ADIC

AM Best Revises Issuer Credit Rating Outlook to Stable of Al Dhafra Insurance Company P.S.C.

Retrieved on: 
Friday, December 15, 2023
Insurance, Professional Services, ADIC, Risk management, Risk, Credit, AED, USD, AM Best, Central bank, Good, News, FSR, ALL, Environment, Reinsurance

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Al Dhafra Insurance Company P.S.C.

Key Points: 
  • AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Al Dhafra Insurance Company P.S.C.
  • AM Best assesses ADIC’s business profile as limited, reflective of its market position as a mid-tier player in the UAE insurance market.
  • 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 specialising in the insurance industry.

AM Best Revises the Issuer Credit Rating Outlook to Negative for Al Dhafra Insurance Company P.S.C.

Retrieved on: 
Friday, July 14, 2023
Insurance, Professional Services, Pressure, Good, AM Best, ICR, ALL, Return on equity, Risk management, Credit, USD, ADIC, AED, Risk, FSR, AM, ROE, News, United Arab Emirates, Reinsurance

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Al Dhafra Insurance Company P.S.C.

Key Points: 
  • AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Al Dhafra Insurance Company P.S.C.
  • ADIC’s revised Long-Term ICR outlook reflects its weakening operating performance observed since 2021, which has placed pressure on AM Best’s operating performance assessment of strong.
  • 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 specialising in the insurance industry.

AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its Affiliates

Retrieved on: 
Friday, June 9, 2023
Consulting, Professional Services, Insurance, Finance, Communication, AM Best, MSU, ALL, ERM, Return on equity, Uniloc USA, Inc. v. Microsoft Corp., Credit, ADIC, Nippon Life, Risk, FSR, MSI, ADI, Superior, AM, Toyota, Growth, Long-Term Capital Management, Seemabaddha, News, Risk management, Bank, Limited

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 Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).

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 Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).
  • AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa” (Superior) of Aioi Nissay Dowa Insurance Company Limited (ADI) (Japan).
  • These companies are owned ultimately by MS&AD Insurance Group Holdings, Inc. (MS&AD), a major non-life insurance group based in Japan.
  • 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 Al Dhafra Insurance Company P.S.C.

Retrieved on: 
Friday, July 8, 2022
Other Professional Services, Professional Services, Insurance, Data, Insurance, Good, Credit, ADIC, Industry, History, AM, AED, Investment, ALL, United Arab Emirates, AM Best, Risk management, News

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ (Good) of Al Dhafra Insurance Company P.S.C.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ (Good) of Al Dhafra Insurance Company P.S.C.
  • 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 specialising in the insurance industry.

AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its Affiliates

Retrieved on: 
Thursday, June 16, 2022
Banking, Professional Services, Insurance, Finance, ADI, Uniloc USA, Inc. v. Microsoft Corp., MSI, Credit, Industry, FSR, ALL, Toyota, Superior, Insurance, Long-term care insurance, AM, ERM, News, MSU, ADIC, Communication, AM Best, Nippon Life, Risk, Financial services, Risk management, Bank, Health insurance, Limited

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating of aa (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating of aa (Superior) of Mitsui Sumitomo Insurance Company, Limited (MSI) (Japan).
  • These companies are owned ultimately by MS&AD Insurance Group Holdings, Inc. (MS&AD), a major non-life insurance group based in Japan.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Logistics Property Co. Announces the Appointment of Brent Steele as Chief Investment Officer

Retrieved on: 
Tuesday, May 3, 2022
Supply Chain Management, Retail, Transport, Logistics, Supply Chain Management, Commercial Building & Real Estate, Construction & Property, Abu Dhabi Investment Council, Investment, Senior, Brent Steele, LLC, American International Group, CIO, ADIC, LPC, Acquisition, Management, Real estate, Commercial property

Logistics Property Company, LLC (LPC) announces the appointment of Brent Steele as Executive Vice President and Chief Investment Officer (CIO).

Key Points: 
  • Logistics Property Company, LLC (LPC) announces the appointment of Brent Steele as Executive Vice President and Chief Investment Officer (CIO).
  • Were excited to welcome Brent to the LPC team, said Jim Martell , LPCs Chief Executive Officer.
  • His appointment marks a significant point in LPCs corporate evolution to a diversified logistics real estate platform.
  • Logistics Property Company, LLC (LPC) is an industrial real estate company focused on the acquisition, development, and management of modern logistics properties.

Aquiline Drones Becomes First UAV Company in Country to Form Insurance Subsidiary

Retrieved on: 
Friday, January 7, 2022
Drone, Longevity, Safety, Insurance, UAV, ADIC, Growth, Aviation, National Association, Value-added network, DSPS, UAS, Thought, National Association of Insurance Commissioners, Method, Risk, Assistant, Kansas Insurance Commissioner, Solution, Industry, MRO, AD, Military personnel, Veteran, Beekeeping, Spartacus

Specifically, Aquiline Drones Corporation (AD), a Hartford-based drone solutions provider today announced that it has successfully completed the rigorous licensing process to establish its own insurance subsidiary - Aquiline Drones Indemnity Corporation (ADIC), through the State of Connecticut Insurance Department, making AD the first US drone manufacturer to do so.

Key Points: 
  • Specifically, Aquiline Drones Corporation (AD), a Hartford-based drone solutions provider today announced that it has successfully completed the rigorous licensing process to establish its own insurance subsidiary - Aquiline Drones Indemnity Corporation (ADIC), through the State of Connecticut Insurance Department, making AD the first US drone manufacturer to do so.
  • "As a company founded by veteran airline pilots, safety has always been paramount to us and is the cornerstone of our growth," said Aquiline Drones Founder and CEO Barry Alexander.
  • According to the National Association of Insurance Commissioners, a captive is a wholly owned subsidiary that provides insurance to its non-insurance parent company or companies.
  • Aquiline Drones Corporation (AD) is a progressive American drone manufacturer and cloud solutions company located in the financial district of Hartford, Connecticut.