Tewksbury Township, New Jersey

AM Best Affirms Credit Ratings of Covéa Coopérations

Retrieved on: 
Thursday, September 26, 2019
Insurance, Professional services, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Cova, Rating

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ of Cova Cooprations (France).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ of Cova Cooprations (France).
  • The ratings reflect Cova Cooprations balance sheet strength, which AM Best categorises as strongest, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management.
  • The ratings factor in Cova Cooprations strategic importance to Socit de Groupe dAssurance Mutuelle Cova (Cova or the group), a leading mutual insurance group in France.
  • 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 Primerica, Inc. and Its Subsidiaries

Retrieved on: 
Wednesday, September 25, 2019
Insurance, Professional services, Finance, Economy, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Credit rating

AM Best also has affirmed the Long-Term Issue Credit Rating of a- on $375 million 4.75% senior unsecured notes due 2022 of Primerica.

Key Points: 
  • AM Best also has affirmed the Long-Term Issue Credit Rating of a- on $375 million 4.75% senior unsecured notes due 2022 of Primerica.
  • The ratings also reflect strong liquidity, as well as solid financial leverage and interest coverage ratios that are within AM Best guidelines for these ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 BUPA México, Compañía de Seguros, S.A. de C.V.

Retrieved on: 
Thursday, September 19, 2019
Professional services, Insurance, Finance, Credit rating agencies, Finance, Economy, AM Best, Tewksbury Township, New Jersey, Credit rating, Audience measurement

The ratings also consider the parents creditworthiness and the access to BUPAs well-established network and other resources, which enhance BICs competitive advantage.

Key Points: 
  • The ratings also consider the parents creditworthiness and the access to BUPAs well-established network and other resources, which enhance BICs competitive advantage.
  • AM Best anticipates that the operational support and financial flexibility afforded by BUPA will continue.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Sponsor Gamma Iota Sigma’s 2019 Annual Conference

Retrieved on: 
Thursday, September 19, 2019
Professional services, Health, Infectious diseases, Finance, Banking, Economy, Finance, Money, Insurance industry, AM Best, Tewksbury Township, New Jersey, Gamma Iota Sigma, Insurance, Actuarial science, Credit rating agency

AM Best is a silver sponsor of the 48th Annual International Conference of Gamma Iota Sigma, the international risk management, insurance and actuarial science collegiate fraternity, from Sept. 2628, 2019, in Dallas, TX.

Key Points: 
  • AM Best is a silver sponsor of the 48th Annual International Conference of Gamma Iota Sigma, the international risk management, insurance and actuarial science collegiate fraternity, from Sept. 2628, 2019, in Dallas, TX.
  • Attendees can stop by booth 31 to learn about how AM Best is committed to supporting the education and development of the next generation of insurance industry professionals.
  • Representatives will be on hand to discuss AM Best's role in the insurance industry as a credit rating agency, news publisher and data provider.
  • AM Best is a global credit rating agency and information provider with an exclusive focus on the insurance industry.

AM Best Assigns Credit Ratings to Cerity Insurance Company

Retrieved on: 
Tuesday, September 17, 2019
Insurance, Professional services, Economy, Finance, Money, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Credit rating, Insurance

AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a- to Cerity Insurance Company (Cerity) (formerly licensed as PartnerRe Insurance Company of New York).

Key Points: 
  • AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of a- to Cerity Insurance Company (Cerity) (formerly licensed as PartnerRe Insurance Company of New York).
  • Concurrently, AM Best has withdrawn the FSR of A- (Excellent) and the Long-Term ICR of a- of PartnerRe Insurance Company of New York (New York, NY).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Assigns Issue Credit Rating to The Northwestern Mutual Life Insurance Company’s New Surplus Notes

Retrieved on: 
Friday, September 13, 2019
Insurance, Professional services, Economy, Finance, Money, Credit rating agencies, Credit, AM Best, Tewksbury Township, New Jersey, Insurance, Credit rating

AM Best has assigned a Long-Term Issue Credit Rating of aa to the $600 million 3.625% surplus notes due 2059 issued by The Northwestern Mutual Life Insurance Company (Northwestern Mutual) (Milwaukee, WI).

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of aa to the $600 million 3.625% surplus notes due 2059 issued by The Northwestern Mutual Life Insurance Company (Northwestern Mutual) (Milwaukee, WI).
  • The newly issued surplus notes, in addition to its existing surplus notes, will remain subordinate to policyholder liabilities and will require regulatory approval for payments.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Downgrades Credit Ratings of Aegon N.V.’s U.S. Subsidiaries

Retrieved on: 
Thursday, September 12, 2019
Finance, Banking, Professional services, Insurance, Credit rating agencies, Finance, Economy, AM Best, Tewksbury Township, New Jersey, Credit rating, Rating

The outlook of these Credit Ratings (ratings) have been revised to stable from negative.

Key Points: 
  • The outlook of these Credit Ratings (ratings) have been revised to stable from negative.
  • The ratings reflect Aegon USAs balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Pacific LifeCorp and Its Rated Insurance Subsidiaries

Retrieved on: 
Monday, September 9, 2019
Finance, Banking, Professional services, Insurance, Economy, Finance, Money, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Insurance

AM Best has commented that the Credit Ratings (ratings) of Pacific LifeCorp and its insurance subsidiaries, the members of Pacific Life Group (Pacific Life) (headquartered in Newport Beach, CA): Pacific Life Insurance Company and Pacific Life & Annuity Company, remain unchanged following the announcement of the all-cash sale of their 75.5% share in Aviation Capital Group (ACG) to Tokyo Century Corporation.

Key Points: 
  • AM Best has commented that the Credit Ratings (ratings) of Pacific LifeCorp and its insurance subsidiaries, the members of Pacific Life Group (Pacific Life) (headquartered in Newport Beach, CA): Pacific Life Insurance Company and Pacific Life & Annuity Company, remain unchanged following the announcement of the all-cash sale of their 75.5% share in Aviation Capital Group (ACG) to Tokyo Century Corporation.
  • ACG was owned indirectly by Pacific Life, carried as a Schedule BA asset for $1.9 billion on Pacific Life Insurance Companys statutory statement as of year-end 2018.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Prudential Financial, Inc. and Its Subsidiaries Following Its Announced Acquisition of Assurance IQ, Inc.

Retrieved on: 
Thursday, September 5, 2019
Professional services, Insurance, Finance, Economy, Finance, Credit rating agencies, Market research, AM Best, Tewksbury Township, New Jersey, Credit rating, Audience measurement

Prudential plans to offer its own financial wellness solutions on the Assurance platform alongside those of third-party providers.

Key Points: 
  • Prudential plans to offer its own financial wellness solutions on the Assurance platform alongside those of third-party providers.
  • AM Best expects the platform to help grow Prudentials direct-to-consumer distribution while lowering customer acquisition costs, as well as creating a new earnings stream.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 Members of Optimum General Companies

Retrieved on: 
Friday, August 30, 2019
Finance, Banking, Professional services, Insurance, Economy, Finance, Money, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Credit rating, Insurance, MBIA

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to a from a- of the members of Optimum General Companies (Optimum General).

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 from a- of the members of Optimum General Companies (Optimum General).
  • Optimum General consists of Optimum Insurance Company Inc. (Montreal, Quebec), Optimum West Insurance Company Inc. (Burnaby, British Columbia) and Optimum Farm Insurance Inc. (Trois-Rivieres, Quebec).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding 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 .