ERM

AM Best Assigns Credit Ratings to AXA Insurance (Gulf) B.S.C.(c)

Friday, October 15, 2021 - 5:48pm

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a (Excellent) to AXA Insurance (Gulf) B.S.C.

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a (Excellent) to AXA Insurance (Gulf) B.S.C.
  • On 7 September 2021, AXA Gulf announced that it had expanded its 32% stake in AXA Cooperative Insurance Company (AXA KSA) to 50%.
  • 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 Assigns Credit Ratings to Richmond National Insurance Company

Friday, October 15, 2021 - 2:22pm

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Richmond National Insurance Company (Richmond National) (Concord, NH).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Richmond National Insurance Company (Richmond National) (Concord, NH).
  • 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

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 México, S.A.

Thursday, October 14, 2021 - 6:49pm

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 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 MAPFRE Panamá S.A.

Thursday, October 14, 2021 - 6:40pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of MAPFRE Panam S.A. (MAPFRE Panam) (Panama City, Panama).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of MAPFRE Panam S.A. (MAPFRE Panam) (Panama City, Panama).
  • The ratings reflect MAPFRE Panams geographic and strategic importance to the MAPFRE group, given its Central America presence, as well as the integration of the MAPFRE groups practices, procedures, reinsurance, draft facilities, underwriting selection and ERM framework into MAPFRE Panam, and the synergies and operating efficiencies derived from being a group member.
  • 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 MAPFRE Fianzas, S.A.

Thursday, October 14, 2021 - 6:31pm

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

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • Such scenarios have been incorporated into the ratings and present a key point for AM Best to review in coming years.
  • 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 .

ION Treasury's City Financials solution goes live at Trivium Packaging B.V.

Thursday, October 14, 2021 - 10:00am

AMSTERDAM, Oct. 14, 2021 /PRNewswire-PRWeb/ -- ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and Central Banks, today announced the successful implementation of ION Treasury's City Financials solution at Trivium Packaging B.V. (Trivium).

Key Points: 
  • AMSTERDAM, Oct. 14, 2021 /PRNewswire-PRWeb/ -- ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and Central Banks, today announced the successful implementation of ION Treasury's City Financials solution at Trivium Packaging B.V. (Trivium).
  • Trivium based in the Netherlands is a leading global supplier of infinitely recyclable metal packaging for the world's leading brands.
  • City Financials went live at Trivium in less than two months, providing straight-through processing between mission-critical third-party systems to manage its risk and exposure to commodities price fluctuations and volatility.
  • "City Financials was the natural choice to support our needs," said Rogier Kloek, VP of Treasury, Investors Relations, Insurance, and ERM at Trivium Packaging.

AM Best Affirms Credit Ratings of Pozavarovalnica Sava d.d.

Wednesday, October 13, 2021 - 4:51pm

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 Pozavarovalnica Sava d.d.

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 Pozavarovalnica Sava d.d.
  • The ratings reflect Sava Res balance sheet strength, which AM Best assesses as very strong, 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 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 .

ABMS Selects Six Visiting Scholars for the 2021-2022 Class

Tuesday, October 12, 2021 - 7:00pm

CHICAGO, Oct. 12, 2021 /PRNewswire/ --The American Board of Medical Specialties (ABMS) has selected six outstanding individuals to participate in its 2021-2022 Visiting Scholars Program.

Key Points: 
  • CHICAGO, Oct. 12, 2021 /PRNewswire/ --The American Board of Medical Specialties (ABMS) has selected six outstanding individuals to participate in its 2021-2022 Visiting Scholars Program.
  • ABMS Visiting Scholars are selected based on the quality of their proposed research project, the relevance of their research to the ABMS mission and the certification community, and the likelihood of making substantial progress on the project during the scholar year.
  • To date, 44 Visiting Scholars have participated in the program.
  • They traditionally attend three in-person leadership meetings and present their research findings before a national audience at the annual ABMS Conference.

AM Best Affirms Credit Ratings of Chubb Seguros Panamá S.A.

Friday, October 8, 2021 - 8:36pm

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of aa- (Superior) of Chubb Seguros Panam S.A. (Chubb Panam) (Panama).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of aa- (Superior) of Chubb Seguros Panam S.A. (Chubb Panam) (Panama).
  • Chubb Panam initiated operations in 2008 as ACE Seguros S.A., and continued with that brand name until 2016 when its name was changed to Chubb Seguros Panam S.A.
  • 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 .