Tewksbury Township, New Jersey

AM Best Affirms Credit Ratings of Thaire Life Assurance Public Company Limited

Retrieved on: 
Thursday, July 22, 2021
Professional services, Insurance, Finance, Credit rating agencies, Credit, AM Best, Tewksbury Township, New Jersey, Credit rating, Economy

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

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Thaire Life Assurance Public Company Limited (Thaire Life) (Thailand).
  • AM Best assesses Thaire Lifes operating performance as strong, with the company having reported a five-year weighted average return-on-equity ratio of 19% (2016-2020).
  • 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 Comments on Credit Ratings of Great-West Lifeco Inc. and Its Subsidiaries Following Announced Acquisition of Prudential’s Retirement Business

Retrieved on: 
Wednesday, July 21, 2021
Professional services, Insurance, Finance, Credit rating agencies, Finance, Money, AM Best, Tewksbury Township, New Jersey, Empower Retirement, Government procurement in the United States, Service companies

AM Best notes that Empower Retirement has a favorable track record of successfully acquiring and integrating prior acquisitions and the acquisition of Prudentials retirement business will significantly increase the companys scale and market share in the full-service retirement space.

Key Points: 
  • AM Best notes that Empower Retirement has a favorable track record of successfully acquiring and integrating prior acquisitions and the acquisition of Prudentials retirement business will significantly increase the companys scale and market share in the full-service retirement space.
  • This press release relates to Credit Ratings that have been published on AM Bests website.
  • 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 Assigns Credit Ratings to Wysh Life and Health Insurance Company

Retrieved on: 
Tuesday, July 20, 2021
Professional services, Insurance, Finance, Finance, Money, Credit rating agencies, Actuarial science, Economy, AM Best, Tewksbury Township, New Jersey, Enterprise risk management, Insurance, Credit rating

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Wysh Life and Health Insurance Company (WLHIC) (Milwaukee, WI). The outlook assigned to the Credit Ratings (ratings) is stable.

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Wysh Life and Health Insurance Company (WLHIC) (Milwaukee, WI).
  • The ratings reflect Wysh Life and Health Insurance Companys 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 use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Best’s Review’s Leaders Issue Features Exclusive Data on the Industry’s Top Businesses

Retrieved on: 
Thursday, July 15, 2021
Insurance, Professional services, AM Best, Tewksbury Township, New Jersey, Credit rating agency

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Key Points: 
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
  • For more information, visit www.ambest.com .
  • Copyright 2021 by A.M. Best Company, Inc. and/or its affiliates.

AM Best Affirms Credit Ratings of Samsung Fire & Marine Insurance Company of Europe Limited

Retrieved on: 
Thursday, July 15, 2021
Banking, Professional services, Insurance, Finance, Finance, Money, Companies, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Samsung Fire & Marine Insurance, Samsung Electronics, Credit rating, Insurance

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of Samsung Fire & Marine Insurance Company of Europe Limited (SFME) (United Kingdom).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of Samsung Fire & Marine Insurance Company of Europe Limited (SFME) (United Kingdom).
  • The ratings also factor in both implicit and explicit support from SFMEs parent, Samsung Fire & Marine Insurance Co., Ltd (SFMI).
  • 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 Removes From Under Review With Developing Implications and Affirms Credit Ratings of Singapore Reinsurance Corporation Limited

Retrieved on: 
Thursday, July 15, 2021
Insurance, Professional services, Finance, Countries, Actuarial science, Insurance, Credit rating agencies, Reinsurance companies, AM Best, Tewksbury Township, New Jersey, Enterprise risk management, Fairfax Financial, Reinsurance, Singapore

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 Singapore Reinsurance Corporation Limited (Singapore Re) (Singapore).

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 Singapore Reinsurance Corporation Limited (Singapore Re) (Singapore).
  • The ratings reflect Singapore Res balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
  • In addition, the ratings factor in rating enhancement from the companys ultimate parent, Fairfax Financial Holdings Limited (Fairfax group).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

AM Best Withdraws Credit Ratings of Western Home Insurance Company

Retrieved on: 
Tuesday, July 13, 2021
Banking, Professional services, Insurance, Finance, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Insurance, Finance, Service companies

AM Best has withdrawn the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of aa- (Superior) of Western Home Insurance Company (Western Home) (Edina, MN).

Key Points: 
  • AM Best has withdrawn the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of aa- (Superior) of Western Home Insurance Company (Western Home) (Edina, MN).
  • In addition, Western Home was a member of Western National Insurance Pool; all ratings of the pools remaining members remain unchanged.
  • Western Home was acquired by Obsidian Insurance Holdings, Inc. (Obsidian), a hybrid-fronting group, from Western National Mutual Insurance Company (Western National).
  • 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 Boston Indemnity Company, Inc. Under Review With Developing Implications

Retrieved on: 
Friday, July 9, 2021
Insurance, Professional services, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Insurance

AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Boston Indemnity Company, Inc. (BIC), headquartered in Houston, TX.

Key Points: 
  • AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Boston Indemnity Company, Inc. (BIC), headquartered in Houston, TX.
  • BICs Credit Ratings (ratings) were placed under review with developing implications following an agreement on the sale of BIC from Great Midwest Insurance Company, a subsidiary of Skyward Specialty Insurance Group Inc., to Ascot Insurance Company, a member of the Ascot 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 Affirms Credit Ratings of La Colonial, S.A. - Compañía de Seguros

Retrieved on: 
Friday, July 9, 2021
Insurance, Professional services, Credit rating agencies, Spanish West Indies, Countries, Finance, Spanish Empire, AM Best, Tewksbury Township, New Jersey, Credit rating, Dominican Republic, Santo Domingo

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of La Colonial, S.A. Compaa de Seguros (La Colonial) (Santo Domingo, Dominican Republic).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of La Colonial, S.A. Compaa de Seguros (La Colonial) (Santo Domingo, Dominican Republic).
  • La Colonial is the fourth-largest insurance company in the Dominican Republic, with a 9.2% market share as of September 2020.
  • 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 Fidelity Life Assurance Company Limited Under Review With Developing Implications

Retrieved on: 
Friday, July 9, 2021
Banking, Professional services, Insurance, Finance, Credit rating agencies, Credit, AM Best, Tewksbury Township, New Jersey, Economy, Insurance, Credit rating

The transaction also includes the establishment of an exclusive 15-year life insurance distribution arrangement with Westpac New Zealand Limited.

Key Points: 
  • The transaction also includes the establishment of an exclusive 15-year life insurance distribution arrangement with Westpac New Zealand Limited.
  • The ratings will remain under review pending completion of the acquisition, and until AM Best can complete its assessment of Fidelity Lifes post-acquisition credit rating fundamentals.
  • 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 .