Tewksbury Township, New Jersey

AM Best Affirms Credit Ratings of Solen Versicherungen AG and Noble Assurance Company

Retrieved on: 
Friday, June 18, 2021
Insurance, Professional services, Credit rating agencies, 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 Solen Versicherungen AG (SVAG) (Switzerland) and Noble Assurance Company (Noble) (Texas, U.S.A.).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of Solen Versicherungen AG (SVAG) (Switzerland) and Noble Assurance Company (Noble) (Texas, U.S.A.).
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • 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 Corporate Solutions Life Reinsurance Company

Retrieved on: 
Thursday, June 17, 2021
Other Professional Services, Professional services, Insurance, Credit rating agencies, Finance, Reinsurance companies, AM Best, Tewksbury Township, New Jersey, Credit rating

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- (Good) of Corporate Solutions Life Reinsurance Company (Corporate Solutions) (Wilmington, DE).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- (Good) of Corporate Solutions Life Reinsurance Company (Corporate Solutions) (Wilmington, DE).
  • The ratings reflect Corporate Solutions balance sheet strength, which AM Best assesses as strong, as well as the companys marginal operating performance, very 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 Friday Health Plans of Colorado, Inc.

Retrieved on: 
Wednesday, June 16, 2021
Insurance, Professional services, Finance, Money, Credit rating agencies, Economy, AM Best, Tewksbury Township, New Jersey, Credit rating, Enterprise risk management

These Credit Ratings (ratings) reflect Friday Health Plans of Colorados balance sheet strength, which AM Best assesses as very weak, as well as its marginal operating performance, limited business profile and weak enterprise risk management.

Key Points: 
  • These Credit Ratings (ratings) reflect Friday Health Plans of Colorados balance sheet strength, which AM Best assesses as very weak, as well as its marginal operating performance, limited business profile and weak enterprise risk management.
  • The improvement is primarily driven by capital support provided by Friday Health Plan of Colorados parent, Friday Health Plans, Inc. (Friday Health Plans), which completed a $50 million capital fundraising in 2020, and deployed $11 million in surplus notes and $7.5 million in equity to Friday Health Plans of Colorado.
  • 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 DTRIC Insurance Company, Limited and DTRIC Insurance Underwriters, Limited

Retrieved on: 
Friday, June 11, 2021
Banking, Professional services, Insurance, Finance, Credit rating agencies, Finance, AM Best, Tewksbury Township, New Jersey, Insurance, Credit rating

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

Retrieved on: 
Friday, June 11, 2021
Insurance, Professional services, Finance, Credit rating agencies, Credit, Economy, AM Best, Tewksbury Township, New Jersey, Credit rating, Insurance

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

Retrieved on: 
Thursday, June 10, 2021
Professional services, Insurance, Finance, Finance, Money, Credit rating agencies, Economy, AM Best, Tewksbury Township, New Jersey, Credit rating

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

Retrieved on: 
Thursday, June 10, 2021
Insurance, Professional services, Finance, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Credit rating

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

Retrieved on: 
Wednesday, June 9, 2021
Banking, Professional services, Insurance, Finance, Finance, Credit rating agencies, Reinsurance companies, AM Best, Tewksbury Township, New Jersey, Credit rating, Malaysian Re

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

Retrieved on: 
Wednesday, June 9, 2021
Insurance, Professional services, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, R rating

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

Retrieved on: 
Wednesday, June 9, 2021
Insurance, Professional services, Finance, Credit rating agencies, Money, Economy, AM Best, Tewksbury Township, New Jersey, Credit rating, Enterprise risk management

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 .