Credit rating

AM Best Affirms Credit Ratings of Investors Title Company and Its Subsidiaries

Retrieved on: 
Friday, August 16, 2019

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a of the two subsidiaries of Investors Title Company (ITIC) [NASDAQ: ITIC]: Investors Title Insurance Company and National Investors Title Insurance Company (Austin, TX).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a of the two subsidiaries of Investors Title Company (ITIC) [NASDAQ: ITIC]: Investors Title Insurance Company and National Investors Title Insurance Company (Austin, TX).
  • These subsidiaries collectively are referred to as Investors Title Company Group (ITC Group).
  • 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 Assurant, Inc.’s New Senior Unsecured Notes

Retrieved on: 
Friday, August 16, 2019

AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to the $350 million 3.7% 10 -year senior unsecured notes due Feb. 22, 2030 issued by Assurant, Inc. (Assurant) (headquartered in New York, NY) [NYSE: AIZ].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of bbb+ to the $350 million 3.7% 10 -year senior unsecured notes due Feb. 22, 2030 issued by Assurant, Inc. (Assurant) (headquartered in New York, NY) [NYSE: AIZ].
  • The outlook assigned to this Credit Rating (rating) 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 Affirms Credit Ratings of Tokio Marine & Nichido Fire Insurance Co., Ltd. and Its US Subsidiaries

Retrieved on: 
Friday, August 16, 2019

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa+ of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) (Japan) and its U.S. subsidiaries.

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+ of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) (Japan) and its U.S. subsidiaries.
  • AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of aa- of Tokio Marine Pacific Insurance Limited (TMPI) (Guam), a wholly owned subsidiary of TMNF.
  • 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 Rating Outlook to Negative for Members of Columbian Financial Group

Retrieved on: 
Thursday, August 15, 2019

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 Columbian Mutual Life Insurance Company (Binghamton, NY) and Columbian Life Insurance Company (Chicago, IL), collectively referred to as Columbian Financial Group (CFG).

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 Columbian Mutual Life Insurance Company (Binghamton, NY) and Columbian Life Insurance Company (Chicago, IL), collectively referred to as Columbian Financial Group (CFG).
  • The negative Long-Term ICR outlook reflects the significant decline in CFGs risk-adjusted capitalization, as measured by Bests Capital Adequacy Ratio (BCAR).
  • 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 Downgrades Credit Ratings of Westminster American Insurance Company

Retrieved on: 
Friday, August 16, 2019

AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to a- from a of Westminster American Insurance Company (Westminster) (Owings Mills, MD).

Key Points: 
  • AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to a- from a of Westminster American Insurance Company (Westminster) (Owings Mills, MD).
  • The outlook of these Credit Ratings (ratings) remains 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 Affirms Credit Ratings of China BOCOM Insurance Company Limited

Retrieved on: 
Thursday, August 15, 2019

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).
  • The ratings reflect CBICs balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited 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 Assigns Issue Credit Rating to Lincoln National Corporation’s Forthcoming Senior Unsecured Notes

Retrieved on: 
Thursday, August 15, 2019

AM Best has assigned a Long-Term Issue Credit Rating of a- to the forthcoming $500 million 3.05% senior unsecured notes due Jan. 15, 2030, to be issued by Lincoln National Corporation (LNC) (Fort Wayne, IN).

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of a- to the forthcoming $500 million 3.05% senior unsecured notes due Jan. 15, 2030, to be issued by Lincoln National Corporation (LNC) (Fort Wayne, IN).
  • The senior notes are being issued in order to refinance upcoming maturities, through a partial cash tender offer.
  • 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 Credit Ratings to Clear Spring Property and Casualty Company; Downgrades Credit Ratings of Lackawanna Casualty Company and Other Subsidiaries

Retrieved on: 
Wednesday, August 14, 2019

AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a- to Clear Spring Property and Casualty Company (Clear Spring).

Key Points: 
  • AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a- to Clear Spring Property and Casualty Company (Clear Spring).
  • Clear Spring is domiciled in Dallas, TX, while the three Lackawanna companies are domiciled in Wilkes-Barre, PA.
  • The ratings assigned to Clear Spring reflect the companys role as a member of the group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .

AM Best Affirms Credit Ratings of Reinsurance Group of America, Incorporated and Its Subsidiaries

Retrieved on: 
Wednesday, August 14, 2019

AM Best also has affirmed the Long-Term ICR of a- and all Long-Term Issue Credit Ratings (Long-Term IR) on the debt securities and indicative shelf ratings of Reinsurance Group of America, Incorporated (Chesterfield, MO) [NYSE: RGA].

Key Points: 
  • AM Best also has affirmed the Long-Term ICR of a- and all Long-Term Issue Credit Ratings (Long-Term IR) on the debt securities and indicative shelf ratings of Reinsurance Group of America, Incorporated (Chesterfield, MO) [NYSE: RGA].
  • 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 Assigns Issue Credit Rating to Hallmark Financial Services, Inc.’s New Senior Unsecured Notes

Retrieved on: 
Wednesday, August 14, 2019

AM Best has assigned a Long-Term Issue Credit Rating of bbb- to the $50 million 6.25% 10-year senior unsecured notes due August 2029 issued by Hallmark Financial Services, Inc. (Hallmark Financial) (headquartered in Dallas, TX) [NASDAQ: HALL].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of bbb- to the $50 million 6.25% 10-year senior unsecured notes due August 2029 issued by Hallmark Financial Services, Inc. (Hallmark Financial) (headquartered in Dallas, TX) [NASDAQ: HALL].
  • AM Best expects Hallmark Financial to use the proceeds from this offering to retire the $30 million outstanding under its revolving credit facility.
  • 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 .