AM Best

AM Best Affirms Credit Ratings of Stewart Title Guaranty de México, S.A. de C.V.

Retrieved on: 
Thursday, August 12, 2021
Banking, Professional Services, Insurance, Finance, Income, Stewart Information Services Corporation, ALL, Data, News, STGC, AM, COVID-19, Credit, Insurance, S.A, Risk management, Growth, European Union, Union, AM Best, Industry, Airline

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

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • The ratings also reflect the integration of the local subsidiary to its parent company, Stewart Title Guaranty Company (STGC), and to the group in terms of the business model and operational support.
  • 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 .

IGI Announces Semi-Annual Ordinary Common Share Dividend

Retrieved on: 
Thursday, August 12, 2021
Professional Services, Insurance, Finance, Forward-looking statement, NASDAQ, Judgement, D&O, Company, Movement, Private Securities Litigation Reform Act, COVID-19, Annual report, SEC, D, Board, Board of directors, Port Terminal Station, AM Best, Engineering, Form 20-F, S&P Global Ratings, International, Industry, IGI, Risk management

---

Key Points: 
  • International General Insurance Holdings Ltd. (IGI or the Company) (NASDAQ: IGIC) today announced that its Board of Directors has declared an ordinary common share dividend of $0.16 per share for the period January 1, 2021 June 30, 2021.
  • IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines.
  • Registered in Bermuda, with operations in Bermuda, London, Malta Dubai, Amman, Labuan and Casablanca, IGI aims to deliver outstanding levels of service to clients and brokers.
  • IGI is rated A (Excellent)/Stable by AM Best and A-/Stable by S&P Global Ratings.

AM Best Affirms A (Excellent) Financial Strength Rating for ReAlign Insurance Group

Retrieved on: 
Thursday, August 12, 2021
Insurance, Professional Services, LLC, Credit, Insurance, Investment, Technology, 2010–2014 NCAA conference realignment, AM Best

ReAlign Insurance Holdings, Inc. (ReAlign) announced that AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) for ReAlign Insurance Group, which includes National Summit Insurance Company (formerly known as National Lloyds Insurance Company), American Summit Insurance Company and Summit Specialty Insurance Company.

Key Points: 
  • ReAlign Insurance Holdings, Inc. (ReAlign) announced that AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) for ReAlign Insurance Group, which includes National Summit Insurance Company (formerly known as National Lloyds Insurance Company), American Summit Insurance Company and Summit Specialty Insurance Company.
  • ReAlign acquired National Summit Insurance Company and American Summit Insurance Company, both of which are domiciled in Texas, in July 2020.
  • In October 2020, ReAlign formed Summit Specialty Insurance Company, a non-admitted insurance carrier domiciled in Nebraska.
  • Supported by a network of over 4,000 agents and authorized in 47 states, ReAligns portfolio currently includes specialty personal property insurance companies National Summit Insurance Company and American Summit Insurance Company, domiciled in Texas, as well as surplus lines insurance carrier Summit Specialty Insurance Company, domiciled in Nebraska.

Argo Group Announces Susan Comparato as Chief Administrative Officer and Other Key Leadership Roles

Retrieved on: 
Thursday, August 12, 2021
Banking, Professional Services, Insurance, Finance, Rockwood, Forward-looking statement, U.S. Securities and Exchange Commission, Asia Pacific Resources International Holdings, Grose, Argo Group, NYSE, Garage, Bianca Comparato, Contract, Insurance, Security (finance), Excess, AM Best, Borst, Commercial, Group, Tesco international operations, Non-U.S. operators of the M60 Patton, ARGO, Property, Management

Argo Group International Holdings, Ltd. (NYSE: ARGO), an underwriter of specialty insurance, today announced several notable leadership appointments with a focus on simplifying the organization.

Key Points: 
  • Argo Group International Holdings, Ltd. (NYSE: ARGO), an underwriter of specialty insurance, today announced several notable leadership appointments with a focus on simplifying the organization.
  • This is the natural next step in our continuing evolution as a leading U.S.-focused specialty insurer, said Argo Group CEO Kevin Rehnberg.
  • Borst has a broad background working in many areas of the Argo business, including his time in London as chief administrative officer for International Operations prior to his promotion to chief administrative officer for the Group.
  • ABOUT ARGO GROUP INTERNATIONAL HOLDINGS LTD.
    Argo Group International Holdings, Ltd. (Argo) (NYSE: ARGO), is an underwriter of specialty insurance products in the property and casualty market.

AM Best Withdraws Credit Ratings of Union Security Life Insurance Company of New York

Retrieved on: 
Wednesday, August 11, 2021
Professional Services, Insurance, Finance, Risk management, Industry, News, Assurant, Sun Life Financial, Review, CUNA Mutual Group, Credit, Good, ALL, Sale, AM Best, Insurance, Data, Finance, AM, Union

Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Bests interactive rating process.

