AM

AM Best Assigns Credit Ratings to La Capitale General Insurance Inc., La Capitale Civil Service Insurer Inc.; Affirms Credit Ratings of Certain Beneva Inc. Subsidiaries

Retrieved on: 
Friday, September 23, 2022
Insurance, Professional Services, SSQ, VIP, ICR, ERM, Credit, News, Industry, La Capitale, AM Best, AM, FSR, Long-term care insurance, Insurance, ALL, Risk management, Unica, La Capitale (company)

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 La Capitale General Insurance Inc. (La Capitale General Insurance).

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 La Capitale General Insurance Inc. (La Capitale General Insurance).
  • In addition, AM Best has assigned an FSR of A (Excellent) and a Long-Term ICR of a (Excellent) to La Capitale Civil Service Insurer Inc. (La Capitale Civil Service Insurer).
  • La Capitale Civil Service Insurer operates as a generalist within the individual insurance, group insurance, savings, personal lines and commercial product lines.
  • The ratings of La Capitale Civil Service Insurer, La Capitale General Insurance, Unica and LUnique consider the benefit that each entity receives operating as part of the larger Beneva organization in support of the common business strategy.

AM Best Assigns Credit Ratings to Jet Insurance Company

Retrieved on: 
Friday, September 23, 2022
Insurance, Professional Services, Credit, Growth, News, Industry, AM Best, AM, Risk management, Insurance, ALL, Good, Jet

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Jet Insurance Company (Jet) (Charlotte, NC).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Jet Insurance Company (Jet) (Charlotte, NC).
  • Jet was formed in 2018 as a property/casualty insurance company specialized in writing surety and fidelity bonds.
  • 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 Downgrades Issuer Credit Rating of Sompo International Holdings Ltd.; Affirms Issue Credit Ratings on Debt Issuances

Retrieved on: 
Friday, September 23, 2022
Insurance, Professional Services, Credit, SIH, News, Industry, AM Best, AM, Insurance, ALL, Security (finance), Public utility

Sompo International Holdings Ltd.—
-- “a-” (Excellent) on $335 million 7% senior unsecured notes, due 2034 (issued by Endurance Specialty Holdings Ltd. and guaranteed by Sompo International Holdings Ltd.)
-- “a-” (Excellent) on $300 million 4.7% senior unsecured notes, due 2022 (issued by Montpelier Re Holdings Ltd. and guaranteed by Sompo International Holdings Ltd.)

Key Points: 
  • AM Best has downgraded the Long-Term Issuer Credit Rating of Sompo International Holdings Ltd. (SIH) (Pembroke, Bermuda) from a (Excellent) to a- (Excellent).
  • The downgrade is to harmonize the intermediate holding company Credit Ratings (ratings) of SIH with the Financial Strength Ratings of Sompo Japan Insurance Inc. (The ratings of the insurance operating companies of SIH.
  • Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of a- (Excellent), which are guaranteed by SIH.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Assigns Credit Ratings to Seguros Reservas S.A.

Retrieved on: 
Friday, September 23, 2022
Banking, Professional Services, Insurance, Finance, Income, ERM, Credit, Seguros Universal, Life, News, Industry, AM Best, AM, Risk management, Insurance, ALL, Dominican

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Seguros Reservas S.A. (Seguros Reservas) (Santo Domingo, Dominican Republic).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Seguros Reservas S.A. (Seguros Reservas) (Santo Domingo, Dominican Republic).
  • The ratings reflect Seguros Reservas 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 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 Affirms Credit Ratings of Saturn Insurance Inc.

Retrieved on: 
Friday, September 23, 2022
Banking, Professional Services, Insurance, Finance, Credit, WC, Growth, Investment, News, Industry, BP, AM Best, AM, Risk management, Insurance, ALL, BP P.L.C. v. Mayor and City Council of Baltimore

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Saturn Insurance Inc. (Saturn) (Burlington, VT).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Saturn Insurance Inc. (Saturn) (Burlington, VT).
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • 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 Affirms Credit Ratings of Jupiter Insurance Limited

Retrieved on: 
Friday, September 23, 2022
Insurance, Professional Services, Credit, Investment, News, Industry, BP, USD, AM Best, AM, Risk management, Insurance, Overalls, ALL

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Jupiter Insurance Limited (Jupiter) (Guernsey), a captive of BP p.l.c.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Jupiter Insurance Limited (Jupiter) (Guernsey), a captive of BP p.l.c.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • 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 Revises Outlooks to Negative for Polskie Towarzystwo Reasekuracji S.A.

Retrieved on: 
Friday, September 23, 2022
Insurance, Professional Services, Income, ERM, Commonwealth, Credit, Fairfax Financial, Pressure, News, Industry, USD, AM Best, AM, FSR, Insurance, ALL, PLN, Risk management

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a- (Excellent) of Polskie Towarzystwo Reasekuracji S.A. (Polish Re) (Poland).

Key Points: 
  • AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a- (Excellent) of Polskie Towarzystwo Reasekuracji S.A. (Polish Re) (Poland).
  • AM Best will monitor the companys risk-adjusted capitalisation, and negative rating actions could follow if BCAR is not maintained at a level supportive of the current balance sheet strength assessment.
  • AM Best considers Polish Res ERM to be developed and appropriate for the companys risk profile and operational scope.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Assigns Credit Ratings to NEIL Overseas Designated Activity Company

Retrieved on: 
Friday, September 23, 2022
Professional Services, Insurance, Finance, Credit, Association, News, Industry, Investor, AM Best, AM, Nuclear Electric Insurance Limited, Risk management, Insurance, ALL, Union

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a+ (Excellent) to NEIL Overseas Designated Activity Company (NEIL Overseas) (Ireland).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a+ (Excellent) to NEIL Overseas Designated Activity Company (NEIL Overseas) (Ireland).
  • The rating assignments reflect a full rating enhancement afforded to NEIL Overseas as a newly added group member of Nuclear Electric Insurance Limited (NEIL).
  • 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 Revises Outlooks to Positive and Affirms Credit Ratings of BUPA México, Compañía de Seguros, S.A. de C.V.

Retrieved on: 
Friday, September 23, 2022
Insurance, Professional Services, Risk, Credit, MXN, BUPA, Marginal, News, Capital adequacy ratio, Industry, AM Best, AM, Risk management, S.A, Insurance, ALL, Good, BIC, Bupa

The Credit Ratings (ratings) reflect Bupa Mexicos balance sheet strength, which AM Best assesses as weak, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

Key Points: 
  • The Credit Ratings (ratings) reflect Bupa Mexicos balance sheet strength, which AM Best assesses as weak, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
  • Bupa Mexico is a subsidiary of Bupa Insurance Company (BIC), and is tied to the groups commercial strategy of expanding into Mexicos insurance market, leveraging on the Bupa brand.
  • 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 specializing in the insurance industry.

AM Best Affirms Credit Ratings of Delvag Versicherungs-AG

Retrieved on: 
Friday, September 23, 2022
Insurance, Professional Services, Income, Credit, Association, News, Industry, Aviation, AM Best, AM, Lufthansa, Risk management, Insurance, ALL, Atmosphere, Airline

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Delvag Versicherungs-AG (Delvag) (Germany).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Delvag Versicherungs-AG (Delvag) (Germany).
  • The outlook of these Credit Ratings (ratings) is negative.
  • 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 .