Credit rating

AM Best Assigns Issue Credit Rating to MetLife, Inc.’s New Senior Unsecured Notes

Retrieved on: 
Wednesday, July 13, 2022

AM Best has assigned a Long-Term Issue Credit Rating of a- (Excellent) to the newly issued $1 billion, 5% senior unsecured notes due July 15, 2052, issued by MetLife, Inc. (MetLife) (headquartered in New York, NY) [NYSE: MET].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of a- (Excellent) to the newly issued $1 billion, 5% senior unsecured notes due July 15, 2052, issued by MetLife, Inc. (MetLife) (headquartered in New York, NY) [NYSE: MET].
  • The outlook assigned to this Credit Rating (rating) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • 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 Western Health Advantage Under Review With Developing Implications

Retrieved on: 
Tuesday, July 12, 2022

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- (Good) of Western Health Advantage (WHA) (Sacramento, CA).

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- (Good) of Western Health Advantage (WHA) (Sacramento, CA).
  • This Credit Rating (rating) action follows several consecutive quarters of reported operating losses and related declines in capitalization during fiscal-year 2022.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of Massachusetts Mutual Life Insurance Company and Its Subsidiaries

Retrieved on: 
Friday, July 8, 2022

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa+ (Superior) of Massachusetts Mutual Life Insurance Company (MassMutual) (domiciled in Springfield, MA) and its life/health subsidiaries, C.M.

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+ (Superior) of Massachusetts Mutual Life Insurance Company (MassMutual) (domiciled in Springfield, MA) and its life/health subsidiaries, C.M.
  • Life Insurance Company and MML Bay State Life Insurance Company (both domiciled in Enfield, CT).
  • Furthermore, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of bbb+ (Good) of Manhattan National Life Insurance Company (Manhattan Life), a life insurance subsidiary of GALIC.
  • 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 Topa Insurance Company and Dorchester Insurance Company, Ltd. Under Review with Negative Implications

Retrieved on: 
Thursday, July 7, 2022

AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Topa Insurance Company (Calabasas, CA) and its subsidiary, Dorchester Insurance Company, Ltd. (U.S. Virgin Islands).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Topa Insurance Company (Calabasas, CA) and its subsidiary, Dorchester Insurance Company, Ltd. (U.S. Virgin Islands).
  • These companies, which collectively are referred to as Topa Insurance Group (Topa), are wholly owned subsidiaries of Topa Equities, Ltd.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Assigns Issuer Credit Rating to Sammons Financial Group Global Funding

Retrieved on: 
Thursday, June 16, 2022

AM Best has assigned a Long-Term Issuer Credit Rating of aa- (Superior) to Sammons Financial Group Global Funding (SFG Global Funding) (Delaware).

Key Points: 
  • AM Best has assigned a Long-Term Issuer Credit Rating of aa- (Superior) to Sammons Financial Group Global Funding (SFG Global Funding) (Delaware).
  • The outlook assigned to this Credit Rating (rating) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • 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 Cathay Century Insurance Company Limited Under Review With Negative Implications

Retrieved on: 
Thursday, June 2, 2022

However, AM Best expects the total claims amount will continue to develop and may potentially lead to a capital event for the company.

Key Points: 
  • However, AM Best expects the total claims amount will continue to develop and may potentially lead to a capital event for the 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 use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best to Participate at the 2022 ICMIF Meeting of Reinsurance Officials

Retrieved on: 
Monday, May 16, 2022

AM Best will participate at the International Cooperative and Mutual Insurance Federations (ICMIF) Meeting of Reinsurance Officials (MORO), which takes place 16-18 May 2022 in Wiesbaden, Germany.

Key Points: 
  • AM Best will participate at the International Cooperative and Mutual Insurance Federations (ICMIF) Meeting of Reinsurance Officials (MORO), which takes place 16-18 May 2022 in Wiesbaden, Germany.
  • Dr Angela Yeo, senior director, analytics and head of operations, AM Best, will join a panel discussion on the state of the global reinsurance industry.
  • AM Best currently holds a stable market segment outlook on the global reinsurance industry given the positive pricing momentum, enhanced market discipline, including tighter terms and conditions, and a growing demand for reinsurance capacity.
  • Yeo joined AM Best in 2018 and has nearly three decades of experience in the insurance and reinsurance industries.

AM Best Places Credit Ratings of Gulf Guaranty Life Insurance Company Under Review With Negative Implications

Retrieved on: 
Friday, April 22, 2022

AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ (Good) of Gulf Guaranty Life Insurance Company (Gulf Guaranty Life) (Flowood, MS).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ (Good) of Gulf Guaranty Life Insurance Company (Gulf Guaranty Life) (Flowood, MS).
  • This Credit Rating (rating) action reflects a significant deterioration of Gulf Guaranty Lifes capital and surplus and risk-adjusted capitalization at year-end 2021, driven by an operating loss.
  • The ratings will remain under review pending reserve development toward mid-2022 and potential measures management is implementing to curb premium growth.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Places Credit Ratings of National Life and General Insurance Company SAOG Under Review With Positive Implications

Retrieved on: 
Tuesday, April 19, 2022

The rating action reflects the positive impact AM Best expects the transaction to have on NLGICs business profile.

Key Points: 
  • The rating action reflects the positive impact AM Best expects the transaction to have on NLGICs business profile.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Assigns Issue Credit Rating to Sammons Financial Group, Inc.’s Senior Unsecured Notes

Retrieved on: 
Tuesday, April 12, 2022

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of a- (Excellent) to Sammons Financial Group, Inc.s (SFG, Inc.) (Delaware) recently announced $500 million 4.75% senior unsecured notes due 2032.

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of a- (Excellent) to Sammons Financial Group, Inc.s (SFG, Inc.) (Delaware) recently announced $500 million 4.75% senior unsecured notes due 2032.
  • AM Best notes that SFG Inc.s financial leverage will increase modestly to approximately 18%, which is well within AM Bests guidelines for its current rating.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.