AM

AM Best to Participate in Regulatory Discussion at International Insurance Society’s Global Insurance Forum

Retrieved on: 
Friday, October 27, 2023
Insurance, Professional Services, Stonebridge International Insurance Ltd, AM Best, Credit, News, Curtis, Conference, AM, Artificial intelligence, IIS, Hilton Singapore Orchard, ALL, Risk management

Rob Curtis, managing director and chief executive officer of AM Best’s Singapore operations, will participate in a one-on-one discussion on the subject of insurance regulation during the 2023 International Insurance Society’s (IIS) Global Insurance Forum, which will be held 5-7 November 2023 at Hilton Singapore Orchard in Singapore.

Key Points: 
  • Rob Curtis, managing director and chief executive officer of AM Best’s Singapore operations, will participate in a one-on-one discussion on the subject of insurance regulation during the 2023 International Insurance Society’s (IIS) Global Insurance Forum, which will be held 5-7 November 2023 at Hilton Singapore Orchard in Singapore.
  • The event is being presented by the IIS and the Pacific Insurance Conference.
  • The Global Insurance Forum is marking its return as an in-person event for the first time since 2019.
  • 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 Seguros Inbursa, S.A. Grupo Financiero Inbursa

Retrieved on: 
Thursday, October 26, 2023
Data Analytics, Other Professional Services, Professional Services, Insurance, NSR, AM Best, Credit, News, MXN, AM, Risk management, Inbursa, ALL

AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating of “a+” (Excellent) and the Mexico National Scale Rating (NSR) of “aaa.MX” (Exceptional) of Seguros Inbursa, S.A. Grupo Financiero Inbursa (Seguros Inbursa) (Mexico).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating of “a+” (Excellent) and the Mexico National Scale Rating (NSR) of “aaa.MX” (Exceptional) of Seguros Inbursa, S.A. Grupo Financiero Inbursa (Seguros Inbursa) (Mexico).
  • de C.V. (Grupo Financiero Inbursa), one of the largest financial groups in Mexico.
  • Furthermore, Seguros Inbursa continues to benefit from significant operating efficiencies afforded by Grupo Financiero Inbursa’s vast financial and system networks.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

AM Best to Participate in Series of Sessions at Casualty Actuarial Society’s Annual Meeting

Retrieved on: 
Thursday, October 26, 2023
Insurance, Professional Services, CAS, Westin Bonaventure Hotel, AM Best, Complex, ChatGPT, News, AM, Council for Scientific and Industrial Research – Ghana, PST, Risk management, COVID-19, Casualty, ALL, Associate, Industry loss warranty

AM Best will participate in a variety of sessions at the Casualty Actuarial Society’s (CAS) Annual Meeting, which will take place Nov. 5-8, 2023, in Los Angeles.

Key Points: 
  • AM Best will participate in a variety of sessions at the Casualty Actuarial Society’s (CAS) Annual Meeting, which will take place Nov. 5-8, 2023, in Los Angeles.
  • Tom Mount, senior director, AM Best, will discuss the year-end 2022 reserve positions of the U.S. property/casualty segment.
  • Sridhar Manyem, senior director, Industry Research and Public Relations, AM Best, will speak at two sessions.
  • This year’s annual meeting will take place at The Westin Bonaventure Hotel & Suites in Los Angeles.

AM Best Affirms Credit Ratings of Seguros Reservas S.A.

Retrieved on: 
Thursday, October 26, 2023
Insurance, Professional Services, AM Best, Life, Credit, News, AM, Growth, ERM, ALL, Risk management, Seguros Universal, Dominican

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

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of 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 (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 .

AM Best Assigns Credit Ratings to Starr International Insurance (Thailand) Public Company Limited

Retrieved on: 
Thursday, October 26, 2023
Professional Services, Finance, Insurance, AM Best, Credit, News, Acquisition, AM, Engineering, SIIT, ERM, Communication, ALL, Risk management, Reinsurance

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Starr International Insurance (Thailand) Public Company Limited (SIIT) (Thailand).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Starr International Insurance (Thailand) Public Company Limited (SIIT) (Thailand).
  • In addition, SIIT benefits from rating enhancement arising from the implicit and explicit support provided by Starr International Company, Inc. (Starr Group).
  • The company was formerly known as FPG Insurance (Thailand) Public Company Limited and became a majority owned subsidiary of the Starr Group in December 2022.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

AM Best Upgrades Credit Ratings of Members of Penn National Insurance Companies

Retrieved on: 
Thursday, October 26, 2023
Professional Services, Insurance, Finance, AM Best, Good, Credit, News, Penn Mutual, AM, Hollywood Casino at Penn National Race Course, Risk management, 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 Pennsylvania National Mutual Casualty Insurance Company (Penn Mutual), its subsidiaries, Penn National Security Insurance Company and Founders Insurance Company, and its mutual company affiliate, Partners Mutual Insurance Company (Waukesha, WI), collectively referred to as Penn National Insurance Companies (Penn National).

