ALL

AM Best Affirms Credit Ratings of Coalition Insurance Company

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Insurance, Finance, ERM, Risk management, Risk, ALL, News, Credit, AM Best, CIC, CIS

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Coalition Insurance Company (CIC) (New York, NY).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Coalition Insurance Company (CIC) (New York, NY).
  • 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 Maintains Under Review With Negative Implications Status for Credit Ratings of Farm Bureau Mutual Insurance Company of Arkansas, Inc.

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Insurance, Finance, ALL, News, Credit, AM Best, Good, Risk management

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Farm Bureau Mutual Insurance Company of Arkansas, Inc. (FBMICA) (Little Rock, AR).

Key Points: 
  • AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Farm Bureau Mutual Insurance Company of Arkansas, Inc. (FBMICA) (Little Rock, AR).
  • The Credit Ratings (ratings) were initially placed under review with negative implications on Sept. 14, 2023, following considerable deterioration in policyholders’ surplus and other key balance sheet strength metrics through the first half of 2023.
  • 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.

AM Best Removes From Under Review With Developing Implications, Affirms Credit Ratings of Certain Curi Insurance Group Members

Retrieved on: 
Thursday, March 28, 2024
Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, Constellation, Organization, ERM, Physician, COVID-19, ALL, News, FSR, Credit, AM Best, Federal Home Loan Banks, Risk management

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” (Excellent) of certain members of Curi Insurance Group (Curi).

Key Points: 
  • AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” (Excellent) of certain members of Curi Insurance Group (Curi).
  • These ratings were previously placed under review with developing implications in February 2023, following the announcement that Curi Holdings, Inc. and Constellation, Inc. (Constellation) had entered a definitive merger agreement.
  • Following the merger, the subsidiary members that comprised Constellation Insurance Group and Curi Holdings Group are now viewed as one AM Best rating unit, Curi Insurance Group.
  • 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 NiSource Insurance Corporation, Inc.

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Insurance, Finance, NiSource, Pressure, ERM, Risk management, Philosophy, ALL, News, NICI, Credit, AM Best, Orientation

For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

Key Points: 
  • For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • 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.

Disney Urges Shareholders to Vote the WHITE Proxy Card “FOR” ONLY Disney’s 12 Director Nominees

Retrieved on: 
Thursday, March 28, 2024
Entertainment, Film & Motion Pictures, TV and Radio, General Entertainment, Theme Parks, Music, Licensing (Entertainment), ESPN, The Walt Disney Company, Growth, NOW, Telephone, Annual general meeting, ALL, Internet, DIS

The Walt Disney Company (NYSE: DIS) today urged shareholders to protect their investment and the future of the Company by making sure their votes are in on the WHITE proxy card in support of ONLY Disney’s 12 director nominees (and not the Trian Group or Blackwells nominees).

Key Points: 
  • The Walt Disney Company (NYSE: DIS) today urged shareholders to protect their investment and the future of the Company by making sure their votes are in on the WHITE proxy card in support of ONLY Disney’s 12 director nominees (and not the Trian Group or Blackwells nominees).
  • Disney encourages ALL shareholders to vote their shares online or by telephone no later than 11:59 p.m. Eastern Time on April 2, 2024.
  • Instructions to vote by internet or telephone can be found on the WHITE proxy card.
  • The Board urges shareholders to protect their investment and the future of the Company by voting the WHITE proxy card FOR ONLY Disney’s 12 nominees NOW and not the Trian Group or Blackwells nominees.

AM Best Downgrades Credit Ratings of Members of GPM Life Group

Retrieved on: 
Thursday, March 28, 2024
Insurance, Professional Services, ERM, Risk management, Finance, Independent, Health, ALL, Mortality, News, Credit, AM Best, Good

These companies are headquartered in San Antonio, TX, and collectively are known as GPM Life Group.

Key Points: 
  • These companies are headquartered in San Antonio, TX, and collectively are known as GPM Life Group.
  • The ratings reflect GPM Life Group’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management (ERM).
  • 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 National Indemnity Company and Its Affiliates

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Insurance, Finance, National Indemnity Company, BRK, ERM, ALL, News, FSR, Credit, Berkshire Hathaway, AM Best, Superior

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of National Indemnity Company (Omaha, NE) and its affiliates (collectively referred to as National Indemnity).

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 “aaa” (Exceptional) of National Indemnity Company (Omaha, NE) and its affiliates (collectively referred to as National Indemnity).
  • The ratings of National Indemnity reflect its balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, very favorable business profile and appropriate enterprise risk management (ERM).
  • 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 Places Credit Ratings of Pharmacists Mutual Insurance Group’s Members Under Review With Negative Implications

Retrieved on: 
Thursday, March 28, 2024
Consulting, Professional Services, Insurance, Finance, PMIC, ALL, News, Credit, AM Best, Good

AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Pharmacists Mutual Insurance Company (PMIC) and its wholly owned reinsured subsidiary, Chiron Insurance Company (Chiron).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Pharmacists Mutual Insurance Company (PMIC) and its wholly owned reinsured subsidiary, Chiron Insurance Company (Chiron).
  • 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 Nan Shan General Insurance Co., Ltd.

Retrieved on: 
Thursday, March 28, 2024
Consulting, Professional Services, Insurance, Finance, ERM, Growth, Communication, ALL, News, Credit, Investment, AM Best, TWD

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Nan Shan General Insurance Co., Ltd. (Nan Shan General) (Taiwan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Nan Shan General Insurance Co., Ltd. (Nan Shan General) (Taiwan).
  • The result is underpinned by the capital contribution of TWD 1.5 billion in cash in 2023, from Nan Shan General’s immediate parent, Nan Shan Life Insurance Co., Ltd (Nan Shan Life), to restore Nan Shan General’s capital strength, following the large claims arising from pandemic insurance since 2022.
  • AM Best expects Nan Shan General to maintain its level of risk-adjusted capitalisation over the short to intermediate term.
  • Nan Shan General is a wholly owned subsidiary of Nan Shan Life, which is the third-largest life insurance company in Taiwan in terms of total assets.

AM Best Assigns Credit Ratings to Emerald Bay Specialty Insurance Company

Retrieved on: 
Thursday, March 28, 2024
Consulting, Professional Services, Insurance, Finance, Emerald, BCI, ERM, ALL, News, Credit, AM Best, Risk management

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Emerald Bay Specialty Insurance Company (EBSIC) (Tucson, AZ).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Emerald Bay Specialty Insurance Company (EBSIC) (Tucson, AZ).
  • EBSIC’s ultimate parent is Emerald Bay Risk Solutions, LLC (Emerald Bay) and Emerald Bay will be owned primarily by Bain Capital Insurance (BCI).
  • 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 .