AM Best

AM Best Withdraws Credit Ratings of Crusader Insurance Company and Unico American Corporation

Friday, September 24, 2021 - 8:42pm

AM Best also has downgraded the Long-Term ICR to ccc- (Weak) from b (Marginal) of Crusaders parent company, Unico American Corporation (Unico).

Key Points: 
  • AM Best also has downgraded the Long-Term ICR to ccc- (Weak) from b (Marginal) of Crusaders parent company, Unico American Corporation (Unico).
  • In addition, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings).
  • Concurrently, AM Best has withdrawn these ratings at the request of the company to no longer participate in AM Bests interactive rating process.
  • 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 Operating Subsidiaries of Essent Group Ltd.

Friday, September 24, 2021 - 7:56pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a (Excellent) of the operating subsidiaries of Essent Group Ltd., which are Essent Guaranty, Inc., Essent Guaranty of PA, Inc. (both domiciled in Radnor, PA) and Essent Reinsurance Ltd. (Bermuda) (collectively referred to as Essent).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a (Excellent) of the operating subsidiaries of Essent Group Ltd., which are Essent Guaranty, Inc., Essent Guaranty of PA, Inc. (both domiciled in Radnor, PA) and Essent Reinsurance Ltd. (Bermuda) (collectively referred to as Essent).
  • The ratings reflect Essents balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, limited 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 .

AM Best Comments on Credit Ratings of Athora Holding Ltd.’s Subsidiaries Following its Announced Acquisition of Amissima Vita S.p.A.

Friday, September 24, 2021 - 7:06pm

AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Athora Holding Ltd.s (Athora) subsidiaries, Athora Life Re Ltd. (Bermuda) and Athora Ireland plc (Ireland), remain unchanged following Athoras recent announcement that it has agreed to acquire Italian life insurer Amissima Vita S.p.A (Amissima).

Key Points: 
  • AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Athora Holding Ltd.s (Athora) subsidiaries, Athora Life Re Ltd. (Bermuda) and Athora Ireland plc (Ireland), remain unchanged following Athoras recent announcement that it has agreed to acquire Italian life insurer Amissima Vita S.p.A (Amissima).
  • 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 specialising in the insurance industry.

AM Best to Join Cyber Panel at Inside P&C North America Conference

Friday, September 24, 2021 - 2:53pm

AM Best will participate in a panel discussion, titled, Cyber: New Peril Comes of Age, at the Inside P&C North America Conference 2021 on Sept. 28.

Key Points: 
  • AM Best will participate in a panel discussion, titled, Cyber: New Peril Comes of Age, at the Inside P&C North America Conference 2021 on Sept. 28.
  • Sridhar Manyem, director of industry research and analytics for AM Best, will participate in the 40-minute session, which begins at 3:45 p.m. (EDT).
  • Manyem will be joined by Elissa Doroff, managing director and cyber technical leader at NFP; Erica Davis, managing director and global co-head of cyber at Guy Carpenter; John Merchant, managing director, cyber and technology, at Optio North America; and Elizabeth Johnson, chief underwriting officer, North America, for Ascot Group.
  • They will discuss where the cyber market is headed, whether carriers price the risk accurately, how cyber products have changed, and trends in demand for cyber insurance.

Selective Insurance Group, Inc. Schedules Earnings Release and Conference Call to Announce 3rd Quarter 2021 Results

Thursday, September 23, 2021 - 9:15pm

BRANCHVILLE, N.J., Sept.23, 2021 /PRNewswire/ --Selective Insurance Group, Inc. (NASDAQ: SIGI) announced it will release its third quarter 2021 financial results after market close on Wednesday, October 27, 2021.

Key Points: 
  • BRANCHVILLE, N.J., Sept.23, 2021 /PRNewswire/ --Selective Insurance Group, Inc. (NASDAQ: SIGI) announced it will release its third quarter 2021 financial results after market close on Wednesday, October 27, 2021.
  • The company will hold a conference call on Thursday, October 28, 2021, at 9:00 a.m. (ET) to discuss the results.
  • A press release and financial supplement will also be available on the Investors page of Selective's website after market close on October 27, 2021.
  • Selective Insurance Group, Inc. is a holding company for 10 property and casualty insurance companies rated "A" (Excellent) by AM Best.

AM Best Affirms Credit Ratings of Dorinco Reinsurance Company

Thursday, September 23, 2021 - 7:25pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Dorinco Reinsurance Company (Dorinco) (Midland, MI), which is the captive reinsurance company of The Dow Chemical Company (Dow).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Dorinco Reinsurance Company (Dorinco) (Midland, MI), which is the captive reinsurance company of The Dow Chemical Company (Dow).
  • 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 Affirms Credit Ratings of Repwest Insurance Company

Thursday, September 23, 2021 - 6:26pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Repwest Insurance Company (Repwest) (Phoenix, AZ).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Repwest Insurance Company (Repwest) (Phoenix, AZ).
  • 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 the Credit Ratings of Seguradora Internacional de Moçambique, S.A.

Thursday, September 23, 2021 - 5:44pm

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb (Fair) of Seguradora Internacional de Moambique, S.A. (SIM) (Mozambique).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb (Fair) of Seguradora Internacional de Moambique, S.A. (SIM) (Mozambique).
  • 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 Affirms Credit Ratings of European Liability Insurance for the Nuclear Industry

Thursday, September 23, 2021 - 3:38pm

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of European Liability Insurance for the Nuclear Industry (ELINI) (Belgium).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of European Liability Insurance for the Nuclear Industry (ELINI) (Belgium).
  • 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 specialising in the insurance industry.

AM Best Affirms Credit Ratings of European Mutual Association for Nuclear Insurance

Thursday, September 23, 2021 - 3:35pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of the European Mutual Association for Nuclear Insurance (Emani) (Belgium).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of the European Mutual Association for Nuclear Insurance (Emani) (Belgium).
  • 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 specialising in the insurance industry.