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 Pennsylvania National Mutual Casualty Insurance Company (Penn Mutual), its subsidiaries, Penn National Security Insurance Company and Founders Insurance Company, and its mutual company affiliate, Partners Mutual Insurance Company (Waukesha, WI), collectively referred to as Penn National Insurance Companies (Penn National).
  • 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 Revises Outlooks to Positive for Tower Bonding & Surety Company

Retrieved on: 
Thursday, October 26, 2023
Data Analytics, Other Professional Services, Professional Services, Insurance, AM Best, Credit, News, AM, Growth, Risk, ERM, ALL, Risk management

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of “bb-” (Fair) of Tower Bonding & Surety Company (Tower Bonding) (San Juan, PR).

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of “bb-” (Fair) of Tower Bonding & Surety Company (Tower Bonding) (San Juan, PR).
  • The revision of the outlooks to positive reflects the sustained, but somewhat variable, improvement in Tower Bonding’s operating profitability in recent years with this trend continuing through the first half of 2023.
  • Tower Bonding has reported favorable net underwriting income and pre-tax operating results over the past five years.
  • The combined and operating ratios are elevated in comparison with the AM Best composite average; however, the composite is skewed by large national surety writers.

AM Best Upgrades Credit Ratings for Most of Talcott Resolution Life, Inc.’s Subsidiaries

Retrieved on: 
Thursday, October 26, 2023
Insurance, Professional Services, Long-Term Capital Management, Good, AM Best, TFG, 6th Street, Life, Credit, News, AM, Growth, FSR, ERM, Bermuda, ALL, Security (finance)

Additionally, AM Best has affirmed the Long-Term ICR of “bbb-” (Good) of Talcott Resolution Life, Inc. (Delaware), along with its Long-Term Issue Credit Ratings (Long-Term IRs).

Key Points: 
  • Additionally, AM Best has affirmed the Long-Term ICR of “bbb-” (Good) of Talcott Resolution Life, Inc. (Delaware), along with its Long-Term Issue Credit Ratings (Long-Term IRs).
  • 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 .

GLOBAL FAN FAVORITE KINDER® CHOCOLATE MAKES OFFICIAL U.S. DEBUT FOLLOWING SUCCESS OF KINDER JOY AND KINDER BUENO

Retrieved on: 
Thursday, October 26, 2023
Kinder Chocolate, Parent, Drawing, PM, Personality, AM, Chocolate, NO, DOES, Nightclub, Toy, Camp Kinderland, Marketing

PARSIPPANY, N.J., Oct. 26, 2023 /PRNewswire/ -- Kinder® Chocolate, a top selling KINDER™ branded product, is the latest chocolate bar to arrive in the U.S., joining the brand's current portfolio of Kinder Joy, Kinder Bueno, and Kinder Seasonal. Kinder Chocolate is a delicious sharable treat that is crafted for kids, loved by all. It features an outer layer of smooth milk chocolate with a creamy milky filling that comes in small, individually wrapped bars, making it great for kids and perfect for families to enjoy together anytime.

Key Points: 
  • PARSIPPANY, N.J., Oct. 26, 2023 /PRNewswire/ -- Kinder® Chocolate, a top selling KINDER™ branded product, is the latest chocolate bar to arrive in the U.S., joining the brand's current portfolio of Kinder Joy, Kinder Bueno, and Kinder Seasonal.
  • Kinder Chocolate believes in supporting parents today by helping them to create simple moments of connection with their kids.
  • * This new study was the impetus behind the Kinder Chocolate Let That Kid Flag Fly campaign and corresponding U.S. launch activities.
  • To learn more about Kinder Chocolate, Kinderland and the Kinder Kid Flag promotion visit KinderKidFlag.com or follow @kinderus on Instagram.

Unveiling the Integration: Sphere and Safe Software's Spatial Collaboration Tool with Key Enterprise Applications at Augmented Enterprise Summit 2023

Retrieved on: 
Monday, October 23, 2023
FME, Heart, Extended reality, CRMS, Organization, AM, Software, Partnership, XR, AES, Video game, Satellite navigation device, Sphere

Their joint effort will be showcased at the Augmented Enterprise Summit (AES) in Houston, on October 25th, 2023 at Safe Software's booth, from 10:35 AM - 11:35 AM CST.

Key Points: 
  • Their joint effort will be showcased at the Augmented Enterprise Summit (AES) in Houston, on October 25th, 2023 at Safe Software's booth, from 10:35 AM - 11:35 AM CST.
  • This partnership shows the power of Sphere's device agnostic augmented reality platform and Safe Software's FME data integration platform.
  • At the heart of this collaboration is the ability to make augmented reality technology accessible and scalable within an enterprise setting.
  • Safe Software's FME data integration platform serves as a conduit for various data sources, enhancing the immersive experience for Sphere users.