Tewksbury Township, New Jersey

AM Best Affirms Credit Ratings of Berkley International Fianzas Mexico S.A.

Retrieved on: 
Friday, May 10, 2019

AM Best has affirmed the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of aa- and the Mexico National Scale Rating of aaa.MX of Berkley International Fianzas Mexico S.A. (BFM) (Mexico City, Mexico).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of aa- and the Mexico National Scale Rating of aaa.MX of Berkley International Fianzas Mexico S.A. (BFM) (Mexico City, Mexico).
  • Additionally, the ratings factor in BFMs integration with its parent company, W. R. Berkley Corporation (W. R. Berkley), in terms of underwriting, ERM and capital commitments.
  • 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 Police Health Plan Limited

Retrieved on: 
Friday, May 10, 2019

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Police Health Plan Limited (PHP) (New Zealand).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Police Health Plan Limited (PHP) (New Zealand).
  • The outlook of these Credit Ratings (ratings) is stable.
  • 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 Ecclesiastical Insurance Office plc

Retrieved on: 
Friday, May 10, 2019

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Ecclesiastical Insurance Office plc (EIO) (United Kingdom).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of Ecclesiastical Insurance Office plc (EIO) (United Kingdom).
  • The outlook of these Credit Ratings (ratings) remains stable.
  • 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 Credit Ratings to Members of ReliaStar Life Insurance Group

Retrieved on: 
Thursday, May 9, 2019

AM Best has assigned a Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ to ReliaStar Life Insurance Company of New York (Woodbury, NY) and ReliaStar Life Insurance Company (Minneapolis, MN) collectively known as ReliaStar Life Insurance Group (ReliaStar).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ to ReliaStar Life Insurance Company of New York (Woodbury, NY) and ReliaStar Life Insurance Company (Minneapolis, MN) collectively known as ReliaStar Life Insurance Group (ReliaStar).
  • Both companies are life insurance subsidiaries of Voya Financial, Inc., which is headquartered in 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 Affirms Credit Ratings of Massachusetts Mutual Life Insurance Company and Its Subsidiaries

Retrieved on: 
Thursday, May 2, 2019

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of aa+ of Massachusetts Mutual Life Insurance Company (MassMutual) and its life/health subsidiaries, C.M.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of aa+ of Massachusetts Mutual Life Insurance Company (MassMutual) and its life/health subsidiaries, C.M.
  • Life Insurance Company and MML Bay State Life Insurance Company (both domiciled in Enfield, CT).
  • 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 Insurance Subsidiaries of Nassau Insurance Group Holdings, L.P.

Retrieved on: 
Wednesday, May 1, 2019

AM Best has upgraded the Financial Strength Rating (FSR) to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to bbb- from bb+ of Nassau Life Insurance Company and PHL Variable Insurance Company, collectively known as Nassau Insurance Group.

Key Points: 
  • AM Best has upgraded the Financial Strength Rating (FSR) to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to bbb- from bb+ of Nassau Life Insurance Company and PHL Variable Insurance Company, collectively known as Nassau Insurance Group.
  • In addition, AM Best has upgraded the Long-Term ICR to b+ from b of The Nassau Companies of New York, Inc. (Nassau of NY) and upgraded its existing Long-Term Issue Credit Ratings (Long-Term IRs).
  • The ratings of Nassau Insurance Group reflect its balance sheet strength, which AM Best categorizes as adequate, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management (ERM).
  • 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 Dubai Insurance Company (PSC)

Retrieved on: 
Wednesday, May 1, 2019

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Dubai Insurance Company (PSC) (DIC) (United Arab Emirates).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Dubai Insurance Company (PSC) (DIC) (United Arab Emirates).
  • The outlook of these Credit Ratings (ratings) is stable.
  • 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 Under Review Status of Lackawanna Casualty Company and Its Subsidiaries Following Acquisition

Retrieved on: 
Friday, April 26, 2019

AM Best has commented that the under review with negative implications status, the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings of a of Lackawanna Casualty Company and its subsidiaries, Lackawanna American Insurance Company and Lackawanna National Insurance Company (collectively referred to as Lackawanna Insurance Group or Lackawanna), remain unchanged following the completion of Lackawannas acquisition by Group One Thousand One, LLC on April 1, 2019, through its subsidiary, Delaware Life Insurance Company.

Key Points: 
  • AM Best has commented that the under review with negative implications status, the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings of a of Lackawanna Casualty Company and its subsidiaries, Lackawanna American Insurance Company and Lackawanna National Insurance Company (collectively referred to as Lackawanna Insurance Group or Lackawanna), remain unchanged following the completion of Lackawannas acquisition by Group One Thousand One, LLC on April 1, 2019, through its subsidiary, Delaware Life Insurance Company.
  • Lackawannas Credit Ratings (ratings) will remain under review with negative implications until AM Best completes its discussions with management and finalizes its analysis of the companys prospective business plan under its new parent.
  • 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 Association of Insurance Compliance Professional’s 2019 Northwest Chapter E-Day

Retrieved on: 
Wednesday, April 24, 2019

AM Best will sponsor the Association of Insurance Compliance Professional (AICP) NW Chapter E-day on May 8, 2019, at the Courtyard by Marriott in Tacoma, WA.

Key Points: 
  • AM Best will sponsor the Association of Insurance Compliance Professional (AICP) NW Chapter E-day on May 8, 2019, at the Courtyard by Marriott in Tacoma, WA.
  • AM Best is a trusted source of insurance market insight and data, and the only global credit rating agency with a unique focus on the insurance industry.
  • Best's Credit Ratings are a recognized indicator of insurer financial strength and creditworthiness.
  • Copyright 2019 by A.M. Best Company, Inc. and/or its affiliates.

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Tri-State Consumer Insurance Company

Retrieved on: 
Wednesday, April 24, 2019

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Tri-State Consumer Insurance Company (Tri-State) (Jericho, NY).

Key Points: 
  • AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Tri-State Consumer Insurance Company (Tri-State) (Jericho, NY).
  • The outlook assigned to these Credit Ratings (ratings) is negative.
  • AM Best placed Tri-States ratings under review with negative implications on Dec. 10, 2018, following the announcement of the stock purchase agreement to sell Tri-State to Standard Diversified Inc.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .