Credit rating agency

AM Best Revises Issuer Credit Outlook to Positive for Jackson National Life Insurance Company and Its Affiliates

Retrieved on: 
Tuesday, November 1, 2022
Insurance, Professional Services, MI, Long-Term Capital Management, Growth, Credit, JNL, News, Industry, AM Best, JNG, Good, Risk management, FSR, AM, Credit rating agency, ALL, Insurance, Security (finance)

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York, and its direct parent, Brook Life Insurance Company.

Key Points: 
  • AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York, and its direct parent, Brook Life Insurance Company.
  • AM Best also has revised the outlook to positive from stable and affirmed the Long-Term ICR of a (Excellent) of Jackson National Life Global Funding, as well as the Long-Term ICR of bbb (Good) of Jackson Financial Inc. (Delaware).
  • 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 Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries

Retrieved on: 
Friday, October 21, 2022
Banking, Professional Services, Insurance, Finance, News, Insurance, Long-Term Capital Management, Sale, AM Best, AM, Income, Credit rating agency, Superior, Geography, Farmer's Exchange, Industry, FSR, Credit, Zurich Insurance Group, ALL, Farmer, USD, Asset/liability modeling, ERM, Risk management, Bank

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 main rated insurance subsidiaries of Zurich Insurance Group Ltd (Zurich) (Switzerland).

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 main rated insurance subsidiaries of Zurich Insurance Group Ltd (Zurich) (Switzerland).
  • At the same time, AM Best has affirmed the Long-Term ICR of a (Excellent) of Zurich (a non-operating holding company).
  • 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 specialising in the insurance industry.

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Aegis Security Insurance Company

Retrieved on: 
Thursday, October 6, 2022
Professional Services, Insurance, Finance, Sentinel, News, Insurance, AM, Review, AM Best, Credit rating agency, Aegis, Industry, FSR, Credit, Good, ALL, Risk management

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bbb+ (Good) of Aegis Security Insurance Company (Aegis) (Harrisburg, PA).

Key Points: 
  • AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bbb+ (Good) of Aegis Security Insurance Company (Aegis) (Harrisburg, PA).
  • The Credit Ratings (ratings) reflect Aegis balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
  • The ratings were placed under review initially due to AM Bests concerns regarding prospective balance sheet strength and shifting premium volumes.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Downgrades Issuer Credit Rating of Cameron Mutual Insurance Company

Retrieved on: 
Friday, August 19, 2022
Insurance, Professional Services, Insurance, Credit, Credit rating agency, ICR, ALL, ERM, AM, News, Algorithm, AM Best, Weather, Industry, FSR, Review, Risk management

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bb (Fair) from bb+ (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance Company (Cameron Mutual) (Cameron, MO).

Key Points: 
  • AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bb (Fair) from bb+ (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance Company (Cameron Mutual) (Cameron, MO).
  • The Credit Ratings (ratings) reflect Cameron Mutuals balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management (ERM).
  • 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.

Falcon Capital Advisors Expands Leadership Team to Accelerate Growth

Retrieved on: 
Thursday, August 4, 2022
Public relations, CoreLogic, FCA, Technology, Burley Griffin Way, Government, Founder, Risk management, Strategic planning, Program, Vice, Credit rating agency, Private sector, Federation, Quality control, Solution, Housing, Bond credit rating, Management

"We are pleased to welcome Natisha and Walter to the team and to elevate Ken in an expanded role," said Armando Falcon, Chairman and Chief Executive Officer of Falcon Capital Advisors.

Key Points: 
  • "We are pleased to welcome Natisha and Walter to the team and to elevate Ken in an expanded role," said Armando Falcon, Chairman and Chief Executive Officer of Falcon Capital Advisors.
  • Dawson brings more than 20 years of finance and leadership expertise to Falcon.
  • Yoo has more than 25 years of senior leadership experience in banking, housing finance, consulting risk management and regulatory oversight.
  • Falcon Capital Advisors (FCA) is a Washington, D.C.-based business and technology advisory firm that provides strategic advice, technical expertise and engagement execution to financial institutions and government agencies.

AM Best Affirms Credit Ratings of Global Atlantic Financial Group Limited and Its Subsidiaries

Retrieved on: 
Thursday, July 14, 2022
Insurance, Professional Services, News, KKR, Distortion, Credit rating agency, Insurance, FSR, Good, Risk management, AM, Bermuda, Industry, AM Best, Risk, Growth, Long-term care insurance, ALL, Credit

Together, these subsidiaries are referred to collectively as Global Atlantic Group (Global Atlantic).

Key Points: 
  • Together, these subsidiaries are referred to collectively as Global Atlantic Group (Global Atlantic).
  • AM Best also has affirmed the Long-Term ICR of bbb (Good) of Global Atlantic Financial Group Limited (Bermuda).
  • The Credit Ratings (ratings) reflect Global Atlantics balance sheet strength, which AM Best assesses as very strong, 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 .

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
Other Professional Services, Fleet Management, Insurance, Data Analytics, Automotive, Other Automotive, Professional Services, General Automotive, Insurance, Review, Credit, Industry, AM, Credit rating agency, Risk, ALL, Credit rating, AM Best, News, Risk management

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.

Global Times: BRICS summit displays the potential of a new future

Retrieved on: 
Friday, June 24, 2022
Shift, 2nd BRIC summit, First Nations in Ontario, Credit rating agency, Institutionalisation, United Nations, Research, Top Five, New Development Bank, Frederick S. Pardee School of Global Studies, Timeline of World War II, Canadian Global Affairs Institute, Boston University, Population, World Bank, University of British Columbia, Woodrow Wilson International Center for Scholars, Public health, Underdevelopment, UN, World, Association, New South, Creativity, University, North–South divide in the World, Jawaharlal Nehru University, International law, Human, Climate change, Family, Wool, Global Times, NDB, G20, Motor vehicle, Renewable energy, Old Europe, BRICS

A new edition of the BRICS Summit took place on Thursday, where leaders of BRICS countries met virtually to discuss the current global situation.

Key Points: 
  • A new edition of the BRICS Summit took place on Thursday, where leaders of BRICS countries met virtually to discuss the current global situation.
  • In addition to being large countries in terms of population, land mass and economic activity, the BRICS countries to a certain extent represent wide geographical regions.
  • With China actively supporting both the expansion of BRICS and the development of "BRICS Plus," the BRICS family is set to become an indispensable forum for the collective interests of developing and emerging countries.
  • This year's BRICS summit has displayed the potential of a new future.

AM Best Upgrades Issuer Credit Ratings of Delta Dental of California and Its Affiliates

Retrieved on: 
Thursday, June 23, 2022
Banking, Professional Services, Insurance, Finance, Credit rating agency, Association, Industry, CARE Act, FSR, Credit, DDP, Culture, ALL, ICR, DDC, Materiality, Long-term care insurance, Insurance, ASO, Medicare, AM, Supreme court, Provisions of the Affordable Care Act, Program, Delta Dental, ERM, News, ROE, Risk management, DE, ROR, AM Best, Risk, Airline, Health insurance, Medicaid

AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to a+ (Excellent) from a (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Delta Dental of California (DDC) (San Francisco, CA), and its affiliates, Delta Dental Insurance Company (Wilmington, DE), Delta Dental of Pennsylvania (DDP) (Mechanicsburg, PA) and Delta Dental of New York, Inc. (New York, NY).

Key Points: 
  • AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to a+ (Excellent) from a (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Delta Dental of California (DDC) (San Francisco, CA), and its affiliates, Delta Dental Insurance Company (Wilmington, DE), Delta Dental of Pennsylvania (DDP) (Mechanicsburg, PA) and Delta Dental of New York, Inc. (New York, NY).
  • The Credit Ratings (ratings) reflect Delta Dental of California Groups balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
  • Delta Dental of California Group has maintained the strongest level of risk-adjusted capitalization, as measured by Bests Capital Adequacy Ratio (BCAR).
  • Delta Dental of California Group continues to report favorable profitability metrics versus its selected peers and the benchmark.

AM Best Downgrades Credit Ratings for EmblemHealth, Inc.’s Insurance Subsidiaries

Retrieved on: 
Friday, June 3, 2022
Insurance, Professional Services, ERM, Program, Insurance, Greater New York, EmblemHealth, News, Organization, FSR, HIP, Long-Term Capital Management, AM Best, Credit rating agency, COVID-19, AM, Financial services, Credit, New York State Department of Financial Services, ICR, Industry, Marginal, ALL, Risk management

The Credit Ratings (ratings) of EmblemHealth Group (EmblemHealth) reflect its balance sheet strength, which AM Best assesses as very weak, as well as its marginal operating performance, neutral business profile and marginal enterprise risk management (ERM).

Key Points: 
  • The Credit Ratings (ratings) of EmblemHealth Group (EmblemHealth) reflect its balance sheet strength, which AM Best assesses as very weak, as well as its marginal operating performance, neutral business profile and marginal enterprise risk management (ERM).
  • 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.