Tewksbury Township, New Jersey

AM Best Affirms Credit Ratings of DTRIC Insurance Company, Limited and DTRIC Insurance Underwriters, Limited

Friday, June 11, 2021 - 3:50pm

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of DTRIC Insurance Company, Limited (DTRIC), and its reinsured affiliate, DTRIC Insurance Underwriters, Limited.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of DTRIC Insurance Company, Limited (DTRIC), and its reinsured affiliate, DTRIC Insurance Underwriters, Limited.
  • The ratings reflect DTRICs balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
  • 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 Upgrades Credit Ratings of Security Mutual Insurance Company and Pittstown Cooperative Fire Insurance Company

Friday, June 11, 2021 - 1:38pm

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to a (Excellent) from a- (Excellent) of Security Mutual Insurance Company (Security Mutual) and Pittstown Cooperative Fire Insurance Company (Pittstown) (collectively referred to as Security Mutual Group).

Key Points: 
  • AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to a (Excellent) from a- (Excellent) of Security Mutual Insurance Company (Security Mutual) and Pittstown Cooperative Fire Insurance Company (Pittstown) (collectively referred to as Security Mutual Group).
  • The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
  • 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 Places Credit Ratings of Capacity Insurance Company Under Review With Developing Implications

Thursday, June 10, 2021 - 9:40pm

AM Best has placed under review with developing implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- (Good) of Capacity Insurance Company (Capacity) (Sunrise, FL).

Key Points: 
  • AM Best has placed under review with developing implications the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- (Good) of Capacity Insurance Company (Capacity) (Sunrise, FL).
  • Capacitys Credit Ratings (ratings) were placed under review with developing implications following the recent announcement that Team Focus Insurance Group, LLC (Team Focus), the holding company for Capacity, and PEAK6 InsurTech (PEAK6) have entered into a definitive purchase agreement where PEAK6 will be purchasing the majority of Team Focus.
  • 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 Developing Implications and Affirms Credit Ratings of The Gray Casualty & Surety Company

Thursday, June 10, 2021 - 6:52pm

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of The Gray Casualty & Surety Company (GCSC) (Metairie, LA).

Key Points: 
  • AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of The Gray Casualty & Surety Company (GCSC) (Metairie, LA).
  • The outlook assigned to 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 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 Scotia Reinsurance Limited

Wednesday, June 9, 2021 - 7:56pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of Scotia Reinsurance Limited (Scotia Re) (Barbados).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of Scotia Reinsurance Limited (Scotia Re) (Barbados).
  • 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 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 Places Credit Ratings of Aegis Security Insurance Company Under Review With Negative Implications

Wednesday, June 9, 2021 - 7:01pm

AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Aegis Security Insurance Company (Aegis) (Harrisburg, PA).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Aegis Security Insurance Company (Aegis) (Harrisburg, PA).
  • The Credit Rating (rating) outlooks for Aegis had previously been negative, and the under review with negative implications status reflects AM Best's concern regarding the prospective balance sheet strength, operating performance and the organizations changing business profile.
  • 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 Architects & Engineers Insurance Company, A Risk Retention Group

Wednesday, June 9, 2021 - 4:44pm

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

Key Points: 
  • Concurrently, AM Best has withdrawn the ratings as the company has requested to no longer participate in AM Bests interactive ratings process.
  • The Credit Ratings (ratings) reflect AEICs balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
  • 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 and Affirms Credit Ratings of Great American Life Insurance Company and Subsidiaries

Friday, June 4, 2021 - 6:20pm

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issue Credit Ratings (Long-Term ICR) of aa- (Superior) of Great American Life Insurance Company (GALIC) and its key subsidiary, Annuity Investors Life Insurance Company (AILIC) (collectively referred to as Great America Life Group).

Key Points: 
  • AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issue Credit Ratings (Long-Term ICR) of aa- (Superior) of Great American Life Insurance Company (GALIC) and its key subsidiary, Annuity Investors Life Insurance Company (AILIC) (collectively referred to as Great America Life Group).
  • Concurrently AM Best has removed from under review with developing implications and affirmed the FSR of B++ (Good) and the Long-Term ICR of bbb+ (Good) of Manhattan National Life Insurance Company (Manhattan Life), a life insurance subsidiary of GALIC.
  • 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 Places the Credit Ratings of Safepoint Insurance Company Under Review with Negative Implications

Wednesday, June 2, 2021 - 10:20pm

AM Best has placed under review with negative implications the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of bb- (Fair) of Safepoint Insurance Company (Safepoint) (Temple Terrace, FL).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of bb- (Fair) of Safepoint Insurance Company (Safepoint) (Temple Terrace, FL).
  • The under review with negative implications status for Safepoint reflects its near-term capital management plan for its holding company, Safepoint Holdings, Inc.
  • 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 Kuwait Reinsurance Company K.S.C.P.

Friday, May 28, 2021 - 5:48pm

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Kuwait Reinsurance Company K.S.C.P.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Kuwait Reinsurance Company K.S.C.P.
  • The ratings reflect Kuwait Res balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
  • 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 .