Credit rating

AM Best Affirms Credit Ratings of Virginia Surety Seguros de México, S.A. de C.V.

Thursday, February 25, 2021 - 9:11pm

The ratings also reflect the companys balance sheet strength assessed at a strong level since it began operations in Mexico.

Key Points: 
  • The ratings also reflect the companys balance sheet strength assessed at a strong level since it began operations in Mexico.
  • VSSM is a subsidiary of Virginia Surety Company, Inc., a general underwriting entity part of The Warranty Group, Inc.
  • 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 Assurant Daños México, S.A. and Assurant Vida México, S.A.

Thursday, February 25, 2021 - 8:29pm

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 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 Assigns Credit Ratings to Town & Country Life Insurance Company

Thursday, February 25, 2021 - 7:45pm

AM Best has assigned a Financial Strength Rating of B+ (Good) and Long Term Issuer Credit Rating of bbb- to Town & Country Life Insurance Company (Town & Country) (Salt Lake City, Utah).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B+ (Good) and Long Term Issuer Credit Rating of bbb- to Town & Country Life Insurance Company (Town & Country) (Salt Lake City, Utah).
  • Town & Country maintains the strongest level of risk-adjusted capitalization, as measured by AM Bests Capital Adequacy Ratio (BCAR), for its insurance and investment risks.
  • 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 .

ESG Concerns In Oil And Gas Sectors Led To A Surge In Downgrade Pressure In January, Report Finds

Thursday, February 25, 2021 - 4:29pm

This was owing to environmental, social, and government (ESG) concerns as many governments formally endorse adoption and transition to renewable energy alternatives.

Key Points: 
  • This was owing to environmental, social, and government (ESG) concerns as many governments formally endorse adoption and transition to renewable energy alternatives.
  • Specifically, this led to nine issuers on our list being placed on CreditWatch with negative implications, temporarily boosting downgrade pressure, which has largely subsided since.
  • Downgrade risk continues to soften in the two sectors as we anticipate a deceleration in the pace of downgrades this year, though it remains elevated.
  • Potential downgrades are issuers rated 'AAA' to 'B-' by S&P Global Ratings with either negative rating outlooks or ratings on CreditWatch with negative implications.

AM Best Assigns Credit Ratings to Eureka-Re SCC

Wednesday, February 24, 2021 - 9:20pm

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ to Eureka-Re SCC (Eureka) (Barbados).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ to Eureka-Re SCC (Eureka) (Barbados).
  • 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 Assigns Credit Ratings to Wakefield Insurance Company, LLC

Wednesday, February 24, 2021 - 4:34pm

AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of a- to Wakefield Insurance Company, LLC (Wakefield) (Nashville, TN).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of a- to Wakefield Insurance Company, LLC (Wakefield) (Nashville, TN).
  • 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 Assigns Issue Credit Rating to Manulife Financial Corporation’s Limited Recourse Capital Notes

Wednesday, February 24, 2021 - 4:34pm

AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to the CAD 2.0 billion, 3.375% Limited Recourse Capital Notes Series 1 (the Notes) due June 19, 2081, recently issued by Manulife Financial Corporation (MFC) (Toronto, Canada).

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to the CAD 2.0 billion, 3.375% Limited Recourse Capital Notes Series 1 (the Notes) due June 19, 2081, recently issued by Manulife Financial Corporation (MFC) (Toronto, Canada).
  • AM Best expects that MFCs financial leverage will continue to remain within AM Best guidelines for its current rating.
  • 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 specializing in the insurance industry.

AM Best Assigns Credit Ratings to Shanghai Electric Insurance Limited

Wednesday, February 24, 2021 - 4:23pm

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Shanghai Electric Insurance Limited (SEIL) (Hong Kong).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Shanghai Electric Insurance Limited (SEIL) (Hong Kong).
  • 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 Affirms Credit Ratings of Jacana Re Limited

Wednesday, February 24, 2021 - 3:30pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Jacana Re Limited (Jacana Re) (Guernsey).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Jacana Re Limited (Jacana Re) (Guernsey).
  • The ratings reflect Jacana Res balance sheet strength, which AM Best assesses as very strong, as well as its strong 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 Affirms Credit Ratings of Nagico Holdings Limited’s Main Operating Subsidiaries

Tuesday, February 23, 2021 - 5:31pm

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of bbb+ of the two operating subsidiaries of Nagico Holdings Limited: National General Insurance Corporation (NAGICO) N.V. (St. Maarten) and Nagico Insurance Company Limited (Anguilla).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of bbb+ of the two operating subsidiaries of Nagico Holdings Limited: National General Insurance Corporation (NAGICO) N.V. (St. Maarten) and Nagico Insurance Company Limited (Anguilla).
  • The ratings of NAGICO Group reflect its balance sheet strength, which AM Best assesses 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 .