ICRS

AM Best Affirms Credit Ratings of PartnerRe Ltd. and Its Operating Subsidiaries

Retrieved on: 
Thursday, February 8, 2024

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 the operating subsidiaries of PartnerRe Ltd. (collectively referred to as PartnerRe).

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 the operating subsidiaries of PartnerRe Ltd. (collectively referred to as PartnerRe).
  • The ratings reflect PartnerRe’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, very favorable business profile and appropriate enterprise risk management.
  • 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 Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Assigns Credit Ratings to Coverys Limited

Retrieved on: 
Friday, February 2, 2024

AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) to Coverys Limited (COVL) (United Kingdom).

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” (Excellent) to Coverys Limited (COVL) (United Kingdom).
  • 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 Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

ReLive Biotechnologies Announces NDA Approval of SpheChon 10-70 spheroids/cm² by the HSA in Singapore, Marking a Milestone in ReLive’s Global Endeavors

Retrieved on: 
Tuesday, January 23, 2024

This approval is a testament to ReLive's commitment to advancing regenerative cell therapies and marks a significant step in expanding our global reach.

Key Points: 
  • This approval is a testament to ReLive's commitment to advancing regenerative cell therapies and marks a significant step in expanding our global reach.
  • SpheChon represents a major advancement in cell therapy for cartilage repair, offering new hope and enhanced treatment options by using the patients’ own cells to regain an active life.
  • This approval by HSA reflects ReLive’s dedication to upholding the highest standards of safety, efficacy, and quality in our innovative treatment solutions.
  • Quote from ReLive’s CEO, Dr. Xing Zhao: “The approval in Singapore is more than just a regulatory milestone.

AM Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.

Retrieved on: 
Thursday, January 11, 2024

RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt.

Key Points: 
  • RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt.
  • Hawley Insurance Company and Contractors Bonding and Insurance Company (CBIC).
  • AM Best also affirmed the Long-Term Issuer Credit Ratings (ICR) for each RLI company.
  • The RLI Corp. ICR of “a” (Excellent) was affirmed and the ICRs of “aa” (Superior) have been affirmed for the following subsidiaries: RLI Insurance Company, Mt.

AM Best Assigns Credit Ratings to New Members of Builders Insurance Group

Retrieved on: 
Wednesday, December 20, 2023

AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” (Excellent) to the new members of Builders Insurance Group.

Key Points: 
  • AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” (Excellent) to the new members of Builders Insurance Group.
  • The new members include Crossroads Insurance Company (CIC), Georgia Builders Insurance Company (GBIC) and United Builders Insurance Company (UBIC).
  • The ratings of established members of the Builders Insurance Group remain unchanged with an FSR of A (Excellent) and Long-Term ICRs of “a” (Excellent), each with a stable outlook.
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Downgrades Issuer Credit Ratings of Employers Mutual Casualty Company and Certain Subsidiaries; Affirms Financial Strength Ratings

Retrieved on: 
Friday, November 3, 2023

In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of EMC National Life Company (EMCNL).

Key Points: 
  • In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of EMC National Life Company (EMCNL).
  • The outlook of these Credit Ratings (ratings) is stable.
  • EMCC and its subsidiaries are domiciled in Des Moines, IA, except for Dakota Fire Insurance Company, which is domiciled in Bismarck, ND.
  • The ratings of EMCNL reflect its balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate ERM.

AM Best Affirms Credit Ratings of MAPFRE S.A.’s Rated Operating Subsidiaries

Retrieved on: 
Wednesday, October 18, 2023

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of MAPFRE S.A.’s (MAPFRE) rated operating subsidiaries.

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+” (Excellent) of MAPFRE S.A.’s (MAPFRE) rated operating subsidiaries.
  • The outlook of these Credit Ratings (ratings) is stable.
  • The ratings reflect MAPFRE’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
  • MAPFRE’s operating performance is strong, demonstrated by the 10-year (2013-2022) weighted average return-on-equity and combined ratios of 10.6% and 96.5%, respectively (as calculated by AM Best).

AM Best Affirms Credit Ratings of NCMIC Group’s Members; Revises Issuer Credit Rating Outlook to Stable

Retrieved on: 
Friday, September 15, 2023

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and Long-Term ICRs of “a+” (Excellent) of the members of NCMIC Group (NCMIC).

Key Points: 
  • AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and Long-Term ICRs of “a+” (Excellent) of the members of NCMIC Group (NCMIC).
  • NCMIC consists of NCMIC Insurance Company, Professional Solutions Insurance Company and NCMIC Risk Retention Group, Inc. All companies are headquartered in Clive, IA.
  • The Credit Ratings (ratings) reflect NCMIC’s balance sheet strength, which AM Best assesses 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 Guide to Best's Credit Ratings .

ALLOSOURCE ANNOUNCES POSTER FEATURING PROCHONDRIX CR OSTEOCHONDRAL ALLOGRAFT CLINICAL OUTCOMES AT THE 17TH INTERNATIONAL CARTILAGE REGENERATION & JOINT PRESERVATION SOCIETY (ICRS) WORLD CONGRESS

Retrieved on: 
Friday, September 8, 2023

ProChondrix CR Cryopreserved Osteochondral Allograft is a single-stage, cryopreserved, articular cartilage allograft.

Key Points: 
  • ProChondrix CR Cryopreserved Osteochondral Allograft is a single-stage, cryopreserved, articular cartilage allograft.
  • The poster titled, "ProChondrix® CR Prospective Clinical Outcomes for the Repair of Focal Articular Cartilage Defects in the Knee" evaluates the prospective clinical outcomes of patients who received ProChondrix CR in focal cartilage lesions of the patella and femoral condyle of the knee.
  • "This ICRS poster showcases the promising results surgeons are having treating their patients with ProChondrix CR," said Carolyn Rorick, AlloSource Senior Director Product Development, Innovation and Clinical Affairs.
  • For additional detail on ProChondrix CR's clinical outcomes visit the ICRS poster showcase or E-Poster online #208.

AM Best Downgrades Credit Ratings of Germania Farm Mutual Insurance Association and Core Subsidiaries

Retrieved on: 
Tuesday, August 15, 2023

AM Best has downgraded the Financial Strength Rating (FSR) to B (Fair) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “a-” (Excellent) of Germania Farm Mutual Insurance Association and its subsidiaries: Germania Fire & Casualty Company, Germania Insurance Company and Germania Select Insurance Company.

Key Points: 
  • AM Best has downgraded the Financial Strength Rating (FSR) to B (Fair) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “a-” (Excellent) of Germania Farm Mutual Insurance Association and its subsidiaries: Germania Fire & Casualty Company, Germania Insurance Company and Germania Select Insurance Company.
  • Concurrently, AM Best has downgraded the FSR to B (Fair) from B++ (Good) and the Long-Term ICR to bb+ (Fair) from “bbb+” (Good) of Germania Property & Casualty Insurance Company (GPC), a wholly owned subsidiary of Germania Farm Mutual Insurance Association.
  • Additionally, AM Best has downgraded the FSR to B (Fair) from B++ (Good) and the Long-Term ICR to bb+ (Fair) from “bbb+” (Good) of Germania Life Insurance Company (Germania Life).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .