Return on equity

AM Best Revises the Issuer Credit Rating Outlook to Negative for Al Dhafra Insurance Company P.S.C.

Retrieved on: 
Friday, July 14, 2023
Insurance, Professional Services, Pressure, Good, AM Best, ICR, ALL, Return on equity, Risk management, Credit, USD, ADIC, AED, Risk, FSR, AM, ROE, News, United Arab Emirates, Reinsurance

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Al Dhafra Insurance Company P.S.C.

Key Points: 
  • AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Al Dhafra Insurance Company P.S.C.
  • ADIC’s revised Long-Term ICR outlook reflects its weakening operating performance observed since 2021, which has placed pressure on AM Best’s operating performance assessment of strong.
  • 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 specialising in the insurance industry.

AM Best Affirms Credit Ratings of Kuwait Reinsurance Company K.S.C.P.

Retrieved on: 
Friday, June 16, 2023
Insurance, Professional Services, AM Best, KWD, ALL, Return on equity, Risk management, Credit, AM, Growth, News, Geography, Reinsurance

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Kuwait Reinsurance Company K.S.C.P.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Kuwait Reinsurance Company K.S.C.P.
  • The ratings factor in no rating enhancement or drag arising from the company’s ownership by Al Ahleia Insurance Company S.A.K.P.
  • 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 Mitsui Sumitomo Insurance Company, Limited and Its Affiliates

Retrieved on: 
Friday, June 9, 2023
Consulting, Professional Services, Insurance, Finance, Communication, AM Best, MSU, ALL, ERM, Return on equity, Uniloc USA, Inc. v. Microsoft Corp., Credit, ADIC, Nippon Life, Risk, FSR, MSI, ADI, Superior, AM, Toyota, Growth, Long-Term Capital Management, Seemabaddha, News, Risk management, Bank, Limited

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).
  • AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa” (Superior) of Aioi Nissay Dowa Insurance Company Limited (ADI) (Japan).
  • These companies are owned ultimately by MS&AD Insurance Group Holdings, Inc. (MS&AD), a major non-life insurance group based in Japan.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Intuit Announces 2023 Cohort of Toronto Startup Accelerator Program

Retrieved on: 
Thursday, March 2, 2023
Consulting, Data Management, Banking, Technology, Professional Services, Business, Public Relations, Investor Relations, Communications, Software, Fintech, Finance, Karma, QuickBooks, Intuit, Credit Karma, Spruce, Survival rate, Mailchimp, Engineering, B2B, Return on equity, Construction, Chexi railway station, History, Design, INTU, TurboTax, Marketing, Carbon, Growth, Cryptocurrency, Bank

Intuit Inc. (NASDAQ: INTU), the global financial technology platform that makes TurboTax , Credit Karma , QuickBooks , and Mailchimp , along with Highline Beta, a venture studio and venture capital firm, announced today the 2023 cohort of the Intuit Prosperity Accelerator: Toronto .

Key Points: 
  • Intuit Inc. (NASDAQ: INTU), the global financial technology platform that makes TurboTax , Credit Karma , QuickBooks , and Mailchimp , along with Highline Beta, a venture studio and venture capital firm, announced today the 2023 cohort of the Intuit Prosperity Accelerator: Toronto .
  • The program involves pairing each startup with an expert at Intuit who will mentor them on the company’s approach to customer-driven innovation, known as Design for Delight.
  • This process has propelled Intuit throughout its 40-year history, and involves extensive customer research and experimentation to identify opportunities for innovation and growth.
  • “Startups that graduate from accelerator programs have a 23% higher survival rate than their counterparts,” said David Marquis, vice president and Canada country manager at Intuit.

AM Best Affirms Credit Ratings of Meiji Yasuda Life Insurance Company

Retrieved on: 
Friday, February 3, 2023
Insurance, Professional Services, Credit, Superior, Meiji Yasuda Life, AM, News, AM Best, USD, ALL, JPY, Risk management, Return on equity, COVID-19, Infection

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan).
  • 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 specializing in the insurance industry.

