Rating

AM Best Places Credit Ratings of Individual Assurance Company, Life, Health & Accident Under Review With Developing Implications

Retrieved on: 
Friday, June 7, 2019
Professional services, Insurance, Credit rating agencies, Economy, Credit, Credit rating, Rating, AM Best

AM Best has placed under review with developing implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of Individual Assurance Company, Life, Health & Accident (IAC) (Edmond, OK).

Key Points: 
  • AM Best has placed under review with developing implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of Individual Assurance Company, Life, Health & Accident (IAC) (Edmond, OK).
  • Oklahoma City-based LifeShield National is a life and accident and health insurance carrier operating primarily in the worksite accident and health market, but is growing its individual life business.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 LifeShield National Insurance Co. Under Review With Developing Implications

Retrieved on: 
Friday, June 7, 2019
Professional services, Insurance, Credit rating agencies, Economy, Credit, Credit rating, Rating, AM Best

AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of LifeShield National Insurance Co. (LifeShield National) (Oklahoma City, OK).

Key Points: 
  • AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb of LifeShield National Insurance Co. (LifeShield National) (Oklahoma City, OK).
  • The Credit Ratings (rating) actions reflect LifeShield Nationals recent announcement of its intent to acquire Individual Assurance Company, Life, Health & Accident (IAC).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Kinsale Insurance Company and Kinsale Capital Group, Inc.

Retrieved on: 
Thursday, June 6, 2019
Professional services, Insurance, Credit, Credit rating, Rating, Kinsale

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a- of Kinsale Insurance Company (Kinsale) (Little Rock, AR).

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 Kinsale Insurance Company (Kinsale) (Little Rock, AR).
  • Concurrently, AM Best has affirmed the Long-Term ICR of bbb- of Kinsale Capital Group, Inc. (Kinsale Capital) (headquartered in Richmond, VA) [NASDAQ: KNSL].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Issue Credit Rating to Liberty Mutual Group Inc.’s Forthcoming Senior Unsecured Notes

Retrieved on: 
Wednesday, June 5, 2019
Professional services, Finance, Insurance, Credit, Credit rating, Rating

AM Best has assigned the Long-Term Issue Credit Rating (Long-Term IR) of bbb to the forthcoming $350 million 4.5% senior unsecured notes, due 2049, recently announced by Liberty Mutual Group Inc. (LMGI) (Boston, MA).

Key Points: 
  • AM Best has assigned the Long-Term Issue Credit Rating (Long-Term IR) of bbb to the forthcoming $350 million 4.5% senior unsecured notes, due 2049, recently announced by Liberty Mutual Group Inc. (LMGI) (Boston, MA).
  • The outlook assigned to the Credit Rating (rating) is stable.
  • Following the senior unsecured notes issue, financial leverage and coverage measures will be supportive of the assigned ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .

AM Best Places Credit Ratings of Merit Life Insurance Co. Under Review with Developing Implications

Retrieved on: 
Wednesday, June 5, 2019
Professional services, Insurance, Credit rating agencies, Finance, Economy, Credit, Credit rating, Rating, AM Best

AM Best has placed under review with developing implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of Merit Life Insurance Co. (Merit) (Fort Worth, TX).

Key Points: 
  • AM Best has placed under review with developing implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of Merit Life Insurance Co. (Merit) (Fort Worth, TX).
  • The Credit Ratings of Merit, which were last updated in December 2018, were placed under review with developing implications due to the recent public disclosure by its parent, OneMain Holdings, Inc. (OneMain), of its intent to divest the entity.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 AMERISAFE, Inc. and Its Operating Subsidiaries

Retrieved on: 
Tuesday, June 4, 2019
Professional services, Banking, Finance, Insurance, Credit rating agencies, Finance, Economy, AM Best, Tewksbury Township, New Jersey, Credit rating, Rating

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

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • These ratings reflect AMERISAFE Insurance Groups balance sheet strength, which AM Best categorizes as strongest, as well as the groups strong operating performance, neutral business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Hamilton Re, Ltd.

Retrieved on: 
Friday, May 31, 2019
Professional services, Insurance, Finance, Credit rating agencies, Credit, Credit rating, Rating

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a- of Hamilton Re, Ltd. (Hamilton Re) (Bermuda).

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 Hamilton Re, Ltd. (Hamilton Re) (Bermuda).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 IRB-Brasil Resseguros S.A.

Retrieved on: 
Thursday, May 30, 2019
Professional services, Finance, Insurance, Credit rating agencies, Economy, Credit, AM Best, Tewksbury Township, New Jersey, Credit rating, Rating

The outlook of these Credit Ratings (ratings) has been revised to stable from positive.

Key Points: 
  • The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
  • The ratings reflect IRBs balance sheet strength, which AM Best categorizes as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Guardian Holdings Limited and Its Subsidiaries Under Review with Negative Implications

Retrieved on: 
Thursday, May 30, 2019
Professional services, Insurance, Credit rating agencies, Credit, Credit rating, Rating

AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a- of Guardian Life of the Caribbean Limited (GLOC) and Guardian General Insurance Limited (GGIL).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a- of Guardian Life of the Caribbean Limited (GLOC) and Guardian General Insurance Limited (GGIL).
  • Concurrently, AM Best has placed under review with negative implications the Long-Term ICR of bbb- of Guardian Holdings Limited (GHL), a publicly traded holding company and the parent of GLOC and GGIL.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Revises Issuer Credit Outlook to Negative for Blue Cross and Blue Shield of Vermont and Its Subsidiary

Retrieved on: 
Thursday, May 30, 2019
Professional services, Insurance, Credit, Credit rating, Rating

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 B++ (Good) and the Long-Term ICR of bbb+ of Blue Cross and Blue Shield of Vermont and its wholly owned subsidiary, The Vermont Health Plan, LLC.

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 B++ (Good) and the Long-Term ICR of bbb+ of Blue Cross and Blue Shield of Vermont and its wholly owned subsidiary, The Vermont Health Plan, LLC.
  • The Credit Ratings (ratings) reflect BCBSVT Groups balance sheet strength, which AM Best categorizes as strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management.
  • The revision of the Long-Term ICR outlook to negative from stable reflects AM Bests expectation that BCBSVT Groups risk-adjusted capital will remain under pressure in the medium to long term.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .