AM

AM Best Assigns Credit Ratings to Patria Re (US), Inc.

Retrieved on: 
Wednesday, August 30, 2023
Insurance, Professional Services, Good, AM Best, ALL, ERM, Risk management, Credit, USD, Risk, AM, Growth, News, Reinsurance

The outlook assigned to these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook assigned to these Credit Ratings (ratings) is stable.
  • The ratings also reflect the support received from its immediate parent, Reaseguradora Patria, S.A. (Patria Re), the lead company of the Peña Verde group and a well-known reinsurer in Latin America.
  • 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 Revises Outlooks to Negative for Farmers Mutual Fire Insurance Company of Salem County

Retrieved on: 
Wednesday, August 30, 2023
Other Professional Services, Professional Services, Insurance, AM Best, ALL, Risk management, Credit, AM, News, Farmer

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Farmers Mutual Fire Insurance Company of Salem County (Salem, NJ).

Key Points: 
  • AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Farmers Mutual Fire Insurance Company of Salem County (Salem, NJ).
  • The Credit Ratings (ratings) reflect Farmers Mutual Fire Insurance Company of Salem County’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
  • The negative outlooks reflect the significant decline of Farmers Mutual Fire Insurance Company of Salem County’s risk-adjusted capitalization as a result of a decline in the company’s policyholders’ surplus coupled with sizable premium growth.
  • Negative rating actions could occur if Farmers Mutual Fire Insurance Company of Salem County’s risk-adjusted capitalization or balance sheet strength is no longer supportive of the very strong balance sheet strength assessment.

AM Best Affirms Credit Ratings of Globe Life Inc. and Its Subsidiaries

Retrieved on: 
Wednesday, August 30, 2023
Banking, Professional Services, Insurance, Finance, Capital surplus, Good, AM Best, Life, Share repurchase, ALL, ERM, GL, Long-Term Capital Management, Average revenue per user, Credit, FSR, AM, Mortality, News, NYSE, Security (finance), Public utility

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the key life/health subsidiaries of Globe Life Inc. (Globe Life) (headquartered in McKinney, TX) [NYSE: GL].

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the key life/health subsidiaries of Globe Life Inc. (Globe Life) (headquartered in McKinney, TX) [NYSE: GL].
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of Globe Life.
  • AM Best also has affirmed the Short- and Long-Term Issue Credit Ratings (Short-Term IR; Long-Term IR) on the debt and the indicative Long-Term IRs on the securities of Globe Life.
  • Globe Life’s higher allocation to Class 2 bonds accounts for more than half of its bond portfolio, making Globe Life more susceptible to credit downgrades.

AM Best Affirms Credit Ratings of RoyalStar Assurance Ltd.

Retrieved on: 
Wednesday, August 30, 2023
Insurance, Professional Services, AM Best, Virgin Islands, British Virgin Islands, ALL, ERM, Credit, Cayman Islands, RSA, Investment, Risk, European, AM, News, Reinsurance

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of RoyalStar Assurance Ltd. (RSA) (Nassau, Bahamas).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of RoyalStar Assurance Ltd. (RSA) (Nassau, Bahamas).
  • The outlook of 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 .

AM Best Revises Outlooks to Stable for Arab Reinsurance Company SAL

Retrieved on: 
Wednesday, August 30, 2023
Insurance, Professional Services, AM Best, ALL, Credit, Investment, Risk, AM, News, Risk management, Cryptocurrency

The revision of the outlooks to stable from negative reflects AM Best’s expectation that Arab Re’s rating fundamentals will remain resilient against the backdrop of the challenging economic and political conditions that persist in Lebanon.

Key Points: 
  • The revision of the outlooks to stable from negative reflects AM Best’s expectation that Arab Re’s rating fundamentals will remain resilient against the backdrop of the challenging economic and political conditions that persist in Lebanon.
  • Economic conditions remain challenging, with the country having to contend with hyperinflation and a significantly devalued currency.
  • Arab Re has a material exposure to Lebanon, where the company is headquartered and holds a sizeable component of its investments.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Best’s Market Segment Report: U.S.-Bermuda Reinsurers’ Technical Results Improve Amid Investment Losses

Retrieved on: 
Wednesday, August 30, 2023
Professional Services, Insurance, Finance, AM Best, ALL, Overalls, CEST, AM, Growth, Research, Health, Bermuda, News, Financial services, Reinsurance

The Best’s Market Segment Report, “U.S.-Bermuda Reinsurers’ Technical Results Improve Amid Investment Losses,” is part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo.

Key Points: 
  • The Best’s Market Segment Report, “U.S.-Bermuda Reinsurers’ Technical Results Improve Amid Investment Losses,” is part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo.
  • The report also notes that significant realized and unrealized investment losses led to an aggregate net loss for the U.S.-Bermuda composite in 2022, following positive net income in 2021.
  • The composite posted a -2.4% return-on-equity ratio, versus 10.8% in 2021, when net income benefited from substantial pre-tax realized/unrealized investment gains.
  • To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=335162 .

Big Blue Marble Academy Expands North Carolina Offerings With New Location in Cary

Retrieved on: 
Wednesday, August 30, 2023
Learning, Autumn, Education, Aftercare, Curriculum, Wake County Public School System, Love, AM, Infant, Toy

CARY, N.C., Aug. 30, 2023 /PRNewswire/ -- Big Blue Marble Academy, the leader in early childhood education known for providing infant and toddler care, preschool, before care, aftercare, and summer camp programs, is pleased to announce that its new location in Cary, North Carolina is open and enrolling children ages six weeks to 12 years. The new child care center offers school pickup and morning drop-off for Alston Ridge Elementary, Mills Park Elementary, Highcroft Elementary, Hortons Creek Elementary, Carpenter Elementary, Green Hope Elementary, and Pleasant Grove Elementary.

Key Points: 
  • Big Blue Marble Academy's research-based, whole child-focused curriculum fuels cognitive, social, emotional, and physical development while introducing children to other cultures and languages.
  • Combining proven early childhood best practices, hands-on experiences, and a robust curriculum, Big Blue Marble Academy is passionate about helping children learn and grow into leaders of tomorrow.
  • "We are looking forward to extending our services to families within the Cary community through the opening of our fifth North Carolina location," said Jeff Wahl, CEO of Big Blue Marble Academy.
  • Big Blue Marble Academy Cary is located at 7580 Carpenter Fire Station Rd, Cary, NC 27519, and is open Monday through Friday from 7:00 AM - 6:00 PM.

APNIMED to Participate in Upcoming Investor Conferences in September

Retrieved on: 
Wednesday, August 30, 2023
Season, InterContinental New York Barclay Hotel, New York City's 18th City Council district, Four Seasons Hotels and Resorts, OSA, Interest, MD, CBO, AM, Obstructive sleep apnea, Conference, Pharmaceutical industry, Down Home Sessions IV

Please see additional details below:

Key Points: 
  • Please see additional details below:
    Citi 18th Annual BioPharma Conference: September 7, 2023, taking place at the Four Seasons Hotel, Boston, MA.
  • Lawrence Miller, MD, CEO will participate in a fireside chat from 10:30-11:15 AM ET in the Aujourd’hui Room.
  • Barry Wohl, CBO will present from 11:25-11:55 AM ET in Session IV, Morgan Suite and participate in 1x1 meetings.
  • Barry Wohl, CBO, will present from 9:10-9:40 AM ET in Track 4 and participate in 1x1 meetings.

AM Best Downgrades Credit Ratings for Discovery Insurance Company

Retrieved on: 
Tuesday, August 29, 2023
Insurance, Professional Services, Pressure, Good, AM Best, ICR, ALL, ERM, Long-Term Capital Management, Credit, Discovery, Risk, FSR, AM, News, Credit rating agency, Risk management

AM Best has downgraded the Financial Strength Rating (FSR) to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “bbb-” (Good) of Discovery Insurance Company (Discovery) (Kinston, NC).

Key Points: 
  • AM Best has downgraded the Financial Strength Rating (FSR) to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “bbb-” (Good) of Discovery Insurance Company (Discovery) (Kinston, NC).
  • The Credit Ratings (ratings) reflect Discovery’s 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 .
  • 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 .

Big Blue Marble Academy Announces New Location in Johns Creek is Open and Enrolling

Retrieved on: 
Tuesday, August 29, 2023
Learning, Autumn, STEAM, Education, Aftercare, Curriculum, Wilson Creek, BBMA, AM, Infant, Toy

JOHNS CREEK, Ga., Aug. 29, 2023 /PRNewswire/ -- Big Blue Marble Academy, known for excellence in early childhood education, is pleased to announce its child care center in Johns Creek, Georgia is now open and enrolling children ages six weeks to 12 years. The latest expansion in the Atlanta area marks another milestone in BBMA's commitment to providing top-tier infant and toddler care, preschool, before care, aftercare, and an enriching summer camp program. This location offers morning drop-off and after-school pick-up for Brookwood, Findley Oaks, Johns Creek, Lake Windward, Medlock Bridge, River Trail Middle, Shakerag, Sharon, and Wilson Creek.

Key Points: 
  • JOHNS CREEK, Ga., Aug. 29, 2023 /PRNewswire/ -- Big Blue Marble Academy , known for excellence in early childhood education, is pleased to announce its child care center in Johns Creek, Georgia is now open and enrolling children ages six weeks to 12 years.
  • This location offers morning drop-off and after-school pick-up for Brookwood, Findley Oaks, Johns Creek, Lake Windward, Medlock Bridge, River Trail Middle, Shakerag, Sharon, and Wilson Creek.
  • "We are proud to announce Big Blue Marble Academy's latest expansion in the Atlanta area and the 22nd location in Georgia," noted Jeff Wahl, CEO of Big Blue Marble Academy.
  • Big Blue Marble Academy Johns Creek is located at 3835 Johns Creek Parkway, Johns Creek, GA 30024, and is open Monday through Friday from 6:30 AM - 6:30 PM.