AM

AM Best Affirms Credit Ratings of Hiscox Ltd and Its Subsidiaries

Retrieved on: 
Friday, November 3, 2023
Banking, Professional Services, Insurance, Finance, GWP, AM Best, Good, History, Credit, News, AM, Guernsey, Risk management, HIG, Bermuda, HIB, USD, ALL, Reinsurance, Bank, Hiscox

At the same time, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of Hiscox Ltd (Hiscox) (Bermuda), the ultimate non-operating holding company of the Hiscox group of companies.

Key Points: 
  • At the same time, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of Hiscox Ltd (Hiscox) (Bermuda), the ultimate non-operating holding company of the Hiscox group of companies.
  • The ratings of HIB, HICL, HIG and HICI reflect their strategic importance to Hiscox, as well as their integration within the group.
  • 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 Nationale Borg Reinsurance N.V.

Retrieved on: 
Friday, November 3, 2023
Insurance, Professional Services, AM Best, Credit, Net, News, Liberty Mutual, AM, Risk management, NB, Investment, ALL

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Nationale Borg Reinsurance N.V. (NB Re) (Willemstad, Curacao).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Nationale Borg Reinsurance N.V. (NB Re) (Willemstad, Curacao).
  • The ratings also reflect the explicit and implicit support received from the Liberty Mutual enterprise via infrastructure, management, other operational support and reinsurance coverage.
  • 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 Seguros Universales, S.A.

Retrieved on: 
Friday, November 3, 2023
Insurance, Professional Services, Good, AM Best, Credit, News, Acquisition, AM, ERM, ALL, Risk management, Reinsurance, Montes Universales

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Seguros Universales, S.A. (Universales) (Guatemala).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Seguros Universales, S.A. (Universales) (Guatemala).
  • 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 Assigns Issue Credit Ratings to Humana Inc.’s Senior Unsecured Notes

Retrieved on: 
Friday, November 3, 2023
Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, Long-Term Capital Management, Good, AM Best, NYSE, Tax, Federal Home Loan Banks, Medicare, Credit, HUM, News, AM, EBIT, Risk, Borrowing base, Average revenue per user, Investment, Kindred, ALL, Security (finance), Humana, Gentiva Health Services

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb” (Good) to the recently announced $500 million, 5.75 % senior unsecured notes, due 2028, and the $850 million, 5.95% senior unsecured notes, due 2034, issued by Humana Inc. (Humana) (headquartered in Louisville, KY) [NYSE: HUM].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb” (Good) to the recently announced $500 million, 5.75 % senior unsecured notes, due 2028, and the $850 million, 5.95% senior unsecured notes, due 2034, issued by Humana Inc. (Humana) (headquartered in Louisville, KY) [NYSE: HUM].
  • Humana’s Long-Term Issuer Credit Rating of “bbb” (Good), its Long-Term IRs and the ratings of its insurance subsidiaries are unchanged.
  • Humana had $1.5 billion of senior unsecured notes mature on Aug. 3, 2023; part of this debt issuance previously had been retired in February 2023 with the remaining notes paid using commercial paper.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Downgrades Issuer Credit Ratings of Employers Mutual Casualty Company and Certain Subsidiaries; Affirms Financial Strength Ratings

Retrieved on: 
Friday, November 3, 2023
Banking, Professional Services, Insurance, Finance, ICRS, Weather, AM Best, Long-Term Capital Management, EMC Insurance Building, Life, Credit, AM, FSR, EMCC

In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of EMC National Life Company (EMCNL).

Key Points: 
  • In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of EMC National Life Company (EMCNL).
  • The outlook of these Credit Ratings (ratings) is stable.
  • EMCC and its subsidiaries are domiciled in Des Moines, IA, except for Dakota Fire Insurance Company, which is domiciled in Bismarck, ND.
  • The ratings of EMCNL reflect its balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate ERM.

AM Best Affirms Credit Ratings of Ameriprise Financial, Inc. and Its Subsidiaries

Retrieved on: 
Friday, November 3, 2023
Insurance, Professional Services, ACIC, Policy, Long-Term Capital Management, AM Best, NYSE, AMP, Life, Credit, News, AM, RiverSource, FSR, Risk management, ERM, Superior, Investment, ALL, Security (finance), Ameriprise Financial

These companies represent the key life/health (L/H) insurance subsidiaries of Ameriprise Financial, Inc. (Ameriprise) (headquartered in Minneapolis, MN) [NYSE: AMP] and are collectively known as Ameriprise Financial Group.

Key Points: 
  • These companies represent the key life/health (L/H) insurance subsidiaries of Ameriprise Financial, Inc. (Ameriprise) (headquartered in Minneapolis, MN) [NYSE: AMP] and are collectively known as Ameriprise Financial Group.
  • In addition, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the existing Long-Term Issue Credit Ratings (Long-Term IRs) of Ameriprise.
  • 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 ICM Assurance Ltd

Retrieved on: 
Friday, November 3, 2023
Insurance, Professional Services, AM Best, ICMA, Credit, CNOOC, News, AM, CNOOC Limited, Risk management, ERM, Risk, ALL, Michael (archangel)

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of ICM Assurance Ltd (ICMA) (St. Michael, Barbados).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of ICM Assurance Ltd (ICMA) (St. Michael, Barbados).
  • 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 Withdraws Credit Ratings of Afianzadora G&T S.A.

Retrieved on: 
Friday, November 3, 2023
Insurance, Professional Services, AM Best, Credit, News, AM, Risk management, ALL, AG, S.A

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • Concurrently, AM Best has withdrawn these ratings as a result of Afianzadora G&T, S.A. being dissolved when it merged with Seguros G&T, S.A., the latter being the absorbing entity.
  • 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 KB Insurance Co., Ltd.

Retrieved on: 
Thursday, November 2, 2023
Professional Services, Insurance, Finance, KB Financial Group, Policy, AM Best, Credit, News, AM, KBI, Risk management, KB, Communication, ALL, Film industry

The ratings also reflect the support that the company receives from its parent, KB Financial Group Inc. (KB Group) and its strategic importance to KB Group.

Key Points: 
  • The ratings also reflect the support that the company receives from its parent, KB Financial Group Inc. (KB Group) and its strategic importance to KB Group.
  • 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 Affirms Credit Ratings and Assigns National Scale Rating to Suez Canal Insurance

Retrieved on: 
Thursday, November 2, 2023
Professional Services, Insurance, Finance, NSR, AM Best, SCI, Credit, News, AM, Environment, Risk management, ERM, Risk, Superior, ALL, Environmental remediation

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

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