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AM Best To Discuss Captive Sector Trends at Delaware Captive Insurance Association’s Annual Fall Forum

Retrieved on: 
Wednesday, October 26, 2022
Insurance, Professional Services, News, Insurance, AM, Data, Senior, DE, Industry, EDT, Credit, ALL

AM Best Associate Director Dan Teclaw and Senior Financial Analyst Adrienne Stark will provide the companys overview of the U.S. captive industry during the upcoming Delaware Captive Insurance Associations Annual Fall Forum, which is scheduled for Nov. 2-3, 2022, at the Hyatt Place Wilmington Waterfront in Wilmington, DE.

Key Points: 
  • AM Best Associate Director Dan Teclaw and Senior Financial Analyst Adrienne Stark will provide the companys overview of the U.S. captive industry during the upcoming Delaware Captive Insurance Associations Annual Fall Forum, which is scheduled for Nov. 2-3, 2022, at the Hyatt Place Wilmington Waterfront in Wilmington, DE.
  • Teclaw and Stark will discuss AM Bests rating process as it applies to captive insurers, the alternative risk transfer criteria procedure and considerations and rated captive insurers performance vs. commercial casualty peers, as well as recent captive trends in the pre- and post-COVID-19 era.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Piedmont Lithium to Participate in Range of Upcoming Industry Conferences

Retrieved on: 
Wednesday, October 26, 2022
Automotive, Mining, Minerals, EV, Electric Vehicles, Alternative Energy, Natural Resources, Energy, Alternative Vehicles, Fuels, Lithium, U.S. Securities and Exchange Commission, SEC, Australian Securities Exchange, Transport, ASX, Atlantic Ocean, Comment, AIM, Technology, DOE, PLL, Accident, Piedmont Lithium, Industry, Legislation, CEO, ALL, Weather, Risk

Piedmont Lithium (Piedmont or Company) (Nasdaq:PLL; ASX:PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (EV) supply chain, today announced participation in the following upcoming industry conferences:

Key Points: 
  • Piedmont Lithium (Piedmont or Company) (Nasdaq:PLL; ASX:PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (EV) supply chain, today announced participation in the following upcoming industry conferences:
    We are excited to speak with the investor community as we continue to advance our projects toward production, said Piedmont Lithium President and CEO, Keith Phillips.
  • Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest.
  • Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX:SYA) and in Ghana with Atlantic Lithium (AIM:ALL; ASX:A11).
  • Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise.

AM Best Revises Outlooks to Positive for Penn National Insurance Companies’ Members

Retrieved on: 
Tuesday, October 25, 2022
Banking, Professional Services, Insurance, Finance, Risk management, News, Insurance, AM Best, AM, Income, Industry, Credit, Good, ALL, Penn Mutual, Hollywood Casino at Penn National Race Course

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Pennsylvania National Mutual Casualty Insurance Company (Penn Mutual), its subsidiaries, Penn National Security Insurance Company and Founders Insurance Company, and its mutual company affiliate, Partners Mutual Insurance Company (collectively referred to as Penn National).

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Pennsylvania National Mutual Casualty Insurance Company (Penn Mutual), its subsidiaries, Penn National Security Insurance Company and Founders Insurance Company, and its mutual company affiliate, Partners Mutual Insurance Company (collectively referred to as Penn National).
  • Concurrently, AM Best has revised the outlook to positive from stable and affirmed the Long-Term Issue Credit Rating of bbb (Good) of $29.5 million 9.5% surplus notes due 2034, issued by Penn Mutual.
  • All companies are headquartered in Harrisburg, PA except for Partners Mutual Insurance Company, which is headquartered in Waukesha, WI.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best TV Presents “Prospecting for the Next Great Risk Opportunity​​​​​”

Retrieved on: 
Tuesday, October 25, 2022
Consulting, Professional Services, Other Communications, Business, Public Relations, Investor Relations, Communications, Other Professional Services, Media, Insurance, Thought Leadership, Finance, News, Tune, Insurance, New Age, Industry, Research, ALL

In the segment, Prospecting for the Next Great Risk Opportunity, brokers and managing general agents discuss how risk specialists research new risks, assess carrier and capital partners, and demonstrate demand for new coverages.

Key Points: 
  • In the segment, Prospecting for the Next Great Risk Opportunity, brokers and managing general agents discuss how risk specialists research new risks, assess carrier and capital partners, and demonstrate demand for new coverages.
  • Tune in to hear from these industry leaders:
    AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
  • Copyright 2022 by A.M. Best Company, Inc. and/or its affiliates.

AM Best Assigns Credit Ratings to Advantage Life Puerto Rico A.I. and Advantage Life Assurance I.I.

Retrieved on: 
Tuesday, October 25, 2022
Insurance, Professional Services, Risk management, News, Insurance, AM Best, AM, PR, Mortality, Industry, Credit, ALPR, Good, ALL, Compliance

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Advantage Life Puerto Rico A.I.

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Advantage Life Puerto Rico A.I.
  • 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 Best's 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 to Participate in Reinsurance Association of America’s Re Finance Event

Retrieved on: 
Tuesday, October 25, 2022
Other Professional Services, Professional Services, Insurance, Finance, News, Insurance, Finance, Alphabet song, Conference, Analysis, Industry, Association, ALL, RAA, Music

AM Best Senior Financial Analyst Clare Finnegan will discuss the companys view on evaluating insurance and reinsurance companies during the Reinsurance Association of Americas (RAA) Re upcoming event, which is scheduled for Nov. 2-3, 2022 at the ELANY Conference Center in New York, NY.

Key Points: 
  • AM Best Senior Financial Analyst Clare Finnegan will discuss the companys view on evaluating insurance and reinsurance companies during the Reinsurance Association of Americas (RAA) Re upcoming event, which is scheduled for Nov. 2-3, 2022 at the ELANY Conference Center in New York, NY.
  • The RAA event is titled, The ABCs of Financial Reporting and Analysis for Property/Casualty Insurers and Reinsurers.
  • The two-day program is designed for insurer and reinsurer professionals, attorneys, and regulatory staff to learn about the fundamentals of property and casualty (re)insurance financial analysis and reporting.
  • The RAA is the leading trade association of property and casualty reinsurers doing business in the United States.

Best’s Special Report: Standalone Identity Theft Insurance Soars as Personal Cyber Coverage Becomes More Essential

Retrieved on: 
Tuesday, October 25, 2022
Technology, Professional Services, Insurance, Security, News, Time, Insurance, Digital technology, Risk, AM Best, Policy, Theft, Industry, Awareness, Personal, Environment, Internet, ALL, COVID-19, ID, Hacking

In its Bests Market Segment Report, ID Theft and Personal Cyber Coverage Becoming Essential, AM Best states that the increase is likely due to the rising awareness and severity of ID theft, particularly as the risk has grown significantly the past few years.

Key Points: 
  • In its Bests Market Segment Report, ID Theft and Personal Cyber Coverage Becoming Essential, AM Best states that the increase is likely due to the rising awareness and severity of ID theft, particularly as the risk has grown significantly the past few years.
  • Consequently, cyber risk is starting to make more of a mark on the personal lines side, said Helen Andersen, industry analyst, AM Best.
  • ID theft risk is specific to stolen personal information, whether in the form of medical insurance theft, drivers license theft, social security theft or criminal ID theft.
  • As awareness and the need for ID theft coverage builds, insurers who charge can capitalize on premium growth.

Allstate Selects Voya Investment Management for Portfolio Mandate

Retrieved on: 
Tuesday, October 25, 2022
Professional Services, Insurance, Finance, Asset Management, Banking, Accounting, Investment management, Time, Allianz Global Investors, Culture, Voya Financial, Investment, VOYA, NYSE, Pension, AUM, IM, ALL, Financial services, Allstate

Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it was selected by Allstate (NYSE: ALL) to manage the firms $850 million commercial mortgage portfolio effective Nov. 14, 2022.

Key Points: 
  • Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it was selected by Allstate (NYSE: ALL) to manage the firms $850 million commercial mortgage portfolio effective Nov. 14, 2022.
  • In addition, as part of the agreement, Allstate will transition approximately seven employees who constitute their commercial mortgage team to Voya Investment Management (Voya IM).
  • These employees will be integrated into Voya IMs commercial mortgage team, led by Greg Michaud, and will help manage Voyas commercial mortgage mandates, including the Allstate portfolio.
  • We are very excited that Voya IM was selected to manage this important mandate from Allstate.

Best’s Review Explores New Hazards and Risks, Rising Interest Rates

Retrieved on: 
Monday, October 24, 2022
Banking, Professional Services, Insurance, Finance, News, Review, Insurance, Industry, Radar, Life, ALL, AM, Cookware and bakeware

Bests Review has released the following previews of next months issue:

Key Points: 
  • Bests Review has released the following previews of next months issue:
    Pot, Pans and the Internet discusses three emerging hazards that should be on the radar for insurers and their customers.
  • Rising Interest Rates Sure to Bring Shifts to In-Force Life and Annuity Products looks at the mixed news that rising interest rates are bringing for life and annuity insurers.
  • Bests Review is AM Bests monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace.
  • Access to the complete content of Bests Review is available here .

AM Best TV Presents “From Generalist to Specialist”

Retrieved on: 
Monday, October 24, 2022
Insurance, Professional Services, News, Tune, Insurance, New Age, Industry, Risk, ALL

In the segment, From Generalist to Specialist, brokers and managing general agents explain how narrowing their focus on risk broadened their opportunities for success.

Key Points: 
  • In the segment, From Generalist to Specialist, brokers and managing general agents explain how narrowing their focus on risk broadened their opportunities for success.
  • Tune in to hear from these industry leaders:
    AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
  • Copyright 2022 by A.M. Best Company, Inc. and/or its affiliates.