AM Best

AM Best to Host Webinar on COVID-19 Implications for U.S. Insurance and Reinsurance Markets

Monday, April 6, 2020 - 5:39pm

AM Best will host a complimentary webinar, on April 9, 2020, at 10 a.m. (EDT).

Key Points: 
  • AM Best will host a complimentary webinar, on April 9, 2020, at 10 a.m. (EDT).
  • AM Best analysts will review the changing impact of COVID-19 on AM Bests U.S. insurance sector and global reinsurance outlooks, as well as discuss additional rating considerations.
  • Panelists from AM Best Rating Services include:
    Attendees can submit questions during registration or by emailing webinars@ambest.com .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Removes From Under Review with Positive Implications, Upgrades Issuer Credit Rating of the Members of PURE Group of Insurance Companies

Friday, April 3, 2020 - 8:13pm

AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to a+ from a and affirmed the Financial Strength Rating of A (Excellent) for both members of the PURE Group of Insurance Companies (PURE Group): Privilege Underwriters Reciprocal Exchange (PURE) and PURE Insurance Company (PIC).

Key Points: 
  • AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to a+ from a and affirmed the Financial Strength Rating of A (Excellent) for both members of the PURE Group of Insurance Companies (PURE Group): Privilege Underwriters Reciprocal Exchange (PURE) and PURE Insurance Company (PIC).
  • PIC and PURE Risk Management LLC, which serves as attorney-in-fact for PURE, are wholly owned subsidiaries of Privilege Underwriters, Inc. (PUI).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Assigns Issue Credit Rating to Athene Holding Ltd.’s New Senior Unsecured Notes

Friday, April 3, 2020 - 5:35pm

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of bbb to the recently issued $500 million 6.150% senior unsecured notes due 2030 for Athene Holding Ltd. (Athene) (Bermuda) [NYSE:ATH].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of bbb to the recently issued $500 million 6.150% senior unsecured notes due 2030 for Athene Holding Ltd. (Athene) (Bermuda) [NYSE:ATH].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • 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 Energas Insurance (L) Limited

Friday, April 3, 2020 - 3:01pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Energas Insurance (L) Limited (Energas) (Malaysia).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Energas Insurance (L) Limited (Energas) (Malaysia).
  • 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 .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Members of Castle Key Group

Friday, April 3, 2020 - 1:59pm

AM Best has affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of bbb- of the members of Castle Key Group (Castle Key) (headquartered in Largo, FL).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of bbb- of the members of Castle Key Group (Castle Key) (headquartered in Largo, FL).
  • The ratings also benefit from the historical financial and operational support provided to Castle Key as part of the Allstate organization.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Withdraws Credit Ratings of American Transportation Group Insurance Risk Retention Group, Inc.

Thursday, April 2, 2020 - 8:58pm

AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B (Fair) and the Long-Term Issuer Credit Rating to b from bb of American Transportation Group Insurance Risk Retention Group, Inc. (ATGI) (Raleigh, NC).

Key Points: 
  • AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B (Fair) and the Long-Term Issuer Credit Rating to b from bb of American Transportation Group Insurance Risk Retention Group, Inc. (ATGI) (Raleigh, NC).
  • The outlook of these Credit Ratings (ratings) have been revised to negative from 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 media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Ameritas Life Insurance Corp. and Its Subsidiary

Thursday, April 2, 2020 - 7:42pm

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ of Ameritas Life Insurance Corp. (Lincoln, NE) and Ameritas Life Insurance Corp. of New York (New York, NY).

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+ of Ameritas Life Insurance Corp. (Lincoln, NE) and Ameritas Life Insurance Corp. of New York (New York, NY).
  • These insurance entities comprise the life/health operations of Ameritas Mutual Holding Company (all companies are collectively referred to as Ameritas).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Assigns Issue Credit Rating to Ameriprise Financial, Inc.’s New Senior Unsecured Notes

Thursday, April 2, 2020 - 5:09pm

AM Best has assigned a Long-Term Issue Credit Rating of a- to the $500 million 3.00% 5-year senior unsecured notes, due April 2, 2025, issued by Ameriprise Financial, Inc. (Ameriprise Financial) (headquartered in Minneapolis, MN) [NYSE: AMP].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of a- to the $500 million 3.00% 5-year senior unsecured notes, due April 2, 2025, issued by Ameriprise Financial, Inc. (Ameriprise Financial) (headquartered in Minneapolis, MN) [NYSE: AMP].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • 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 Rosgosstrakh Insurance Company, OJSC

Thursday, April 2, 2020 - 3:59pm

AM Best has affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of bb- of Rosgosstrakh Insurance Company, OJSC (RGS) (Russia).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of bb- of Rosgosstrakh Insurance Company, OJSC (RGS) (Russia).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Best's Review Examines Critical Risks Impacting the Insurance Industry

Wednesday, April 1, 2020 - 6:15pm

Those class actions are just one piece of a much broader problem the industry is facing when it comes to litigation.

Key Points: 
  • Those class actions are just one piece of a much broader problem the industry is facing when it comes to litigation.
  • In Pandemic Viewpoints , industry experts talk to AM Best TV about how COVID-19 is impacting the insurance market.
  • A Renewed Focus , examines climate change and industry efforts to manage harm and improve sustainability.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.