BSIC

AM Best Revises Outlooks to Stable for Trisura Group Ltd. Members; Comments on First Founders Assurance Company

Retrieved on: 
Thursday, April 18, 2024
Banking, Professional Services, Insurance, Finance, FFAC, Treasury, TSIC, News, Credit, TSX, AM Best, BSIC, Risk management, ERM, Acquisition, OK, ALL, TIC

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the operating entities of Trisura Group Ltd. (Trisura) [TSX:TSU] (Toronto, Ontario, Canada), which include Trisura Specialty Insurance Company (TSIC), Trisura Insurance Company (TIC), Bricktown Specialty Insurance Company (BSIC) and Trisura Guarantee Insurance Company (TGIC).

Key Points: 
  • AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the operating entities of Trisura Group Ltd. (Trisura) [TSX:TSU] (Toronto, Ontario, Canada), which include Trisura Specialty Insurance Company (TSIC), Trisura Insurance Company (TIC), Bricktown Specialty Insurance Company (BSIC) and Trisura Guarantee Insurance Company (TGIC).
  • The revision of the outlooks to stable from negative reflects improved ERM practices, policies and procedures around Trisura’s risk management of U.S. captive reinsurance contracts.
  • As a result, Trisura has renewed all its ongoing programs successfully and reduced its overall captive exposure.
  • Concurrently, AM Best has commented that the ratings of First Founders Assurance Company (FFAC) (Chester, NJ) remain unchanged following the March 26, 2024, announcement that Trisura has closed on the acquisition of FFAC.

AM Best Revises Outlooks to Negative for Trisura Group Ltd. Members

Retrieved on: 
Friday, March 17, 2023
Professional Services, Insurance, Finance, AM Best, TSU, ALL, TSIC, Policy, CAD, Risk management, Credit, TIC, AM, TSX, BSIC, OK, News

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the operating entities of Trisura Group Ltd. (Trisura) [TSX:TSU] (Toronto, Ontario, Canada), which include Trisura Specialty Insurance Company (TSIC), Trisura Insurance Company (TIC), Bricktown Specialty Insurance Company (BSIC) and Trisura Guarantee Insurance Company (TGIC).

Key Points: 
  • AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the operating entities of Trisura Group Ltd. (Trisura) [TSX:TSU] (Toronto, Ontario, Canada), which include Trisura Specialty Insurance Company (TSIC), Trisura Insurance Company (TIC), Bricktown Specialty Insurance Company (BSIC) and Trisura Guarantee Insurance Company (TGIC).
  • The negative outlooks reflect required improvements in Trisura’s operational risk management processes around management of captives within its U.S. operations.
  • While Trisura is actively addressing these issues from a policy, organizational and corporate governance perspective, AM Best notes that the effectiveness of these actions will require time to evaluate.
  • 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 Trisura Group Ltd. Members

Retrieved on: 
Wednesday, January 11, 2023
Professional Services, Insurance, Finance, AM Best, News, TSIC, Insurance, Credit, BSIC, TSX, ALL, TIC, TSU, Risk management, AM

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of the operating entities of Trisura Group Ltd. (Trisura) [TSX:TSU] (Toronto, Ontario, Canada), which include Trisura Specialty Insurance Company (TSIC), Trisura Insurance Company (TIC), Bricktown Specialty Insurance Company (BSIC) and Trisura Guarantee Insurance Company (TGIC).

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 operating entities of Trisura Group Ltd. (Trisura) [TSX:TSU] (Toronto, Ontario, Canada), which include Trisura Specialty Insurance Company (TSIC), Trisura Insurance Company (TIC), Bricktown Specialty Insurance Company (BSIC) and Trisura Guarantee Insurance Company (TGIC).
  • 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 Credit Ratings to Bricktown Specialty Insurance Company

Retrieved on: 
Wednesday, March 30, 2022
Insurance, Professional Services, AM, Credit, Risk management, ALL, Industry, AM Best, News, BSIC, Insurance

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Bricktown Specialty Insurance Company (BSIC) (Oklahoma City, OK).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Bricktown Specialty Insurance Company (BSIC) (Oklahoma City, OK).
  • 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 Bests Credit Ratings, Bests Performance Assessments, 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 specializing in the insurance industry.

Pathfinder Provides Update on Storage Acquisition, Reports Full Occupancy and Planned Expansion in Penticton

Retrieved on: 
Monday, March 21, 2022
TSX Venture Exchange, CFA, RV-C, Sale, Letter of intent, Forward-looking statement, Growth, Multimedia, No, Board, Corporation, Hotel manager, Pathfinder, Intention, Director, COVID-19, Person, Goal, Disclosure, Longstreet Hotel, Casino, and RV Resort, News, Acquisition, File, Self storage, Security (finance), Risk management, RV, BSIC, Penticton, BC

is pleased to provide an update on the previously announced RV & self storage acquisition of Black Sheep Income Corp. ("BSIC").

Key Points: 
  • is pleased to provide an update on the previously announced RV & self storage acquisition of Black Sheep Income Corp. ("BSIC").
  • BSIC reports that the Penticton location is operating at full capacity and Pathfinder plans an expansion to add an additional 2800 sqft of indoor storage.
  • Penticton RV and Self Storage Business at Full Capacity, Expansion Planned
    BSIC acquired the Penticton RV and self-storage location in 2020, and management has consistently improved revenues and net operating income since the acquisition.
  • Over the last 6 months, the occupancy has been over 95% and Pathfinder plans to add an additional 2800 sq ft of rentable storage.

