ERM

SRA Enhances Watchtower with an Integrated Risk and Control Self-Assessment (RCSA) Module

Retrieved on: 
Tuesday, February 27, 2024
ERM, PRA, Risk management, Growth, Risk, Software as a service, Control self-assessment, Control, Enterprise risk management, SRA, RCSA, Longevity, RMF

Richmond, VA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Strategic Risk Associates (SRA), a leading SaaS provider of innovative risk management solutions, announced today the launch of a Risk and Control Self-Assessment (RCSA) module within Watchtower, The Holistic Risk Intelligence PlatformTM.

Key Points: 
  • Richmond, VA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Strategic Risk Associates (SRA), a leading SaaS provider of innovative risk management solutions, announced today the launch of a Risk and Control Self-Assessment (RCSA) module within Watchtower, The Holistic Risk Intelligence PlatformTM.
  • The new RCSA module empowers financial institutions with the ability to complete comprehensive risk evaluations through an integrated platform.
  • Watchtower’s risk intelligence suite includes Enterprise Risk Management (ERM), Program Risk Assessment (PRA), Risk Maturity Framework (RMF), FinTech Risk Assessment, and now Risk and Control Self-Assessment (RCSA), offering financial institutions a holistic solution to manage risk.
  • We integrated our RCSA into Watchtower, yielding a truly holistic view of risk.”
    As financial institutions and corporate risk management departments strive to adapt to evolving regulatory requirements and market dynamics, the Watchtower Risk and Control Self-Assessment (RCSA) module serves as a strategic asset for enhancing risk management practices and driving sustainable growth.

AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of Triple-S Propiedad, Inc.

Retrieved on: 
Friday, March 8, 2024
Banking, Professional Services, Insurance, Finance, TSP, ERM, LPT, ALL, News, AM Best, Guaynabo, Puerto Rico, Risk, Weakness, Good, Credit, GuideWell, Hurricane Maria, Risk management

The outlook assigned to these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook assigned to 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Assigns Credit Ratings to Lone Peak Insurance Company

Retrieved on: 
Thursday, March 7, 2024
Professional Services, Insurance, Finance, CLIP, ERM, ALL, News, AM Best, Risk, CLIPS, Policy, Good, Credit, Lone Peak (Utah), Failure, Risk management

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to Lone Peak Insurance Company (Lone Peak) (South Jordan, Utah).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to Lone Peak Insurance Company (Lone Peak) (South Jordan, Utah).
  • Lone Peak was formed in 2019 in Utah, and writes, both on an assumed and direct basis, failure to perform contractual liability insurance policies (CLIPs).
  • 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 Rodeo Insurance Company

Retrieved on: 
Thursday, March 7, 2024
Insurance, Professional Services, ERM, ALL, News, Culture, AM Best, ConocoPhillips, Credit

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Rodeo Insurance Company (Rodeo) (Houston, TX).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Rodeo Insurance Company (Rodeo) (Houston, TX).
  • 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 Affirms Credit Ratings of Sooner Insurance Company

Retrieved on: 
Thursday, March 7, 2024
Insurance, Professional Services, ERM, ALL, Risk management, News, Culture, AM Best, Sooners, ConocoPhillips, History, Credit

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT).
  • 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 Affirms Credit Ratings of Seguros Monterrey New York Life, S.A. de C.V.

Retrieved on: 
Thursday, March 7, 2024
Insurance, Professional Services, Acquisition, Superior, ERM, ALL, ICR, FSR, News, S.A, AM Best, Growth, Credit, Environment, FX, Risk management

SMNYL is the Mexico-based subsidiary of New York Life following its acquisition of Seguros Monterrey in 2000.

Key Points: 
  • SMNYL is the Mexico-based subsidiary of New York Life following its acquisition of Seguros Monterrey in 2000.
  • 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 Revises Outlooks to Positive for American Inter-Fidelity Exchange

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Insurance, Finance, ERM, ALL, News, AM Best, Credit, CAL, APD

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of American Inter-Fidelity Exchange (AIFE) (Merrillville, IN).

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of American Inter-Fidelity Exchange (AIFE) (Merrillville, IN).
  • The outlooks revised to positive reflect AIFE’s strong organic surplus growth that has taken place over the previous five-year period, further enhancing its very strong balance sheet strength assessment.
  • The shift has led to consistent levels of favorable reserve development over the most recent five-year period as CAL exposures run off.
  • 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 Atlantic American Corporation and Its Subsidiaries

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Insurance, Finance, Southern United States, ERM, ALL, FSR, News, AM Best, Credit, Risk, Health, Medicare, Atlantic Ocean, Good

Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” (Good) of the parent company, Atlantic American Corporation (Atlantic American) [NASDAQ: AAME].

Key Points: 
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” (Good) of the parent company, Atlantic American Corporation (Atlantic American) [NASDAQ: AAME].
  • Financial flexibility is sufficient considering the group’s strongest BCAR scores and access to capital markets through the publicly traded parent company, Atlantic American.
  • 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 The Progressive Corporation and Its Subsidiaries

Retrieved on: 
Wednesday, March 6, 2024
Insurance, Professional Services, Superior, Algorithm, ERM, FSR, Transport, AM Best, Progressive Corporation, Legislation, Credit, PGR, Risk management

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 Progressive Corporation (Progressive) (Mayfield Village, OH) [NYSE: PGR].

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 Progressive Corporation (Progressive) (Mayfield Village, OH) [NYSE: PGR].
  • Additionally, AM Best has affirmed the Long-Term ICR of “a” (Excellent) of Progressive, the parent holding company, and all of the Long-Term Issue Credit Ratings (Long-Term IR) of Progressive’s senior unsecured issuances.
  • The outlook of these Credit Ratings (ratings) is stable.
  • Additionally, the ratings recognize the financial strength, infrastructure and technological capabilities afforded as a subsidiary of Progressive.

AM Best Affirms Credit Ratings of Assurant Daños México, S.A. and Assurant Vida México, S.A.

Retrieved on: 
Friday, March 1, 2024
Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, AVM, NSR, ERM, ALL, FSR, News, AM Best, ADM, Credit, Telecommunications

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Assurant Daños México, S.A. (ADM) and Assurant Vida México, S.A. (AVM).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Assurant Daños México, S.A. (ADM) and Assurant Vida México, S.A. (AVM).
  • The outlook of these Credit Ratings (ratings) is positive.
  • 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 .