Tewksbury Township, New Jersey

AM Best Revises Outlooks to Stable for Tugu Insurance Company Limited

Retrieved on: 
Wednesday, April 14, 2021
Insurance, Professional services, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, XE-class submarine, Credit rating, XC2, Economy

TIC\xe2\x80\x99s operating performance has been unstable over the previous five years, due to significant reserve movements and volatile claims experience in its commercial lines-focused portfolio.

Key Points: 
  • TIC\xe2\x80\x99s operating performance has been unstable over the previous five years, due to significant reserve movements and volatile claims experience in its commercial lines-focused portfolio.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\xe2\x80\x99s Credit Ratings .
  • 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 .\nCopyright \xc2\xa9 2021 by A.M. Best Rating Services, Inc. and/or its affiliates.

AM Best to Discuss Directors and Officers Coverage Trends During RIMS Live 2021 Presentation

Retrieved on: 
Tuesday, April 13, 2021
Professional services, Insurance, Finance, Articles, AM Best, Tewksbury Township, New Jersey, Analytics, XE-class submarine, Me Too movement, Insurance, XC2

b'AM Best will present an on-demand session regarding trends within directors and officers (D&O) insurance coverage at this month\xe2\x80\x99s virtual RIMS Live 2021 Conference.\nSridhar Manyem, director, industry research and analytics, AM Best, will lead the online session, titled, \xe2\x80\x9cD&O Insurance: Coping with Increased Litigation in the #MeToo and Black Lives Matter Era,\xe2\x80\x9d which will be featured within RIMS\xe2\x80\x99 innovation hub.

Key Points: 
  • b'AM Best will present an on-demand session regarding trends within directors and officers (D&O) insurance coverage at this month\xe2\x80\x99s virtual RIMS Live 2021 Conference.\nSridhar Manyem, director, industry research and analytics, AM Best, will lead the online session, titled, \xe2\x80\x9cD&O Insurance: Coping with Increased Litigation in the #MeToo and Black Lives Matter Era,\xe2\x80\x9d which will be featured within RIMS\xe2\x80\x99 innovation hub.
  • The annual event includes continuing education and networking opportunities for risk management professionals.
  • 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 .\nCopyright \xc2\xa9 2021 by A.M. Best Company, Inc. and/or its affiliates.

AM Best Affirms Credit Ratings of CESCE México, S.A. de C.V. and CESCE Fianzas México, S.A. de C.V.

Retrieved on: 
Thursday, April 8, 2021
Banking, Professional services, Insurance, Finance, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Credit rating, Economy

Partially offsetting these positive rating factors are CESCEMs historically negative bottom-line results and the intense competition in Mexicos credit insurance segment.

Key Points: 
  • Partially offsetting these positive rating factors are CESCEMs historically negative bottom-line results and the intense competition in Mexicos credit insurance segment.
  • With regard to CESCEF, the aforementioned positive rating factors are offset partially by the intense competition in Mexicos surety segment.
  • 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 to Host Webinar on Identity Management Strategies for Optimal Claims Experience

Retrieved on: 
Tuesday, April 6, 2021
Insurance, Professional services, AM Best, Tewksbury Township, New Jersey, Credit rating agency

The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

Key Points: 
  • The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.
  • 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.
  • Copyright 2021 by A.M. Best Company, Inc. and/or its affiliates.

AM Best Downgrades Credit Ratings of Lifetime Income Limited; Maintains Under Review With Negative Implications Status

Retrieved on: 
Thursday, April 1, 2021
Insurance, Professional services, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Insurance, Credit rating

Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings).

Key Points: 
  • Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings).
  • AM Best notes that during this period, the Lifetime Income Fund (LIF) has been closed to new investments from new and existing policyholders.
  • 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 Maintains Under Review With Negative Implications Status for Credit Ratings of XL Seguros México, S.A. de C.V.

Retrieved on: 
Wednesday, March 31, 2021
Professional services, Insurance, Finance, Finance, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, AXA, Credit rating, Economy

AM Best placed these Credit Ratings (ratings) under review with negative implications on Sept. 11, 2020, following the announcement that the legal authorization to transfer XLSMs portfolio to AXA Seguros, S.A. de C.V. (AXA Seguros) had been requested.

Key Points: 
  • AM Best placed these Credit Ratings (ratings) under review with negative implications on Sept. 11, 2020, following the announcement that the legal authorization to transfer XLSMs portfolio to AXA Seguros, S.A. de C.V. (AXA Seguros) had been requested.
  • Due to this event, AM Best no longer considers XLSM as strategically important and has removed its group status.
  • 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 Revises Outlooks to Stable for Members of Farm Bureau of Idaho Group

Retrieved on: 
Wednesday, March 31, 2021
Professional services, Insurance, Finance, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, American Farm Bureau Federation, Insurance, Finance, Service companies

AM Best has revised outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Farm Bureau Mutual Insurance Company of Idaho and its indirect subsidiary, Western Community Insurance Company, collectively referred to as Farm Bureau of Idaho Group (Farm Bureau of Idaho).

Key Points: 
  • AM Best has revised outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Farm Bureau Mutual Insurance Company of Idaho and its indirect subsidiary, Western Community Insurance Company, collectively referred to as Farm Bureau of Idaho Group (Farm Bureau of Idaho).
  • These Credit Ratings (ratings) reflect Farm Bureau of Idahos balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Assigns Credit Ratings to Starr International Insurance (Switzerland) AG

Retrieved on: 
Wednesday, March 31, 2021
Other Professional Services, Professional services, Insurance, Credit rating agencies, Finance, AM Best, Tewksbury Township, New Jersey, Credit rating

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a to Starr International Insurance (Switzerland) AG (Starr Switzerland).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a to Starr International Insurance (Switzerland) AG (Starr Switzerland).
  • Starr Switzerland and SIRL are wholly owned subsidiaries of Starr International Company Inc (Switzerland), a private investment holding company.
  • 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 Agrinational Insurance Company and Its Subsidiary

Retrieved on: 
Thursday, March 25, 2021
Insurance, Professional services, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Insurance, Finance, Service companies

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- of Agrinational Insurance Company and its wholly owned subsidiary, ADM Insurance Company (collectively referred to as ADM Insurance Group).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- of Agrinational Insurance Company and its wholly owned subsidiary, ADM Insurance Company (collectively referred to as ADM Insurance Group).
  • Agrinational Insurance Company sold its subsidiary, ADM Crop Risk Services, Inc., in 2017, which resulted in a significant reduction of Agrinational Insurance Companys premium volume.
  • 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 Assigns Credit Ratings to Members of Healthcare Providers Insurance Group

Retrieved on: 
Thursday, March 25, 2021
Insurance, Professional services, Credit rating agencies, Actuarial science, AM Best, Tewksbury Township, New Jersey, Insurance, Reinsurance

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Healthcare Providers Insurance Company and its reinsured affiliate, HPIC Risk Retention Group.

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Healthcare Providers Insurance Company and its reinsured affiliate, HPIC Risk Retention Group.
  • Both companies are domiciled in Charleston, SC and are members of Healthcare Providers Insurance Group (HPIC).
  • 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 .