries of Independence Holding Company (collectively referred to as Independence Holding Company Group or the group) (headquartered in Stamford, CT) [NYSE:IHC].

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- for the subsidiaries of Independence Holding Company (collectively referred to as Independence Holding Company Group or the group) (headquartered in Stamford, CT) [NYSE:IHC].
  • Concurrently, AM Best has affirmed the Long-Term ICR of bbb- of Independence Holding Company.
  • The ratings reflect Independence Holding Company Groups balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
  • 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 Revises Outlooks to Stable for Employers Holdings, Inc. and Its Subsidiaries

Tuesday, December 15, 2020 - 7:57pm

Concurrently, AM Best has revised the outlooks to stable from positive and affirmed the Long-Term ICR of bbb- and the indicative Long-Term Issue Credit Ratings (Long-Term IR) of Employers Holdings, Inc. (EHI) [NYSE:EIG], the publicly traded ultimate parent of Employers.

Key Points: 
  • Concurrently, AM Best has revised the outlooks to stable from positive and affirmed the Long-Term ICR of bbb- and the indicative Long-Term Issue Credit Ratings (Long-Term IR) of Employers Holdings, Inc. (EHI) [NYSE:EIG], the publicly traded ultimate parent of Employers.
  • The Credit Ratings (ratings) reflect Employers balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
  • The change in the outlooks to stable also reflects the lingering uncertainty of the challenging macroeconomic environment.
  • 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 African Reinsurance Corporation

Tuesday, December 15, 2020 - 5:51pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of African Reinsurance Corporation (ARC) (Nigeria).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of African Reinsurance Corporation (ARC) (Nigeria).
  • 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 .