AM

AM Best Assigns Credit Ratings to Seguros e Inversiones S.A.

Friday, October 15, 2021 - 7:24pm

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Seguros e Inversiones S.A. (SISA) (El Salvador).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Seguros e Inversiones S.A. (SISA) (El Salvador).
  • 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 use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Assigns Credit Ratings to AXA Insurance (Gulf) B.S.C.(c)

Friday, October 15, 2021 - 5:48pm

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a (Excellent) to AXA Insurance (Gulf) B.S.C.

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a (Excellent) to AXA Insurance (Gulf) B.S.C.
  • On 7 September 2021, AXA Gulf announced that it had expanded its 32% stake in AXA Cooperative Insurance Company (AXA KSA) to 50%.
  • 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 Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Revises Outlooks to Stable for SNIC Insurance B.S.C. (c)

Friday, October 15, 2021 - 5:32pm

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and Long-Term Issuer Credit Rating of bbb- (Good) of SNIC Insurance B.S.C.

Key Points: 
  • AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and Long-Term Issuer Credit Rating of bbb- (Good) of SNIC Insurance B.S.C.
  • This revision also considers SNICs future operating performance, which is expected to continue benefiting from successful execution of its strategic plan.
  • In 2020, SNIC achieved a small underwriting profit following three years of technical losses between 2017 and 2019.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Affirms Credit Ratings of East Africa Reinsurance Company Limited

Friday, October 15, 2021 - 5:16pm

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb+ (Fair) of East Africa Reinsurance Company Limited (EARe) (Kenya).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb+ (Fair) of East Africa Reinsurance Company Limited (EARe) (Kenya).
  • The company has a presence in over 30 countries in Africa and Asia, with premium volumes skewed toward East African markets.
  • 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 Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Humboldt Re Limited

Friday, October 15, 2021 - 2:44pm

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Humboldt Re Limited (Humboldt Re) (Guernsey).

Key Points: 
  • AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Humboldt Re Limited (Humboldt Re) (Guernsey).
  • Concurrently, AM Best has withdrawn the Credit Ratings (ratings) as the company has requested to no longer participate in AM Bests interactive rating process.
  • 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 Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Assigns Credit Ratings to Richmond National Insurance Company

Friday, October 15, 2021 - 2:22pm

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Richmond National Insurance Company (Richmond National) (Concord, NH).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Richmond National Insurance Company (Richmond National) (Concord, NH).
  • 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 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.

AMUG Opens Registration for the 2022 AMUG Conference in Chicago, Illinois

Friday, October 15, 2021 - 1:00pm

MILWAUKEE, Oct. 15, 2021 /PRNewswire-PRWeb/ -- The Additive Manufacturing Users Group (AMUG) today announced that online registration is available for its 2022 AMUG Conference, which will be held in Chicago, Illinois, April 3-7, 2022.

Key Points: 
  • MILWAUKEE, Oct. 15, 2021 /PRNewswire-PRWeb/ -- The Additive Manufacturing Users Group (AMUG) today announced that online registration is available for its 2022 AMUG Conference, which will be held in Chicago, Illinois, April 3-7, 2022.
  • Carl Dekker, AMUG president, said, "AMUG builds the program for the conference, but our attendees make the experience unique and beneficial.
  • Building on the success of past agendas, AMUG is adjusting its 2022 conference program to deliver more training and hands-on experiences.
  • The advanced, all-inclusive conference registration fee is $995.00 (a 33-percent reduction) when signing up through January 7, 2022.

Optomec Delivers $1 Million Metal Additive System for Production Repair of Turbines

Thursday, October 14, 2021 - 9:14pm

The user is an existing customer with more than 5 Optomec Metal Additive systems being used in production to repair a range of turbine components from aircraft engines, as well as industrial gas turbines.

Key Points: 
  • The user is an existing customer with more than 5 Optomec Metal Additive systems being used in production to repair a range of turbine components from aircraft engines, as well as industrial gas turbines.
  • Optomecs Metal Additive repair solutions are the gold standard in the gas turbine industry and are currently used in high volume production in approximately 100 MRO installations worldwide.
  • A single machine has the capacity to repair 10,000s of turbine blades annually, and together Optomec users having performed production repairs on more than 10 million components over time.
  • Optomecs Metal Additive Manufacturing machines use a process called Directed Energy Deposition (DED) to build 3D metal parts by deposing powdered metal into a precisely controlled pool of melted metal.

Nick Boulle to Contend in the Indianapolis 8-hour Presented by AWS

Thursday, October 14, 2021 - 9:58pm

DALLAS, Oct. 14, 2021 /PRNewswire/ -- Nick Boulle of de Boulle, an independent jewelry salon in Dallas and Houston, makes his first foray into the Indianapolis 8-hour Presented by AWS on Sunday, October 17th.

Key Points: 
  • DALLAS, Oct. 14, 2021 /PRNewswire/ -- Nick Boulle of de Boulle, an independent jewelry salon in Dallas and Houston, makes his first foray into the Indianapolis 8-hour Presented by AWS on Sunday, October 17th.
  • "I am thrilled to be back in a racecar, even better a Porsche 911 GT3R," said Nick Boulle.
  • To be able to get back to driving at Indianapolis - the Brickyard - is a dream for me.
  • de Boulle was established in 1983 by Denis and Karen Boulle, de Boulle has assembled an unrivaled collection of diamonds, fine jewelry and timepieces unsurpassed for its elegance and depth in selection.

AM Best Withdraws Credit Ratings of Canadian Subsidiaries of Aviva plc

Thursday, October 14, 2021 - 8:38pm

Concurrently, AM Best has withdrawn the ratings as the companies have requested to no longer participate in AM Bests interactive rating process.

Key Points: 
  • Concurrently, AM Best has withdrawn the ratings as the companies have requested to no longer participate in AM Bests interactive rating process.
  • The ratings reflect the strategic importance of these subsidiaries to Aviva.
  • 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 Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .