ERM

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 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 .

G&A Institute Announces 2024 Pathfinder Webinar Series: Navigating the New Regulatory Environment for Corporate Sustainability Disclosures

Retrieved on: 
Wednesday, March 27, 2024
Environment, Climate Change, Environmental Policy, Other Energy, Professional Services, Sustainability, Energy, Environmental, Social and Governance (ESG), Other Professional Services, ERM, Risk management, Accounting, Knowledge, Research, ISSB, G&A, COSO, ICSR, GRI, CSRD, Legislation, JD, CPA, Renewable energy

Governance & Accountability Institute, Inc. (G&A), a leader in corporate sustainability consulting and research, is pleased to announce its 2024 Pathfinder Webinar Series.

Key Points: 
  • Governance & Accountability Institute, Inc. (G&A), a leader in corporate sustainability consulting and research, is pleased to announce its 2024 Pathfinder Webinar Series.
  • Participants will dive into an ocean of knowledge, with the G&A team and guest experts helping to demystify the shifting tides of sustainability reporting and regulatory compliance.
  • The Pathfinder Webinar Series is designed to inform and empower corporate reporters with the knowledge and tools needed to navigate the increasingly complex landscape of both domestic and international sustainability reporting.
  • G&A invites you to join us on this journey through the new regulatory environment for sustainability disclosures.

AM Best Affirms Credit Ratings and Assigns National Scale Rating to PVI Insurance Corporation

Retrieved on: 
Wednesday, March 27, 2024
Banking, Professional Services, Insurance, Finance, PVI, ERM, HDI, Risk management, Communication, ALL, News, Aviation, Petrovietnam, NSR, Credit, Investment, AM Best, Engineering

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of PVI Insurance Corporation (PVI Insurance) (Vietnam).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of PVI Insurance Corporation (PVI Insurance) (Vietnam).
  • Additionally, AM Best has assigned the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to PVI Insurance with a stable outlook.
  • The ratings factor in rating enhancement from PVI Insurance’s ultimate parent, HDI Haftpflichtverband der Deutschen Industrie V.a.G.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

AM Best Withdraws Credit Ratings of The Hollard Insurance Company Pty Ltd

Retrieved on: 
Thursday, March 21, 2024
Insurance, Professional Services, ERM, HHA, Communication, ALL, News, Acquisition, Credit, AM Best, HIC, Weather

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Hollard Insurance Company Pty Ltd (HIC) (Australia).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Hollard Insurance Company Pty Ltd (HIC) (Australia).
  • Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process.
  • The ratings also factor in a neutral impact from the company’s ownership by Hollard Holdings Australia Pty Ltd (HHA).
  • 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 Black Gold Re Limited

Retrieved on: 
Thursday, March 21, 2024
Finance, Consulting, Banking, Professional Services, Insurance, ERM, ALL, News, Black gold, Credit, AM Best, Good

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Black Gold Re Limited (BGRe) (Bermuda).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Black Gold Re Limited (BGRe) (Bermuda).
  • 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 Assigns Credit Ratings to SWBC Property and Casualty Insurance Company and SWBC RE, Ltd.

Retrieved on: 
Monday, March 18, 2024
Professional Services, Insurance, Finance, PC, ERM, Growth, Risk management, ICR, Risk, ALL, History, News, FSR, SWBC, Credit, AM Best

AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to SWBC Property and Casualty Insurance Company (SWBC PC) (San Antonio, TX).

Key Points: 
  • AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to SWBC Property and Casualty Insurance Company (SWBC PC) (San Antonio, TX).
  • Additionally, AM Best has assigned an FSR of A- (Excellent) and a Long-Term ICR of “a-” (Excellent) to SWBC RE, Ltd. (SWBC Re) (Bermuda).
  • The adequate operating performance and limited business profile assessments are based on SWBC PC’s forecast presented to AM Best.
  • 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 Mutual of Omaha Insurance Company and Its Subsidiaries

Retrieved on: 
Friday, March 15, 2024
Professional Services, Insurance, Finance, ERM, Mutual of Omaha, PRT, Average revenue per user, Risk, ALL, Policy, News, Credit, AM Best, Superior, Palladium

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life Insurance Company (Melville, NY) and United World Life Insurance Company.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life Insurance Company (Melville, NY) and United World Life Insurance Company.
  • Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of “a” (Excellent) of Mutual of Omaha Insurance Company’s surplus notes.
  • The group (collectively referred to as Mutual of Omaha) is domiciled in Omaha, NE, unless otherwise specified.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .