Good

AM Best Affirms Credit Ratings of Misr Life Insurance Company

Retrieved on: 
Thursday, April 4, 2024
Banking, Professional Services, Insurance, Finance, Risk management, MLIC, ALL, ROE, News, NSR, Credit, AM Best, EGP, Good, MIHC

AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Egypt National Scale Rating (NSR) of aaa.EG (Exceptional) of Misr Life Insurance Company (MLIC) (Egypt).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Egypt National Scale Rating (NSR) of aaa.EG (Exceptional) of Misr Life Insurance Company (MLIC) (Egypt).
  • MLIC is the life insurance subsidiary of Misr Insurance Holding Company (MIHC).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of RAM Mutual Insurance Company

Retrieved on: 
Thursday, April 4, 2024
Insurance, Professional Services, ERM, ALL, News, FSR, RAM, Credit, AM Best, Good

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of RAM Mutual Insurance Company (RAM) (Esko, MN).

Key Points: 
  • AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of RAM Mutual Insurance Company (RAM) (Esko, MN).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of Misr Insurance Company

Retrieved on: 
Thursday, April 4, 2024
Insurance, Professional Services, ERM, Risk management, MIC, Environment, Risk, ALL, News, NSR, Capital adequacy ratio, Credit, AM Best, EGP, Good, MIHC

MIC is the non-life insurance subsidiary of Misr Insurance Holding Company (MIHC).

Key Points: 
  • MIC is the non-life insurance subsidiary of Misr Insurance Holding Company (MIHC).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Florida Farm Bureau Group’s Members

Retrieved on: 
Thursday, April 4, 2024
Consulting, Professional Services, Insurance, Finance, Erosion, Risk management, ICR, ALL, News, FSR, Credit, AM Best, Good

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” (Good) of Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida Farm Bureau General Insurance Company, collectively referred to as Florida Farm Bureau Group.

Key Points: 
  • AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” (Good) of Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida Farm Bureau General Insurance Company, collectively referred to as Florida Farm Bureau Group.
  • The Credit Ratings (ratings) reflect Florida Farm Bureau Group’s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
  • Additionally, the ratings reflect enhancement given the implicit and explicit support provided by its parent, Southern Farm Bureau Casualty Insurance Company.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Upgrades Credit Ratings of Acerta Compañia de Seguros, S.A.

Retrieved on: 
Thursday, April 4, 2024
Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, Health, Pressure, ERM, ALL, News, Credit, AM Best, Good, Risk management

The outlook of these Credit Ratings (ratings) has been revised to stable from positive.

Key Points: 
  • 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 Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Regions Bank Teams Celebrate Financial Literacy Month by Sharing the Good

Retrieved on: 
Tuesday, April 2, 2024
Teens, Children, Finance, Banking, Professional Services, Other Education, Continuing, Consumer, Primary, Secondary, Education, Community, Employment, Washington High School, Culture, Volunteering, Volunteers of America, Reality Check, School, Booker, Bank, Life, Boy, JA, Regions Financial Corporation, Student, Tarrant High School, Region, GEAR, Community engagement, Curriculum, Disability, Good, Multimedia, Financial Literacy Month, Teaching, Tutoring

To complement the bank’s Financial Literacy Month activities this April , Regions’ 2024 Share the Good theme is Helping Students Build Financial Confidence.

Key Points: 
  • To complement the bank’s Financial Literacy Month activities this April , Regions’ 2024 Share the Good theme is Helping Students Build Financial Confidence.
  • According to Gina Sian, who leads the Regions Making Life Better Institute® program, aligning Share the Good initiatives with Financial Literacy Month integrates volunteerism with a key pillar of Regions Bank’s community engagement strategy – financial wellness.
  • Examples include:
    Birmingham, Ala.: Regions teams in Jefferson and Shelby counties are organizing several financial wellness events:
    On April 17, GEAR UP Jefferson County is hosting Regions Day.
  • Raleigh, N.C.: Regions Market Executive Terry Hoey is leading by example, teaching financial literacy courses at the Boys and Girls Clubs of Wake County , and he’s passionate about Sharing the Good.

US-Ireland Alliance to Pause George J. Mitchell Scholarship Program

Retrieved on: 
Monday, April 1, 2024
Education, Other Education, University, Good, Mitchell Scholarship, Vargo, Renewable energy

The decision by the Alliance means a Mitchell Scholarship class of 2026 will not be selected.

Key Points: 
  • The decision by the Alliance means a Mitchell Scholarship class of 2026 will not be selected.
  • According to Alliance Founder and President Trina Y. Vargo, the Mitchell Scholarship Program is in no immediate financial difficulty.
  • The Alliance estimates the minimum endowment needed to sustain the Mitchell Scholarship for the long-term is $40 million.
  • Vargo created the US-Ireland Alliance and the Mitchell Scholarship 25 years ago, following the signing of the Good Friday Agreement, which was shepherded by then U.S Senator George J. Mitchell and ended 30 years of violent conflict in Northern Ireland.

AM Best Revises Issuer Credit Rating Outlook to Positive and Assigns National Scale Rating to Hanoi Reinsurance Joint Stock Corporation

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Insurance, Finance, ERM, HDI, VND, Communication, Risk, ALL, News, FSR, NSR, Credit, Investment, AM Best, Good

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) – formerly known as PVI Reinsurance Joint Stock Corporation (PVI Re) (Vietnam).

Key Points: 
  • AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) – formerly known as PVI Reinsurance Joint Stock Corporation (PVI Re) (Vietnam).
  • Additionally, AM Best has assigned a Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to Hanoi Re with a stable outlook.
  • The ratings also factor in rating enhancement from Hanoi Re’s ultimate parent, HDI Haftpflichtverband der Deutschen Industrie V.a.G.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Farm Bureau Mutual Insurance Company of Arkansas, Inc.

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Insurance, Finance, ALL, News, Credit, AM Best, Good, Risk management

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Farm Bureau Mutual Insurance Company of Arkansas, Inc. (FBMICA) (Little Rock, AR).

Key Points: 
  • AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Farm Bureau Mutual Insurance Company of Arkansas, Inc. (FBMICA) (Little Rock, AR).
  • The Credit Ratings (ratings) were initially placed under review with negative implications on Sept. 14, 2023, following considerable deterioration in policyholders’ surplus and other key balance sheet strength metrics through the first half of 2023.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Levenger Selects Barrett Distribution Centers As Exclusive 3PL Partner

Retrieved on: 
Thursday, March 28, 2024
Technology, Office Products, Transport, Electronic Commerce, Specialty, Logistics, Supply Chain Management, Retail, Online Retail, Museum, E-commerce, Partnership, Good, Automation, Library, Growth, Literacy, Book

Today, Barrett Distribution Centers , a third-party logistics provider (3PL) since 1941, is excited to unveil its latest partnership with legacy craftsmanship brand Levenger .

Key Points: 
  • Today, Barrett Distribution Centers , a third-party logistics provider (3PL) since 1941, is excited to unveil its latest partnership with legacy craftsmanship brand Levenger .
  • Levenger will realize the immediate benefits of outsourcing their supply chain with Barrett, gaining access to advanced technology, automation and experienced personnel.
  • "Levenger is an amazing, unique brand that was a perfect fit for Barrett," said Bryan Corbett , VP of Sales & Marketing.
  • Barrett will launch the Levenger operation out of the Memphis region , where they maintain a strong campus of premium eCommerce fulfillment centers powered by automated, robotics-driven pick solutions .