AM Best Affirms Credit Ratings of Nippon Life Insurance Company and Its Subsidiary

Retrieved on: 
Friday, January 20, 2023
Professional Services, Insurance, Finance, Credit, Superior, FSR, AM, Infection, News, AM Best, Risk, ALL, NLB, JPY, Risk management, Return on equity, Communication, COVID-19, Bank, Pharmaceutical industry, Nippon Life

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Nippon Life Insurance Company (Nissay) (Japan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Nippon Life Insurance Company (Nissay) (Japan).
  • Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Nippon Life Insurance Company of America (NLB) (West Des Moines, Iowa, USA).
  • 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 specialising in the insurance industry.

AM Best Upgrades Credit Ratings of Gulf Insurance Limited

Retrieved on: 
Thursday, October 27, 2022
Other Professional Services, Professional Services, Insurance, Return on equity, Good, Growth, Credit, AM Best, Insurance, ALL, Industry, FSR, Technology, Income, ERM, News, AM, Risk management, Security (finance)

AM Best has upgraded the Financial Strength Rating (FSR) to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb- (Good) from bb (Fair) of Gulf Insurance Limited (Gulf) (Trinidad and Tobago).

Key Points: 
  • AM Best has upgraded the Financial Strength Rating (FSR) to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb- (Good) from bb (Fair) of Gulf Insurance Limited (Gulf) (Trinidad and Tobago).
  • The outlook of these Credit Ratings (ratings) has been revised to positive from 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 Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Northpointe Bank Recognized by the Independent Community Bankers of America® as a Top-Performing Bank in the Nation

Retrieved on: 
Thursday, October 20, 2022
S&P Global, Community, ICBA, Independent, Independent Community Bankers of America, CEO, GLOBE, Return on equity, FDIC, NCUA, ROA, Bank, NorthPoint Communications

"We are excited to have earned the ICBA's top-performing bank recognition once again," said Chuck Williams, Northpointe Bank President & CEO.

Key Points: 
  • "We are excited to have earned the ICBA's top-performing bank recognition once again," said Chuck Williams, Northpointe Bank President & CEO.
  • This is the ninth year Northpointe Bank has been named as a top-performing community bank out of approximately 5,000 ICBA member banks.
  • For each of the past nine years, Independent Community Bankers of America has ranked Northpointe Bank as a top-performing bank in the nation out of approximately 5,000 ICBA member banks**.
  • ** - Source: Best Performing Community Banks; Independent Community Bankers of America ranked Northpointe Bank as best performing bank according to return-on-equity for banks with assets over $1 billion.

Hibiki Path Advisors Sent an Open Proposal Letter to Zenkoku Hosho Co., Ltd. (7164) on Measures to Improve Corporate Value and ROE

Retrieved on: 
Monday, August 29, 2022
Banking, Other Professional Services, Professional Services, Finance, ROE, Hibiki, Letter, Board, Return on equity, Housing, Board of directors, Bank, Zenkoku Kōkō Soccer

Hibiki Path Advisors ("Hibiki") is a Singapore-based engagement investment company focusing on Japanese equities.

Key Points: 
  • Hibiki Path Advisors ("Hibiki") is a Singapore-based engagement investment company focusing on Japanese equities.
  • Hibiki, through customer accounts, own shares of Zenkoku Hosho Co., Ltd. (Zenkoku).
  • Historically, Zenkoku started as a guarantor for public loans in 1981, and subsequently expanded into the housing loan guarantee business of private financial institutions in 1997.
  • (Letter to Zenkoku Hosho Co., Ltd. on 26/08/2022)

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Sigurd Rück AG

Retrieved on: 
Thursday, August 18, 2022
Professional Services, Insurance, Finance, Credit, Industry, Good, AM, ALL, Return on equity, Review, Risk management, AM Best, News, Insurance, Association

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ (Good) of Sigurd Rck AG (Sigurd) (Switzerland).

Key Points: 
  • AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ (Good) of Sigurd Rck AG (Sigurd) (Switzerland).
  • Sigurd has significant exposure to the credit risk associated with Saipem, notably through a cash-pooling agreement with the group.
  • 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 .