Pathfinder Signs Strategic Acquisition Agreement Adding RV & Self Storage Assets and Management Expertise

Retrieved on: 
Tuesday, February 15, 2022
Trigger, StorageMart, Goal, Arm, Board, Person, Acquisition, TSX Venture Exchange, Housing, Pleasure, Longstreet Hotel, Casino, and RV Resort, Highway, Intention, Director, Letter of intent, Alberta Securities Commission, Research, Sherwood Park, Treasury, CFO, LOI, No, File, CFA, Board of directors, Corporation, Disclosure, Rocky Mountains, Leadership, PVI, Operational risk, The Blackstone Group, News, Computer, Duke, Johnnie Walker RV, Glasgow Army Airfield Norden Bombsight Storage Vault, Business, RTO, Recreation, CEO, Contract, Forward-looking statement, CA, Hotel manager, Fairfax Financial, Financial management, Growth, Multimedia, CPA, COVID-19, Self storage, Management, Oil, Security (finance), Bank, Pathfinder, Exchange, RV, BSIC, Penticton, BC

Pathfinder signs LOI to acquire Black Sheep Income Corp. that owns and operates two RV & self-storage assets and is under contract to purchase two existing RV Resorts.

Key Points: 
  • Pathfinder signs LOI to acquire Black Sheep Income Corp. that owns and operates two RV & self-storage assets and is under contract to purchase two existing RV Resorts.
  • VANCOUVER, BC, Feb. 15, 2022 /PRNewswire/ - Pathfinder Ventures Inc. (TSXV: RV) (the "Corporation," "PVI" or "Pathfinder.")
  • company with RV and self-storage assets, to acquire all of the shares of BSIC for a combination of Pathfinder shares and cash.
  • Although these statements are based on information currently available to RV, RV provides no assurance that actual results will meet management's expectations.

Benchmark Specialty Insurance Company Attains “A” Ratings From AM Best

Retrieved on: 
Tuesday, February 15, 2022
NASDAQ, BSIC, Data, Company, District, Forward-looking statement, AM Best, Private Securities Litigation Reform Act, Nasdaq, GLOBE, TIG, Insurance, U.S. Securities and Exchange Commission, Risk management, Growth, COVID-19, News, Program, Industry, Reinsurance

BSICs ratings were awarded due to a 100% quota share reinsurance contract with Benchmark Insurance Company, highlighting Benchmark Insurance Companys balance sheet strength, operating performance, limited business profile and appropriate enterprise risk management.

Key Points: 
  • BSICs ratings were awarded due to a 100% quota share reinsurance contract with Benchmark Insurance Company, highlighting Benchmark Insurance Companys balance sheet strength, operating performance, limited business profile and appropriate enterprise risk management.
  • We are very pleased that AM Best recognized the strength of Benchmark, said Andrew M. OBrien, Chief Executive Officer of Trean.
  • BSIC, a newly added wholly-owned subsidiary of Benchmark Insurance Company, Inc., is an excess and surplus carrier that will write specialty/niche products through partners that give the company access to program offerings on a non-admitted basis.
  • Trean Insurance Group, Inc. (NASDAQ: TIG) provides products and services to the specialty insurance market.

AM Best Assigns Credit Ratings to Benchmark Specialty Insurance Company, a New Member of Benchmark Insurance Group

Retrieved on: 
Tuesday, February 8, 2022
Insurance, Professional Services, Benchmark, NASDAQ, News, Industry, Risk management, BIG, ALL, Program, BSIC, Credit, AM, TIG, Insurance, AM Best

BSIC is a newly added member of Benchmark Insurance Group (BIG) and a wholly owned subsidiary of Benchmark Insurance Company, which is ultimately owned by Trean Insurance Group, Inc. [NASDAQ: TIG].

Key Points: 
  • BSIC is a newly added member of Benchmark Insurance Group (BIG) and a wholly owned subsidiary of Benchmark Insurance Company, which is ultimately owned by Trean Insurance Group, Inc. [NASDAQ: TIG].
  • The company is being afforded the groups ratings via a 100% quota share reinsurance contract with Benchmark Insurance Company.
  • 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 Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Blue Sail Shanghai Innovation Center (BSIC) Launched at ATLATL

Retrieved on: 
Thursday, July 30, 2020
Medical devices, Health, Science, Other Science, Medical Supplies, Ancient Egyptian technology, Cucuteni–Trypillia culture, Marine propulsion, Sail, BSIC

BLUE SAIL MEDICAL CO., LTD. (Blue Sail) opened its Blue Sail Shanghai Innovation Center (BSIC) in July 2020 at ATLATL Innovation Center, which built the customized GMP facility after a 10-month effort.

Key Points: 
  • BLUE SAIL MEDICAL CO., LTD. (Blue Sail) opened its Blue Sail Shanghai Innovation Center (BSIC) in July 2020 at ATLATL Innovation Center, which built the customized GMP facility after a 10-month effort.
  • View the full release here: https://www.businesswire.com/news/home/20200730005761/en/
    Blue Sail Shanghai Innovation Center (BSIC) at ATLATL (Photo: Business Wire)
    Blue Sail is the world's largest vinyl glove enterprise (Shenzhen SE code: 002382).
  • Blue Sail entered the cardiovascular arena after acquisition of Biosensors International Group, Ltd. (abbr.
  • Blue Sail is committed to developing a world-class leading enterprise in the comprehensive medical industry as a famous brand trusted by the public.