FSR

AM Best Withdraws Credit Ratings of Canadian Subsidiaries of Aviva plc

Thursday, October 14, 2021 - 8:38pm

Concurrently, AM Best has withdrawn the ratings as the companies have requested to no longer participate in AM Bests interactive rating process.

Key Points: 
  • Concurrently, AM Best has withdrawn the ratings as the companies have requested to no longer participate in AM Bests interactive rating process.
  • The ratings reflect the strategic importance of these subsidiaries to Aviva.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of MAPFRE U.S.A. Corp’s Main Insurance Subsidiaries

Thursday, October 14, 2021 - 7:11pm

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • The MAPFRE U.S.A. Group is owned by MAPFRE U.S.A. Corp., whose ultimate parent is Spain-based Fundacin MAPFRE (MAPFRE).
  • The ratings also reflect the implicit and explicit support provided by its intermediate parent company, MAPFRE S.A.
  • The MAPFRE U.S.A. Group is integrated into the operations and management of the group and carries the MAPFRE name commercially.

AM Best Affirms Credit Ratings of MAPFRE S.A.’s Rated Operating Subsidiaries

Thursday, October 14, 2021 - 6:25pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of MAPFRE S.A.s (MAPFRE) rated operating subsidiaries.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of MAPFRE S.A.s (MAPFRE) rated operating subsidiaries.
  • The ratings reflect MAPFREs balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable 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 use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Revises Issuer Credit Rating Outlook to Negative for Kot Insurance Company AG

Thursday, October 14, 2021 - 2:25pm

AM Best has revised the Long-Term Issuer Credit Rating (Long-Term ICR) outlook to negative from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ (Good) of Kot Insurance Company AG (Kot) (Switzerland).

Key Points: 
  • AM Best has revised the Long-Term Issuer Credit Rating (Long-Term ICR) outlook to negative from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of bbb+ (Good) of Kot Insurance Company AG (Kot) (Switzerland).
  • The revision of the Long-Term ICR outlook to negative from stable reflects a weakening in PEMEXs credit profile due to ongoing negative free cash flow, high debt maturities and the resultant liquidity strain.
  • 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 specialising in the insurance industry.

AM Best Affirms Credit Ratings of New York Life Insurance Company and Certain Subsidiaries; Upgrades Issuer Credit Ratings of Life Insurance Company of North America and New York Life Group Insurance Company of NY

Wednesday, October 13, 2021 - 2:27pm

Additionally, AM Best has upgraded the Long-Term ICRs to aaa (Exceptional) from aa+ (Superior) and affirmed the FSR of A++ (Superior) of Life Insurance Company of North America (LINA) and New York Life Group Insurance Company of NY (NYLGICNY).

Key Points: 
  • Additionally, AM Best has upgraded the Long-Term ICRs to aaa (Exceptional) from aa+ (Superior) and affirmed the FSR of A++ (Superior) of Life Insurance Company of North America (LINA) and New York Life Group Insurance Company of NY (NYLGICNY).
  • All companies are referred to as New York Life and are headquartered in New York, NY.
  • AM Best also has affirmed the Long-Term ICRs of aaa (Exceptional) of New York Life Global Funding and New York Life Funding.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

Ignore No More: Foundation for Sarcoidosis Research Launches African American Women & Sarcoidosis Campaign

Tuesday, October 12, 2021 - 8:09pm

CHICAGO, Oct. 12, 2021 /PRNewswire/ -- The Foundation for Sarcoidosis Research (FSR) is excited to announce the official launch of the first of its kind African American Women & Sarcoidosis National Campaign (AAWS).

Key Points: 
  • CHICAGO, Oct. 12, 2021 /PRNewswire/ -- The Foundation for Sarcoidosis Research (FSR) is excited to announce the official launch of the first of its kind African American Women & Sarcoidosis National Campaign (AAWS).
  • African American women experience the highest incidence of sarcoidosis in the US as compared to any other group.
  • African American women experience the highest incidence of sarcoidosis in the US as compared to any other group.
  • "Raising awareness of sarcoidosis' prevalence and identifying barriers to care experienced by African American women are critical steps toward improved diagnosis, treatment, and support for all African American women living with this complex condition," says Mary McGowan, CEO of The Foundation for Sarcoidosis Research.

AM Best Downgrades Credit Ratings of Oregon Dental Service and Moda Health Plan, Inc.; Places Credit Ratings Under Review With Negative Implications

Friday, October 8, 2021 - 7:21pm

Concurrently, AM Best has downgraded the FSR to B+ (Good) from B++ (Good) and the Long-Term ICR to bbb- (Good) from bbb (Good) of Moda Health Plan, Inc. (Moda Health).

Key Points: 
  • Concurrently, AM Best has downgraded the FSR to B+ (Good) from B++ (Good) and the Long-Term ICR to bbb- (Good) from bbb (Good) of Moda Health Plan, Inc. (Moda Health).
  • Moreover, the Credit Ratings (ratings) of both companies, each domiciled in Portland, OR, are placed under review with negative implications.
  • The ratings of Moda Health reflect its balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate ERM.
  • The ratings of Moda Health have been placed under review with negative implications, reflecting changed conditions concerning the ratings of its parent company, ODS.

AM Best Affirms Credit Ratings of Allianz SE and Rated Subsidiaries

Friday, October 8, 2021 - 6:07pm

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa (Superior) of Allianz SE (Allianz) (Germany) and its rated subsidiaries (see below for the list of the companies).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa (Superior) of Allianz SE (Allianz) (Germany) and its rated subsidiaries (see below for the list of the companies).
  • The outlook of these Credit Ratings (ratings) is stable.
  • The ratings reflect Allianzs balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management (ERM).
  • Allianz has a track record of strong and stable operating performance, supported by its diversified earnings profile.

AM Best Upgrades Issuer Credit Rating of Aventus Insurance Company

Friday, October 8, 2021 - 5:10pm

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb+(Good) from bbb (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Aventus Insurance Company (Aventus) (Fort Worth, TX).

Key Points: 
  • AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb+(Good) from bbb (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Aventus Insurance Company (Aventus) (Fort Worth, TX).
  • 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 Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests 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 BCBSM, Inc. and HMO Minnesota; Maintains Under Review With Negative Implications Status for Credit Ratings of MII Life Insurance, Incorporated

Thursday, October 7, 2021 - 9:44pm

Concurrently, AM Best has maintained the under review with negative implications status for the FSR of B++ (Good) and the Long-Term ICR of bbb+ (Good) of MII Life Insurance, Incorporated (MII Life) (Eagan, MN).

Key Points: 
  • Concurrently, AM Best has maintained the under review with negative implications status for the FSR of B++ (Good) and the Long-Term ICR of bbb+ (Good) of MII Life Insurance, Incorporated (MII Life) (Eagan, MN).
  • The ratings of BCBSM remain supported by strong risk-adjusted capitalization, as measured by Bests Capital Adequacy Ratio (BCAR).
  • The ratings will remain under review until the close of the transaction and a review by AM Best of the post-transaction details.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .