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AM Best Assigns Credit Ratings to Seguros e Inversiones S.A.

Friday, October 15, 2021 - 7:24pm

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Seguros e Inversiones S.A. (SISA) (El Salvador).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Seguros e Inversiones S.A. (SISA) (El Salvador).
  • The outlook assigned to these Credit Ratings (ratings) is stable.
  • 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 Assigns Credit Ratings to AXA Insurance (Gulf) B.S.C.(c)

Friday, October 15, 2021 - 5:48pm

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a (Excellent) to AXA Insurance (Gulf) B.S.C.

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a (Excellent) to AXA Insurance (Gulf) B.S.C.
  • On 7 September 2021, AXA Gulf announced that it had expanded its 32% stake in AXA Cooperative Insurance Company (AXA KSA) to 50%.
  • 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 Outlooks to Stable for SNIC Insurance B.S.C. (c)

Friday, October 15, 2021 - 5:32pm

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and Long-Term Issuer Credit Rating of bbb- (Good) of SNIC Insurance B.S.C.

Key Points: 
  • AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and Long-Term Issuer Credit Rating of bbb- (Good) of SNIC Insurance B.S.C.
  • This revision also considers SNICs future operating performance, which is expected to continue benefiting from successful execution of its strategic plan.
  • In 2020, SNIC achieved a small underwriting profit following three years of technical losses between 2017 and 2019.
  • 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 East Africa Reinsurance Company Limited

Friday, October 15, 2021 - 5:16pm

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb+ (Fair) of East Africa Reinsurance Company Limited (EARe) (Kenya).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb+ (Fair) of East Africa Reinsurance Company Limited (EARe) (Kenya).
  • The company has a presence in over 30 countries in Africa and Asia, with premium volumes skewed toward East African markets.
  • 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 Maintains Under Review With Negative Implications Status for Credit Ratings of Humboldt Re Limited

Friday, October 15, 2021 - 2:44pm

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Humboldt Re Limited (Humboldt Re) (Guernsey).

Key Points: 
  • AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Humboldt Re Limited (Humboldt Re) (Guernsey).
  • Concurrently, AM Best has withdrawn the Credit Ratings (ratings) as the company has requested to no longer participate in AM Bests interactive rating process.
  • 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 Assigns Credit Ratings to Richmond National Insurance Company

Friday, October 15, 2021 - 2:22pm

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Richmond National Insurance Company (Richmond National) (Concord, NH).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Richmond National Insurance Company (Richmond National) (Concord, NH).
  • 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 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 .

Stephen K. Klasko Announces Retirement Plans

Thursday, October 14, 2021 - 7:36pm

PHILADELPHIA, Oct. 14, 2021 /PRNewswire/ -- Eight years after being named President of Thomas Jefferson University and CEO of Jefferson Health, Stephen K. Klasko, MD, MBA, will retire from his position, effective December 31, 2021.

Key Points: 
  • PHILADELPHIA, Oct. 14, 2021 /PRNewswire/ -- Eight years after being named President of Thomas Jefferson University and CEO of Jefferson Health, Stephen K. Klasko, MD, MBA, will retire from his position, effective December 31, 2021.
  • Together we have re-imagined what health, education and research can be for the future, and I believe Jefferson is on course to lead that revolution," Klasko said.
  • Klasko secured a $110 million gift, Jefferson's largest ever, to rename Jefferson Medical College to Sidney Kimmel Medical College.
  • In commenting on his planned retirement, Klasko noted, "I am so proud of what we've been able to accomplish at Jefferson.

AM Best Revises Outlooks to Stable for Abu Dhabi National Takaful Company P.S.C.

Thursday, October 14, 2021 - 7:00pm

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Abu Dhabi National Takaful Company P.S.C.

Key Points: 
  • AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Abu Dhabi National Takaful Company P.S.C.
  • The effect was more pronounced on the company's family takaful portfolio than on its general takaful portfolio, which remained stable over the year.
  • AM Best considers the takaful regulations in the UAE to be sufficiently strong, given the protection it provides to policyholders.
  • AM Best expects prospective risk-adjusted capitalisation to remain comfortably above the strongest threshold as the company executes its business plan.

AM Best Affirms Credit Ratings of MAPFRE México, S.A.

Thursday, October 14, 2021 - 6:49pm

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

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.