AM

AM Best Affirms Performance Assessment of Amwins Group’s Affiliates

Retrieved on: 
Thursday, November 2, 2023
Insurance, Professional Services, AM Best, Credit, News, AM, Risk, Delegate, ALL, Music, Risk management, Amwin, Comprehensive Performance Assessment

AM Best has affirmed the Performance Assessment (assessment) of PA-1 (Exceptional) of a group of seven affiliates of Amwins Group (Amwins).

Key Points: 
  • AM Best has affirmed the Performance Assessment (assessment) of PA-1 (Exceptional) of a group of seven affiliates of Amwins Group (Amwins).
  • This assessment reflects Amwins’ exceptional underwriting capabilities, exceptional governance and internal controls, excellent financial condition, exceptional organizational talent, and exceptional depth and breadth of relationships.
  • The delegated underwriting authority enterprise (DUAE) entities within Amwins have a track record of exceptional underwriting performance with generally low loss ratios and profitable business across each operating entity.
  • The following Amwins Group affiliates constitute the Performance Assessment of PA-1 (Exceptional) with a stable outlook:
    This press release relates to Performance Assessments that have been published on AM Best’s website.

AM Best Upgrades Credit Ratings of ERGO Insurance Pte. Ltd.

Retrieved on: 
Thursday, November 2, 2023
Consulting, Professional Services, Insurance, Finance, Good, AM Best, Credit, News, AM, Superior, Communication, ALL, Munich Re

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • 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 is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Affirms Credit Ratings of Marble Reinsurance Corporation

Retrieved on: 
Thursday, November 2, 2023
Professional Services, Insurance, Finance, AM Best, Credit, News, AM, Growth, Risk management, Risk, Depreciation, Communication, Marubeni, ALL, Reinsurance, Marble

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Marble Reinsurance Corporation (Marble Re) (Micronesia).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Marble Reinsurance Corporation (Marble Re) (Micronesia).
  • Although the company has relatively high dependence on reinsurance, the risk is mitigated by its high quality and well-diversified reinsurance panel.
  • 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 Places Credit Ratings of American Surety Company Under Review With Positive Implications

Retrieved on: 
Thursday, November 2, 2023
Banking, Professional Services, Insurance, Finance, Good, ASC, AM Best, Credit, News, AM, American Surety Building, Surety, ALL, Core

AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of American Surety Company (ASC) (Indianapolis, IN).

Key Points: 
  • AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of American Surety Company (ASC) (Indianapolis, IN).
  • The ratings will remain under review until the close of the transaction, including customary regulatory approvals and AM Best evaluates post-transaction details.
  • 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 .

Ansys, Materialise Partnership Connects Industry-Leading Solutions to Enhance Additive Manufacturing Software

Retrieved on: 
Monday, November 6, 2023
3D, Gold, Research, AM, Engineering, Software, ANSYS, Transport, Partnership, Magic, Workflow, Mobile phone, 3D printing, Materialise NV, Ansys

PITTSBURGH, Nov. 6, 2023 /PRNewswire/ -- Ansys (NASDAQ: ANSS), the global leader in engineering simulation software, and Materialise, a global leader in 3D printing software and service solutions, are joining forces to deliver integrated digital solutions to help overcome workflow challenges in the AM industry. The partnership will seamlessly integrate Ansys Additive Suite into Materialise's data and build preparation tool, Magics. An initial solution, to be previewed at Formnext 2023 and arriving in Q2 2024, will provide a best-in-class workflow for managing AM industrial projects across industries, including the medical and aerospace sectors.

Key Points: 
  • The partnership will seamlessly integrate Ansys Additive Suite into Materialise's data and build preparation tool, Magics .
  • In many cases, the AM process requires users to perform build and data preparation tasks on one software platform and run simulations on another.
  • The Ansys and Materialise partnership alleviates these issues by combining Ansys' gold standard simulation software with https://www.materialise.com/en/industrial/software/magics-data-build-pre... Magics into one streamlined workflow, resulting in faster time-to-market and efficient distortion compensation.
  • For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation.

AM Best Revises Outlooks to Positive for Brookfield Annuity Company

Retrieved on: 
Wednesday, November 1, 2023
Insurance, Professional Services, AM Best, Credit, News, AM, PRT, Risk management, ALL

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Brookfield Annuity Company (Toronto, Ontario, Canada).

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Brookfield Annuity Company (Toronto, Ontario, Canada).
  • The Credit Ratings (ratings) reflect Brookfield Annuity Company’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
  • The revision of the outlooks to positive from stable is driven by Brookfield Annuity Company’s favorable risk-adjusted capitalization and qualitative balance sheet strength factors.
  • Furthermore, the company has developed a good reinsurance program with highly rated partners that serves to strengthen capital management.

AM Best Presents “The AI Revolution” Cross-Media Series

Retrieved on: 
Wednesday, November 1, 2023
Insurance, Professional Services, AM Best, Regulator, The State Insurance Organization of Turkmenistan, News, AM, Artificial intelligence, NXT TakeOver, ALL

The series is available to watch on AM Best TV, listen to on AM Best Audio or read in the November issue of Best’s Review.

Key Points: 
  • The series is available to watch on AM Best TV, listen to on AM Best Audio or read in the November issue of Best’s Review.
  • The series includes the following segments:
    How AI Is Remaking Insurance Organizations;
    How AI Is Remaking the Insurance Workforce;
    What the AI Revolution Means for Insurance Prospects, Policyholders and Regulators; and
    AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
  • Copyright © 2023 by A.M. Best Company, Inc. and/or its affiliates.

AM Best Upgrades Credit Ratings of Oceanview Life and Annuity Company and Oceanview Reinsurance Ltd.

Retrieved on: 
Wednesday, November 1, 2023
Professional Services, Insurance, Finance, Oceanview, San Francisco, AM Best, Credit, News, AM, Growth, Risk management, OVR, ALL

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Oceanview Life and Annuity Company (Oceanview Life) (headquartered in Phoenix, AZ) and its reinsurer affiliate, Oceanview Reinsurance Ltd. (OVRe) (Hamilton, Bermuda).

Key Points: 
  • AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Oceanview Life and Annuity Company (Oceanview Life) (headquartered in Phoenix, AZ) and its reinsurer affiliate, Oceanview Reinsurance Ltd. (OVRe) (Hamilton, Bermuda).
  • The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
  • 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 Affirms Credit Ratings of Legal & General Group Plc and Its Rated Subsidiaries

Retrieved on: 
Wednesday, November 1, 2023
Banking, Professional Services, Insurance, Finance, GBP, Legal & General, AM Best, Credit, News, AM, Holding, PRT, Growth, Risk management, Generator, Retirement, L&G, Superior, Long-Term Capital Management, ALL, Generation Investment Management

AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of the non-operating holding company, Legal & General Group Plc (L&G) (United Kingdom).

Key Points: 
  • AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of the non-operating holding company, Legal & General Group Plc (L&G) (United Kingdom).
  • The ratings of LGAS, Banner Life and William Penn factor in their strategic importance to L&G, and their integration within the group.
  • 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 Affirms Issue Credit Ratings of 321 Henderson Receivables V LLC

Retrieved on: 
Tuesday, October 31, 2023
Banking, Professional Services, Insurance, Finance, AM Best, Credit, News, AM, Executive Life Insurance Company, Collection, ALL, Security (finance)

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • The initial pool of receivables consisted of 1,844 contracts totaling approximately $189.2 million in payment obligations from 107 insurance companies.
  • 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 .