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UnitedHealth Group and Allianz SE Maintain Top Spots on AM Best’s Largest Insurer Rankings

Retrieved on:

Thursday, January 4, 2024

Insurance, Professional Services, UnitedHealth Group, Elevance Health, Research, NPW, Prudential Financial, Allianz, AXA, Centene Corporation, Berkshire Hathaway

In addition, Allianz SE remained in its top spot by nonbanking assets, at $1.1 trillion, despite a 10% drop from the previous year.

Key Points:

In addition, Allianz SE remained in its top spot by nonbanking assets, at $1.1 trillion, despite a 10% drop from the previous year.
AM Best released the rankings of the world’s largest global insurance companies, by NPW and nonbanking assets, in the January 2024 issue of Best's Review , available now.
Ping An insurance (Group) Company of China Ltd. surged to second behind Allianz SE from fourth place as its assets rose 11.4% to $960.7 billion in 2022.
The top 10 global insurers ranked by 2022 NPW are as follows:
Kaiser Foundation Group of Health Plans, United States
Ping An Insurance (Group) Company of China Ltd., China
China Life Insurance (Group) Company, China

AM Best Affirms Credit Ratings of Tokio Marine & Nichido Fire Insurance Co., Ltd. and Its U.S. Subsidiaries

Retrieved on:

Wednesday, September 27, 2023

Insurance, Professional Services, Communication, AM Best, ALL, ERM, Tokio Marine, Credit, Acquisition, FSR, Superior, AM, Long-Term Capital Management, NPW, Environment, News, Risk management

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 Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) (Japan) and its U.S. subsidiaries.

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 Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) (Japan) and its U.S. subsidiaries.
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 Affirms Credit Ratings of Sompo Japan Insurance Inc. and its Subsidiaries; AM Best Affirms Issuer Credit Rating of Sompo International Holdings Ltd.

Retrieved on:

Thursday, September 21, 2023

Insurance, Professional Services, AM Best, SJ, ERM, Policy, Credit, SOMPO Holdings, FSR, SIH, Superior, AM, Long-term care insurance, NPW, Security (finance), Risk management

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries.

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries.
Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of Sompo International Holdings Ltd. (SIH) (Pembroke, Bermuda).
In addition, AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) on $335 million 7% senior unsecured notes due by 2034 (which is guaranteed by SIH).
SJ is the core operating unit of SOMPO Holdings, Inc., (SOMPO Holdings), its ultimate parent and one of the largest non-life insurance groups in Japan.

PayrollOrg Celebrates Payroll, Offers Paycheck Education and Prizes During National Payroll Week September 4-8

Retrieved on:

Monday, September 4, 2023

Diamond, Workforce, Elan Media Partners, ADP, Global Payments, Tax, National Payroll Week, UKG, Publication, SAN, NPW, Health insurance

SAN ANTONIO, Sept. 4, 2023 /PRNewswire/ -- PayrollOrg is celebrating payday and offering paycheck maximizing tips plus a chance to win an extra paycheck during National Payroll Week® , September 4-8.

Key Points:

SAN ANTONIO, Sept. 4, 2023 /PRNewswire/ -- PayrollOrg is celebrating payday and offering paycheck maximizing tips plus a chance to win an extra paycheck during National Payroll Week® , September 4-8.
During NPW, PayrollOrg encourages everyone who receives a paycheck to tap into the power of their paychecks with the help of their payroll department.
"National Payroll Week is the perfect time for employees to do a paycheck checkup," said Dan Maddux, executive director of PayrollOrg.
"National Payroll Week provides an opportunity for payroll professionals to share valuable payroll knowledge with workers of all ages."

AM Best Affirms Credit Ratings of The Toa Reinsurance Company, Limited and Its Subsidiaries

Retrieved on:

Thursday, August 31, 2023

Professional Services, Insurance, Finance, Exercise, Uncertainty, Communication, AM Best, ALL, COVID-19, Risk management, Credit, JPY, AM, TRA, NPW, News, Geography, Reinsurance, Limited

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of The Toa Reinsurance Company, Limited (Toa Re) (Japan) and its subsidiaries, The Toa Reinsurance Company of America (TRA) (Wilmington, Delaware, USA) and The Toa 21st Century Reinsurance Company, Ltd. (Switzerland).

Key Points:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of The Toa Reinsurance Company, Limited (Toa Re) (Japan) and its subsidiaries, The Toa Reinsurance Company of America (TRA) (Wilmington, Delaware, USA) and The Toa 21st Century Reinsurance Company, Ltd. (Switzerland).
Toa Re has experienced net losses and negative comprehensive income in three of the last five fiscal years.
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 Upgrades Credit Ratings of Active Capital Reinsurance, Ltd.

Retrieved on:

Thursday, August 10, 2023

Insurance, Professional Services, AM Best, ALL, ERM, Credit, Acquisition, AM, NPW, Environment, News, Reinsurance, 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.
The ratings also reflect Active Re’s adequate reinsurance program and supportive risk management framework for its risk profile.
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 Affirms Credit Ratings of GuideWell Mutual Holding Corporation and Most of Its Operating Subsidiaries; Downgrades Credit Ratings of Triple-S Advantage, Inc.

Retrieved on:

Thursday, May 11, 2023

AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Florida Combined Life Insurance Company, Inc.

Key Points:

AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Florida Combined Life Insurance Company, Inc.
In addition, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of GuideWell Mutual Holding Corporation (GuideWell).
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.

UnitedHealth Group and Allianz SE Remain Atop AM Best’s Largest Insurer Rankings

Retrieved on:

Monday, January 9, 2023

In addition, Allianz SE remained in its top spot by nonbanking assets, at $1.2 trillion, while Berkshire Hathaway Inc. rose to second place from fifth.

Key Points:

In addition, Allianz SE remained in its top spot by nonbanking assets, at $1.2 trillion, while Berkshire Hathaway Inc. rose to second place from fifth.
AM Best released the rankings of the world’s largest global insurance companies, by NPW and nonbanking assets, in the Jan. 6, 2023, issue of Best's News.
Overall, the two rankings saw some reshuffling in the top spots, with U.S.-based health insurers further strengthening their leading positions.
These gains came at the expense of two Chinese insurers — China Life Insurance (Group) Co. Ltd. and Ping An Insurance (Group) Co. of China Ltd.

AM Best Affirms Credit Ratings of Sompo Japan Insurance Inc. and its Subsidiaries

Retrieved on:

Friday, September 16, 2022

Banking, Professional Services, Insurance, Finance, Income, NPW, SOMPO Holdings, ERM, Credit, Superior, SJ, AM, FSR, Proposed long-term solutions for the Eurozone crisis, Insurance, Risk management

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa- (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries.

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa- (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries.
The ratings reflect SJs balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management (ERM).
SJ is the core operating unit of SOMPO Holdings, Inc., (SOMPO Holdings), its ultimate parent and one of the largest non-life insurance groups in Japan.
The FSR of A+ (Superior) and the Long-Term ICRs of aa- (Superior) have been affirmed with a stable outlook for the following subsidiaries of Sompo Japan Insurance Inc.:

AM Best Affirms Credit Ratings of Tokio Marine & Nichido Fire Insurance Co., Ltd. and Its U.S. Subsidiaries

Retrieved on:

Friday, September 9, 2022

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 Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) (Japan) and its U.S. subsidiaries.

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 Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) (Japan) and its U.S. subsidiaries.
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 Performance Assessments, 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 specialising in the insurance industry.