Long-term care insurance

AM Best Takes Various Credit Rating Actions on The Allstate Corporation and Its Key Subsidiaries

Retrieved on: 
Wednesday, August 9, 2023
Professional Services, Insurance, Finance, National health insurance, Good, AM Best, Allstate, Life, FCIC, ALL, Marketing, ERM, Share repurchase, Risk management, Average revenue per user, Credit, Short Term European Paper, American Heritage, FSR, Superior, Republika Srpska official football team, Growth, Long-term care insurance, AM, News, NYSE, Film industry, Reinsurance

The companies add depth and diversification to the Allstate organization through the marketing of their various life and health products.

Key Points: 
  • The companies add depth and diversification to the Allstate organization through the marketing of their various life and health products.
  • A complete listing of The Allstate Corporation and its P/C and life/health subsidiaries’ FSRs, Long-Term ICRs and Long- and Short-Term IRs is available.
  • 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 Affirms Credit Ratings of The Hartford Steam Boiler Group’s Members

Retrieved on: 
Friday, August 4, 2023
Insurance, Professional Services, HSB, AM Best, Hartford Steam Boiler Inspection and Insurance Company, ALL, Internet of things, Policy, Risk management, Water, Credit, Risk, FSR, Superior, United Kingdom, Knowledge, Growth, Long-term care insurance, AM, News

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the members of The Hartford Steam Boiler Group (HSB).

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 “aa+” (Superior) of the members of The Hartford Steam Boiler Group (HSB).
  • 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 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 Upgrades Issuer Credit Ratings of Crum & Forster Insurance Group’s Members and Monitor Life Insurance Company of New York

Retrieved on: 
Thursday, August 3, 2023
Insurance, Professional Services, AM Best, Long-term care insurance, ERM, Crum, Credit, United States Fire Insurance Company of New York, Fairfax Financial, FSR, AM, Risk management

AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the members of Crum & Forster Insurance Group (C&F).

Key Points: 
  • AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the members of Crum & Forster Insurance Group (C&F).
  • Concurrently, AM Best has upgraded the Long-Term ICR to “a+” (Excellent) from “a” (Excellent) and affirmed the FSR of A (Excellent) of Monitor Life Insurance Company of New York (Monitor Life) (New York, NY).
  • The outlook of these Credit Ratings (ratings) is stable.
  • The ratings also reflect the financial support and strategic importance to its parent, United States Fire Insurance Company, part of C&F.

AM Best Upgrades Issuer Credit Ratings of Global Atlantic Financial Group Limited and Its Subsidiaries

Retrieved on: 
Thursday, July 27, 2023
Banking, Professional Services, Insurance, Finance, Good, AM Best, ALL, ERM, Credit, FSR, AM, Long-term care insurance, Bermuda, News, Credit rating agency, Risk management

Together, these subsidiaries are referred to collectively as Global Atlantic Group (Global Atlantic).

Key Points: 
  • Together, these subsidiaries are referred to collectively as Global Atlantic Group (Global Atlantic).
  • AM Best also has upgraded the Long-Term ICR to “bbb+” (Good) from “bbb” (Good) of Global Atlantic Financial Group Limited (Bermuda).
  • The Credit Ratings (ratings) reflect Global Atlantic’s balance sheet strength, which AM Best assesses as very strong, as well as its strong 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 .

AM Best Places Credit Ratings of Clear Blue Insurance Group’s Members Under Review With Negative Implications

Retrieved on: 
Tuesday, July 25, 2023
Insurance, Professional Services, AM Best, ALL, Credit, Light of a Clear Blue Morning, Risk, FSR, AM, Long-term care insurance, Guaynabo, Puerto Rico, News

AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of the members of Clear Blue Insurance Group (Clear Blue) (Guaynabo, PR).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of the members of Clear Blue Insurance Group (Clear Blue) (Guaynabo, PR).
  • See below for a detailed listing of members and Credit Ratings (ratings).
  • The ratings of Clear Blue have been placed under review with negative implications given the current uncertainty around Clear Blue’s ability to rely on certain letters of credit, posted to back reinsurance placed by Clear Blue with certain reinsurers.
  • 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 The Travelers Companies, Inc. and Most Subsidiaries

