AM Best

AM Best Affirms Credit Ratings of Premier Insurance Company Limited

Retrieved on: 
Wednesday, October 5, 2022

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb (Good) of Premier Insurance Company Limited (Gibraltar).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb (Good) of Premier Insurance Company Limited (Gibraltar).
  • The company is wholly owned by Premier Underwriting Holdings (Gibraltar) Limited (Premier), which is the ultimate non-operating holding company and consolidating rating unit for the group.
  • 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 Performance Assessments, 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 Seguros Universales, S.A.

Retrieved on: 
Wednesday, October 5, 2022

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- (Good) of Seguros Universales, S.A. (Universales) (Guatemala).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- (Good) of Seguros Universales, S.A. (Universales) (Guatemala).
  • 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 Performance Assessments, 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 R.V.I. Guaranty Co., Ltd. and R.V.I. America Insurance Company

Retrieved on: 
Wednesday, October 5, 2022

America Insurance Company (RVI America) (Stamford, CT) (collectively known as RVI).

Key Points: 
  • America Insurance Company (RVI America) (Stamford, CT) (collectively known as RVI).
  • 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 .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Comments on Credit Ratings of Partners Life Limited

Retrieved on: 
Wednesday, October 5, 2022

On 30 September 2022, Partners Life completed the acquisition of National Australia Bank Limiteds New Zealand life insurance business, including BNZ Life.

Key Points: 
  • On 30 September 2022, Partners Life completed the acquisition of National Australia Bank Limiteds New Zealand life insurance business, including BNZ Life.
  • Following the acquisition, all insurance assets and liabilities of BNZ Life have been transferred to Partners Life.
  • The under review with positive implications status currently applied to Partners Lifes Credit Ratings (ratings) also remains unchanged, reflecting a separate pending transaction that is expected to result in Dai-ichi Life Holdings, Inc. (Dai-ichi Group) acquiring Partners Group Holdings Limited, including Partners Life.
  • 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 .

AM Best Affirms Credit Ratings of Caribbean Alliance Insurance Company Limited

Retrieved on: 
Wednesday, October 5, 2022

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Caribbean Alliance Insurance Company Limited (CAIC) (Antigua and Barbuda).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of Caribbean Alliance Insurance Company Limited (CAIC) (Antigua and Barbuda).
  • 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 .
  • 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 MS First Capital Insurance Limited

Retrieved on: 
Wednesday, October 5, 2022

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of MS First Capital Insurance Limited (MSFC) (Singapore).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of MS First Capital Insurance Limited (MSFC) (Singapore).
  • In addition, capital adequacy remains supportive of MSFCs planned business growth, supported by consistent internal capital generation over the 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 Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

ProAssurance Third Quarter 2022 Results Release and Teleconference

Retrieved on: 
Tuesday, October 4, 2022

ProAssurance Corporation (NYSE: PRA ) will report results for the quarter ended September 30, 2022 after the close of normal New York Stock Exchange trading on Tuesday, November 8, 2022.

Key Points: 
  • ProAssurance Corporation (NYSE: PRA ) will report results for the quarter ended September 30, 2022 after the close of normal New York Stock Exchange trading on Tuesday, November 8, 2022.
  • ProAssurance will conduct a conference call at 10:00 AM ET on Wednesday, November 9, 2022 to discuss the results and other items of interest to investors participating in the call.
  • ProAssurance Group is rated A (Excellent) by AM Best ; NORCAL Group is rated A- (Excellent) by AM Best .
  • For the latest on ProAssurance and its industry-leading suite of products and services, cutting-edge risk management and practice enhancement programs, follow @ProAssurance on Twitter or LinkedIn .

Erie Indemnity to host third quarter 2022 pre-recorded conference call and webcast

Retrieved on: 
Tuesday, October 4, 2022

ERIE, Pa., Oct. 4, 2022 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will host a pre-recorded audio webcast with the financial community providing financial results for the third quarter on Friday, October 28th, at 10 a.m. Eastern Time.

Key Points: 
  • ERIE, Pa., Oct. 4, 2022 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will host a pre-recorded audio webcast with the financial community providing financial results for the third quarter on Friday, October 28th, at 10 a.m. Eastern Time.
  • Erie Indemnity will issue a press release reporting its results after the close of the market on Thursday, October 27th.
  • To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.
  • To automatically receive Erie Indemnity financial news by email, please visit www.erieinsurance.com and subscribe to email alerts.

AM Best Affirms Credit Ratings of BF&M Limited and Its Subsidiaries

Retrieved on: 
Tuesday, October 4, 2022

AM Best also has affirmed the Long-Term ICR of bbb (Good) of the parent company, BF&M Limited (BF&M).

Key Points: 
  • AM Best also has affirmed the Long-Term ICR of bbb (Good) of the parent company, BF&M Limited (BF&M).
  • 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 Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Best’s Market Segment Report: U.S. Title Insurers Post Solid Results for 2021 Amid Volatile Landscape

Retrieved on: 
Tuesday, October 4, 2022

However, according to a new AM Best report, macroeconomic pressures in 2022, specifically those affecting mortgage rates, have created a volatile landscape for title insurers.

Key Points: 
  • However, according to a new AM Best report, macroeconomic pressures in 2022, specifically those affecting mortgage rates, have created a volatile landscape for title insurers.
  • The Bests Market Segment Report, Solid Results for 2021 amid a Volatile Landscape for Title Insurers, states that the title segments top-line premium growth, improved underwriting and strong operating performance in 2021 helped bolster its capital strength heading into 2022, despite the inflationary pressures, the near-certainty of interest rate hikes and a reduction in monetary support from the government.
  • The title industry recorded net premiums written growth of 33% in 2021 to $24.8 billion, representing largest year-over-year increase of the last decade.
  • Title companies will continue to seize opportunities to grow, such as forming partnerships or acquiring tech companies that complement their operations, and as regional and local title insurers expand their market share.