ALL

AM Best Affirms Credit Ratings of CMB Wing Lung Insurance Company Limited

Retrieved on: 
Friday, April 5, 2024
Insurance, Professional Services, CMB, ERM, Growth, Risk management, CMG, Communication, Risk, ALL, News, Bank statement, Credit, CMI, AM Best, HKD

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of CMB Wing Lung Insurance Company Limited (CMBWLI) (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of CMB Wing Lung Insurance Company Limited (CMBWLI) (Hong Kong).
  • As such, AM Best identifies China Merchants Group Limited (CMG), a state-owned enterprise that wholly owns CMIH, as the ultimate parent of CMBWLI.
  • 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 Adds MSCI ESG Scores to Best’s Underwriting Reports and Best’s Loss Control Reports

Retrieved on: 
Friday, April 5, 2024
Finance, Environmental, Social and Governance (ESG), Banking, Professional Services, Insurance, GICS, Risk, ESG, MSCI, ALL, Classification, News, Global Industry Classification Standard, Data

AM Best has enhanced Best’s Underwriting Reports and Best’s Loss Control Reports with environmental, social and governance (ESG) scores sourced from MSCI, which identifies the ESG key issues that are most material to an industry.

Key Points: 
  • AM Best has enhanced Best’s Underwriting Reports and Best’s Loss Control Reports with environmental, social and governance (ESG) scores sourced from MSCI, which identifies the ESG key issues that are most material to an industry.
  • These scores indicate associated aggregate risk based on the interaction of key ESG issues affecting the core business activities within the report’s industry.
  • MSCI ESG Scores include an:
    ESG Description, which shows the Global Industry Classification Standard (GICS) classification.
  • For more information about Best’s Underwriting Reports and Best’s Loss Control Reports, please visit our information page .

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 Affirms Credit Ratings of Suez Canal Insurance

Retrieved on: 
Thursday, April 4, 2024
Consulting, Professional Services, Insurance, Finance, ERM, ALL, News, NSR, Credit, AM Best, Superior, SCI, Risk management

AM Best has affirmed the Financial Strength Rating of B- (Fair), the Long-Term Issuer Credit Rating of “bb-” (Fair) and the Egypt National Scale Rating (NSR) of aa.EG (Superior) of Suez Canal Insurance (SCI) (Egypt).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B- (Fair), the Long-Term Issuer Credit Rating of “bb-” (Fair) and the Egypt National Scale Rating (NSR) of aa.EG (Superior) of Suez Canal Insurance (SCI) (Egypt).
  • 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 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.

AM Best Upgrades Issuer Credit Rating of ASSA Compañía de Seguros S.A.

Retrieved on: 
Wednesday, April 3, 2024
Insurance, Professional Services, ASSA, ERM, Growth, ICR, Generali, ALL, News, FSR, Credit, Investment, AM Best

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of ASSA Compañía de Seguros S.A. (ASSA) (Panama City, Panama).

Key Points: 
  • AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of ASSA Compañía de Seguros S.A. (ASSA) (Panama City, Panama).
  • ASSA is a subsidiary of ASSA Compañía Tenedora, S.A. and is owned ultimately by Grupo ASSA, S.A., a financial service holding company publicly traded on the Panama Stock Exchange.
  • 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.

Allstate to discuss first quarter 2024 earnings with investors

Retrieved on: 
Wednesday, April 3, 2024
Insurance, Professional Services, File, Form, Webcast, Allstate, ALL, RSS, News, Exchange, Security (finance), Financial adviser

The Allstate Corporation (NYSE: ALL) will host a conference call and webcast at 9 a.m. Eastern on Thursday, May 2, 2024, to discuss first quarter 2024 earnings.

Key Points: 
  • The Allstate Corporation (NYSE: ALL) will host a conference call and webcast at 9 a.m. Eastern on Thursday, May 2, 2024, to discuss first quarter 2024 earnings.
  • To view Allstate’s quarterly results after their filing, including the earnings release and investor supplement, visit the SEC website at www.sec.gov .
  • Visit www.allstateinvestors.com for the following:
    Review the Form 8-K, including the earnings release and investor supplement, after filing.
  • Stay up to date about financial information, like material announcements about The Allstate Corporation, which is routinely posted.