Retrieved on: 
Thursday, July 20, 2023
Banking, Professional Services, Insurance, Finance, The Travelers Companies, TCSA, AM Best, Travelers Casualty & Surety Co. of America v. Pacific Gas & Electric Co., ICR, ALL, ERM, Long-Term Capital Management, TICC, Average revenue per user, Traveler, Credit, Short Term European Paper, Risk, FSR, Superior, AM, Long-term care insurance, TRV, News, NYSE, Risk management, Reinsurance, Dominion

At the same time, AM Best has affirmed all other Long-Term IRs and Short-Term Issue Credit Ratings (Short-Term IR) guaranteed by TRV, as well as TRV’s indicative Long-Term IRs.

Key Points: 
  • At the same time, AM Best has affirmed all other Long-Term IRs and Short-Term Issue Credit Ratings (Short-Term IR) guaranteed by TRV, as well as TRV’s indicative Long-Term IRs.
  • 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 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 Subsidiaries of Old Republic International Corporation

Retrieved on: 
Wednesday, July 12, 2023
Insurance, Professional Services, Good, AM Best, ORL, ERM, Old Republic International, Credit, FSR, Superior, ORI, Mortality, Long-term care insurance, NYSE, Risk management, Old Republic

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of the members of Old Republic Insurance Companies (Old Republic).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of the members of Old Republic Insurance Companies (Old Republic).
  • All companies are subsidiaries of Old Republic International Corporation (ORI) [NYSE: ORI].
  • The ratings of Old Republic, which is considered the lead rating unit in the Old Republic International Corporation enterprise, reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management (ERM).
  • Old Republic is the flagship group for the Old Republic Insurance enterprise and one of the top 35 property/casualty insurers in the United States.

AM Best Affirms Credit Ratings of Members of Farmers Insurance Group

Retrieved on: 
Friday, June 23, 2023
Professional Services, Insurance, Finance, Good, AM Best, Risk management, Credit, Zurich Insurance Group, DE, Farmers Insurance Group, FSR, Long-term care insurance, Farmer

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of Farmers Insurance Group (Farmers).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of Farmers Insurance Group (Farmers).
  • At the same time, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of “bbb+” (Good) on the outstanding surplus notes of Farmers Insurance Exchange (Woodland Hills, CA) and Farmers Exchange Capital (Wilmington, DE).
  • The ratings also reflect Farmers’ strategic importance to Zurich Insurance Group Ltd (Zurich) (Switzerland).
  • Although Zurich has no ownership interest in the members of Farmers, the entities are strategically linked via an attorney-in-fact relationship between the members of the group and Farmers Group, Inc., Zurich’s wholly owned subsidiary.

AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Life Subsidiaries

Retrieved on: 
Thursday, June 15, 2023
Consulting, Professional Services, Insurance, Finance, Dai, AM Best, Protection, Life, ALL, ERM, Risk management, Long-Term Capital Management, Credit, Investment, Risk, FSR, Superior, Protective Life, AM, Long-term care insurance, Growth, Mortality, News, Security (finance)

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the primary life insurance subsidiaries of Protective Live Corporation (headquartered in Birmingham, AL), collectively known as Protective Life.

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 “aa-” (Superior) of the primary life insurance subsidiaries of Protective Live Corporation (headquartered in Birmingham, AL), collectively known as Protective Life.
  • Additionally, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the existing Long-Term Issue Credit Ratings (Long-Term IRs) of Protective Life Corporation.
  • 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 Assigns Credit Ratings to Point Excess and Surplus Insurance Company; Affirms Credit Ratings of Sentry Insurance Group Members

Retrieved on: 
Wednesday, June 14, 2023
Insurance, Professional Services, AM Best, ERM, Sentry Insurance, Record, Credit, FSR, Superior, Sentry, Long-term care insurance, Risk management

AM Best has assigned a Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) to Point Excess and Surplus Insurance Company (PESIC).

Key Points: 
  • AM Best has assigned a Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) to Point Excess and Surplus Insurance Company (PESIC).
  • PESIC is a newly added member of Sentry Insurance Group (Sentry).
  • Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior) of Sentry Life Insurance Company and Sentry Life Insurance Company of New York, collectively known as Sentry Life.
  • The FSR of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior) have been affirmed for the following members of the Sentry Insurance Group: