AM Best

AM Best Withdraws Credit Ratings of Rosgosstrakh Insurance Company, OJSC

Friday, January 22, 2021 - 5:54pm

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 specialising in the insurance industry.

AM Best Affirms Credit Ratings of Meiji Yasuda Life Insurance Company

Friday, January 22, 2021 - 3:53pm

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of aa- 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- 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 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 specialising in the insurance industry.

AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of Nationwide Indemnity Company

Friday, January 22, 2021 - 2:35pm

AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) to aa- of Nationwide Indemnity Company (Nationwide Indemnity) (Columbus, OH).

Key Points: 
  • AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) to aa- of Nationwide Indemnity Company (Nationwide Indemnity) (Columbus, OH).
  • With this action, Nationwide Indemnity is a new member of the Nationwide 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 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 Maintains Under Review With Negative Implications Status for Credit Ratings of Lifetime Income Limited

Friday, January 22, 2021 - 2:31pm

Subsequently, LILs parent group, Retirement Income Group Limited (RIG), initiated a capital raising exercise, which was expected to complete in December 2020.

Key Points: 
  • Subsequently, LILs parent group, Retirement Income Group Limited (RIG), initiated a capital raising exercise, which was expected to complete in December 2020.
  • AM Best notes that during this period, the Lifetime Income Fund has been closed to new investments from new and existing policyholders.
  • 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 Revises Issuer Credit Rating Outlook to Stable for Knight Insurance Company Ltd. and Its Affiliates

Thursday, January 21, 2021 - 8:42pm

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ of Knight Insurance Company Ltd. (Knight Insurance) (Cayman Islands), KnightBrook Insurance Company (KnightBrook) (Wilmington, DE) and Knight Specialty Insurance Company (Wilmington, DE).

Key Points: 
  • AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ of Knight Insurance Company Ltd. (Knight Insurance) (Cayman Islands), KnightBrook Insurance Company (KnightBrook) (Wilmington, DE) and Knight Specialty Insurance Company (Wilmington, DE).
  • 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 Insurance Subsidiaries of OneMain Holdings, Inc.

Thursday, January 21, 2021 - 3:26pm

The ratings of AHLIC also reflect drag from OneMain, a consumer finance company headquartered in Evansville, IN, which has substantial financial leverage.

Key Points: 
  • The ratings of AHLIC also reflect drag from OneMain, a consumer finance company headquartered in Evansville, IN, which has substantial financial leverage.
  • While OneMain exhibits an improved risk profile in recent years, the insurance companies are dependent on OneMain as a primary distribution source and both companies continue to have significant concentration in credit insurance products.
  • 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 Removes From Under Review With Negative Implications and Affirms Credit Ratings of Universal Life Insurance Company

Thursday, January 21, 2021 - 3:16pm

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- of Universal Life Insurance Company (San Juan, PR) (Universal Life), following its efforts to secure capital through its parent company, Universal Insurance Company (UNICO).

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- of Universal Life Insurance Company (San Juan, PR) (Universal Life), following its efforts to secure capital through its parent company, Universal Insurance Company (UNICO).
  • The outlook assigned to the Credit Ratings (ratings) is negative.
  • 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 Fidelity Life Assurance Company Limited

Thursday, January 21, 2021 - 2:07pm

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Fidelity Life Assurance Company Limited (Fidelity Life) (New Zealand).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Fidelity Life Assurance Company Limited (Fidelity Life) (New Zealand).
  • While this capital injection strengthened the companys local regulatory solvency position, Fidelity Life has experienced some volatility in capital adequacy over recent 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 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 Comments on Credit Ratings of Talcott Resolution Life, Inc. and Its Subsidiaries Following Acquisition Announcement

Wednesday, January 20, 2021 - 11:02pm

The Long-Term Issue Credit Ratings of Talcott Resolution Life, Inc. also remain unchanged.

Key Points: 
  • The Long-Term Issue Credit Ratings of Talcott Resolution Life, Inc. also remain unchanged.
  • Talcott Resolution currently oversees over $90 billion in liabilities and surplus primarily consisting of fixed annuities, variable annuities and company-owned and bank-owned life insurance for approximately 900,000 customers.
  • 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 to Host Webinar on the State of the Long-Term Care Insurance Market

Wednesday, January 20, 2021 - 6:08pm

Afik Gal, co-founder and chief product officer, Assured Allies;

Key Points: 
  • Afik Gal, co-founder and chief product officer, Assured Allies;
    Attendees can submit advance questions during registration or by emailing webinars@ambest.com .
  • The webinar will be conducted in English.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
  • Copyright 2021 by A.M. Best Company, Inc. and/or its affiliates.