Long-Term Capital Management

AM Best Affirms Credit Ratings of MAPFRE U.S.A. Corp’s Main Insurance Subsidiaries

Thursday, October 14, 2021 - 7:11pm

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

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • The MAPFRE U.S.A. Group is owned by MAPFRE U.S.A. Corp., whose ultimate parent is Spain-based Fundacin MAPFRE (MAPFRE).
  • The ratings also reflect the implicit and explicit support provided by its intermediate parent company, MAPFRE S.A.
  • The MAPFRE U.S.A. Group is integrated into the operations and management of the group and carries the MAPFRE name commercially.

AM Best Affirms Credit Ratings of MAPFRE S.A.’s Rated Operating Subsidiaries

Thursday, October 14, 2021 - 6:25pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of MAPFRE S.A.s (MAPFRE) rated operating subsidiaries.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of MAPFRE S.A.s (MAPFRE) rated operating subsidiaries.
  • The ratings reflect MAPFREs balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable 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 Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of New York Life Insurance Company and Certain Subsidiaries; Upgrades Issuer Credit Ratings of Life Insurance Company of North America and New York Life Group Insurance Company of NY

Wednesday, October 13, 2021 - 2:27pm

Additionally, AM Best has upgraded the Long-Term ICRs to aaa (Exceptional) from aa+ (Superior) and affirmed the FSR of A++ (Superior) of Life Insurance Company of North America (LINA) and New York Life Group Insurance Company of NY (NYLGICNY).

Key Points: 
  • Additionally, AM Best has upgraded the Long-Term ICRs to aaa (Exceptional) from aa+ (Superior) and affirmed the FSR of A++ (Superior) of Life Insurance Company of North America (LINA) and New York Life Group Insurance Company of NY (NYLGICNY).
  • All companies are referred to as New York Life and are headquartered in New York, NY.
  • AM Best also has affirmed the Long-Term ICRs of aaa (Exceptional) of New York Life Global Funding and New York Life Funding.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Comments on Credit Ratings of Cigna Corporation Following Asia-Pacific Business Sale Announcement

Monday, October 11, 2021 - 5:15pm

On Oct. 7, 2021, Cigna announced the sale of its life, accident and supplemental benefits business, representing approximately $3 billion of premium revenue in its Asia-Pacific markets.

Key Points: 
  • On Oct. 7, 2021, Cigna announced the sale of its life, accident and supplemental benefits business, representing approximately $3 billion of premium revenue in its Asia-Pacific 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of American International Group, Inc. and Its Subsidiaries

Thursday, October 7, 2021 - 9:28pm

AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of bbb (Good) of American International Group, Inc. (AIG) (headquartered in New York, NY) [NYSE: AIG].

Key Points: 
  • AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of bbb (Good) of American International Group, Inc. (AIG) (headquartered in New York, NY) [NYSE: AIG].
  • The outlook of these Credit Ratings (ratings) is stable.
  • AIGs consolidated risk-adjusted capital level, as measured by Bests Capital Adequacy Ratio (BCAR), has been maintained at the strongest level.
  • AM Best does not expect AIGs planned separation of its life and retirement business to have a near-term impact on its rating.

AM Best Affirms Credit Ratings of Jackson National Life Insurance Company and Its Affiliates; Assigns Issuer Credit Rating to Jackson Financial Inc.

Wednesday, October 6, 2021 - 2:22pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York, and its direct parent, Brook Life Insurance Company.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York, and its direct parent, Brook Life Insurance Company.
  • AM Best also has affirmed the Long-Term ICR of a (Excellent) of Jackson National Life Global Funding.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's 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 Ohio National Financial Services, Inc. and Its Subsidiaries

Thursday, September 30, 2021 - 10:24pm

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 Ohio National Life Insurance Company and its wholly owned subsidiary, Ohio National Life Assurance Corporation (together referred to as the Ohio National Life Group).

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 Ohio National Life Insurance Company and its wholly owned subsidiary, Ohio National Life Assurance Corporation (together referred to as the Ohio National Life Group).
  • Additionally, AM Best has affirmed the Long-Term ICR of bbb+ (Good) and all Long-Term Issue Credit Ratings (Long-Term IR) of ONFS.
  • 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 Affirms Credit Ratings of Reinsurance Group of America, Incorporated and Its Subsidiaries

Thursday, September 30, 2021 - 10:02pm

AM Best also has affirmed the Long-Term ICR of a- (Excellent) and all Long-Term Issue Credit Ratings (Long-Term IR) on the debt securities and indicative shelf ratings of Reinsurance Group of America, Incorporated (Chesterfield, MO) [NYSE: RGA].

Key Points: 
  • AM Best also has affirmed the Long-Term ICR of a- (Excellent) and all Long-Term Issue Credit Ratings (Long-Term IR) on the debt securities and indicative shelf ratings of Reinsurance Group of America, Incorporated (Chesterfield, MO) [NYSE: RGA].
  • 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 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 Issuer Credit Rating Outlook to Positive for Restoration Risk Retention Group, Inc.

Tuesday, September 28, 2021 - 7:25pm

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of a (Excellent) of Restoration Risk Retention Group, Inc. (RRRG) (Burlington, VT).

Key Points: 
  • AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of a (Excellent) of Restoration Risk Retention Group, Inc. (RRRG) (Burlington, VT).
  • The positive Long-Term ICR outlook reflects RRRGs distinct improvement in its underwriting results and overall operating performance since transitioning its third-party service providers in 2014.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's 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 SCOR SE and Its Main Operating Subsidiaries

Wednesday, September 22, 2021 - 3:43pm

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa- (Superior) of SCOR SE (SCOR) (France) and its main operating subsidiaries.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa- (Superior) of SCOR SE (SCOR) (France) and its main operating subsidiaries.
  • Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) on SCORs outstanding rated instruments.
  • 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 .