Key Points: 
  • Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Bests interactive rating process.
  • The ratings reflect Union Security Life Insurance Company of New Yorks balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
  • The rating downgrades reflect the diminished strategic importance of Union Security Life Insurance Company of New York to its parent, Assurant Inc., after the sale of its preneed business to CUNA Mutual Group.
  • The negative outlooks reflect Union Security Life Insurance Company of New Yorks contracting business profile, which AM Best assesses as limited.

AM Best Revises Outlooks to Negative for Société Tunisienne de Réassurance

Retrieved on: 
Wednesday, August 11, 2021
Insurance, Professional Services, Risk management, Industry, Income, CEO, News, Pressure, Credit, ALL, GWP, AM Best, Risk, Insurance, Data, Investment, ERM, AM

Tunis Re has significant exposure to Tunisia, where the company held approximately 96% of its investments at year-end 2020.

Key Points: 
  • Tunis Re has significant exposure to Tunisia, where the company held approximately 96% of its investments at year-end 2020.
  • AM Best expects the companys risk-adjusted capitalisation to remain at the strongest level over the medium term, supported by good organic capital generation.
  • AM Best expects Tunis Res prospective operating performance to be driven by investment income, supported by stabilising underwriting results.
  • 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 Negative Implications and Affirms Credit Ratings of Bankers Insurance Group’s Members

Retrieved on: 
Wednesday, August 11, 2021
Insurance, Professional Services, Industry, News, Pressure, Bank, Review, Program, Credit, Good, ALL, Erosion, AM Best, Insurance, Weather, Data, ERM, AM, Risk management

The outlook assigned to these Credit Ratings (ratings) is negative.

Key Points: 
  • The outlook assigned to these 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 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 Places Credit Ratings of American National Insurance Company and Subsidiaries Under Review With Developing Implications

Retrieved on: 
Tuesday, August 10, 2021
Professional Services, Insurance, Finance, ANICO, Industry, News, Credit rating, Partner, Review, Garden State Life Insurance Company, Credit, ALL, American National Insurance Company, Sale, AM Best, National Life and Accident Insurance Company, FSR, Insurance, Data, Acquisition, NASDAQ, AM, Risk management

AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of American National Insurance Company (ANICO) and its life/health subsidiaries, American National Life Insurance Company of Texas, American National Life Insurance Company of New York (Glenmont, NY) and Standard Life and Accident Insurance Company.

Key Points: 
  • AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of American National Insurance Company (ANICO) and its life/health subsidiaries, American National Life Insurance Company of Texas, American National Life Insurance Company of New York (Glenmont, NY) and Standard Life and Accident Insurance Company.
  • Concurrently, AM Best has placed under review with developing implications the FSR of A (Excellent) and the Long-Term ICR of a (Excellent) for Garden State Life Insurance Company.
  • In addition, AM Best has placed under review with developing implications the FSR of A (Excellent) and the Long-Term ICRs of a+ (Excellent) of American National Property and Casualty Company (Springfield, MO), and its subsidiaries, American National General Insurance Company (Springfield, MO); ANPAC Louisiana Insurance Company (Baton Rouge, LA); American National Lloyds Insurance Company; Pacific Property and Casualty Company (San Jose, CA); and its affiliates, American National County Mutual Insurance Company, Farm Family Casualty Insurance Company and United Farm Family Insurance Company (both domiciled in Glenmont, NY).
  • These companies are property/casualty subsidiaries of ANICO, which is a subsidiary of American National Group, Inc. (American National) [NASDAQ: ANAT].

AM Best Affirms Credit Ratings of National Western Life Group, Inc. and Its Subsidiaries

Retrieved on: 
Tuesday, August 10, 2021
Insurance, Professional Services, Risk management, Industry, Centennial, News, National Western Life, Risk, Credit, Good, ALL, AM Best, COVID-19, FSR, GAAP, Insurance, NWLI, Data, Acquisition, NASDAQ, ERM, AM

Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- (Excellent) of Ozark National Life Insurance Company (Ozark) (Kansas City, MO).

Key Points: 
  • Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of a- (Excellent) of Ozark National Life Insurance Company (Ozark) (Kansas City, MO).
  • In addition, AM Best has affirmed the Long-Term ICR of bbb (Good) of National Western Life Group, Inc. (headquartered in Austin, TX) [NASDAQ:NWLI], the parent holding company of NWLIC and Ozark.
  • 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 Upgrades Credit Ratings of Bondex Insurance Company

Retrieved on: 
Tuesday, August 10, 2021
Insurance, Professional Services, Industry, News, Risk, Credit, Good, ALL, AM Best, COVID-19, Insurance, Data, Finance, ERM, AM, Risk management, Reinsurance

AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to bbb (Good) from bbb- (Good) of Bondex Insurance Company (Bondex) (Florham Park, NJ).

Key Points: 
  • AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to bbb (Good) from bbb- (Good) of Bondex Insurance Company (Bondex) (Florham Park, NJ).
  • These Credit Ratings (ratings) reflect Bondexs balance sheet strength, which AM Best assesses as adequate, as well as its adequate 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 .