AM

AM Best Revises Issuer Credit Rating Outlook to Positive for Shinkong Insurance Company Limited

Retrieved on: 
Thursday, April 25, 2024
Professional Services, Insurance, Finance, News, Credit, ICR, AM Best, Communication, ERM, Long-Term Capital Management, ALL, COVID-19, FSR

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Shinkong Insurance Company Limited (Shinkong Insurance) (Taiwan).

Key Points: 
  • AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Shinkong Insurance Company Limited (Shinkong Insurance) (Taiwan).
  • Shinkong Insurance also reported improved investment results in 2023 as interest and dividend income remained stable, while capital losses also shrank materially during the year.
  • 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.

AM Best Affirms Credit Ratings of Interamericana de Fianzas y Seguros, S.A.

Retrieved on: 
Wednesday, April 24, 2024
Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, News, COSO, Credit, AM Best, ERM, Good, ALL

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Interamericana de Fianzas y Seguros, S.A. (IFS) (Panama).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Interamericana de Fianzas y Seguros, S.A. (IFS) (Panama).
  • 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 Symetra Financial Corporation and Its Subsidiaries

Retrieved on: 
Wednesday, April 24, 2024
Professional Services, Insurance, Finance, News, Sumitomo Life, Credit, AM Best, ERM, Good, ALL, Risk management

Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the Long-Term Issue Credit Rating of “bbb+” (Good) on $250 million 4.25% senior unsecured notes, due 2024 of Symetra Financial Corporation (Symetra).

Key Points: 
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the Long-Term Issue Credit Rating of “bbb+” (Good) on $250 million 4.25% senior unsecured notes, due 2024 of Symetra Financial Corporation (Symetra).
  • The ratings reflect Symetra Life Group’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, 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 Downgrades Credit Ratings of Farm Bureau County Mutual Insurance Company of Texas and Texas Farm Bureau Casualty Insurance Company; Removes Affiliates From Under Review

Retrieved on: 
Wednesday, April 24, 2024
Banking, Professional Services, Insurance, Finance, News, Uncertainty, Credit, AM Best, Risk management, Texas Farm Bureau, ALL, FSR

AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of Farm Bureau County Mutual Insurance Company of Texas and Texas Farm Bureau Casualty Insurance Company (together known as Texas Farm Bureau Casualty Group).

Key Points: 
  • AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of Farm Bureau County Mutual Insurance Company of Texas and Texas Farm Bureau Casualty Insurance Company (together known as Texas Farm Bureau Casualty Group).
  • At the same time, AM Best has removed from under review with negative implications and affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) of Texas Farm Bureau Mutual Insurance Company and Texas Farm Bureau Underwriters (together known as Texas Farm Bureau Mutual Group).
  • All companies are domiciled in Waco, TX, and are collectively referred to as Texas Farm Bureau Insurance Group (the group).
  • The ratings reflect Texas Farm Bureau Insurance 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.

AM Best Revises Issuer Credit Rating Outlook to Positive for Southern Farm Bureau Life Insurance Company

Retrieved on: 
Wednesday, April 24, 2024
Insurance, Professional Services, News, Credit, AM Best, Superior, ERM, American Farm Bureau Federation, ALL, Growth, FSR, Risk management

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICR of “aa-” (Superior) of Southern Farm Bureau Life Insurance Company (Southern Farm Bureau Life) (Jackson, MS).

Key Points: 
  • AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICR of “aa-” (Superior) of Southern Farm Bureau Life Insurance Company (Southern Farm Bureau Life) (Jackson, MS).
  • Southern Farm Bureau Life’s operating performance has exhibited consistent growth in top line premium, driven by the company’s diverse network of associated Farm Bureau Federations across 11 states.
  • 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 Universal Insurance Company (Guernsey) Limited

Retrieved on: 
Tuesday, April 23, 2024
Other Professional Services, Professional Services, Insurance, GBP, News, UHL, UIC, Credit, AM Best, ERM, ALL

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Universal Insurance Company (Guernsey) Limited (UIC) (Guernsey).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Universal Insurance Company (Guernsey) Limited (UIC) (Guernsey).
  • 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.

April Edition of Best’s Review Ranks Largest Asia-Pacific Insurers

Retrieved on: 
Tuesday, April 23, 2024
Professional Services, Insurance, Finance, News

Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace.

Key Points: 
  • Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace.
  • Access to the complete content of Best’s Review is available here .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.

Sensormatic Solutions Showcases New, Sustainable SPX AM Label Designed to Protect Merchandise and the Environment

Retrieved on: 
Tuesday, April 23, 2024
Packaging, Delivery Services, Environment, Technology, Restaurant, Bar, Manufacturing, Sustainability, Specialty, Office Products, Food, Beverage, Fashion, Cosmetics, Retail, Convenience Store, Catalog, Green Technology, Supply Chain Management, Online Retail, Luxury, Discount, Variety, IOT (Internet of Things), Home Goods, Learning, Liability, Forest Stewardship Council, Sensormatic, FSC, SPX, Habit, JCI, Friction, Johnson Controls

Sensormatic Solutions , the leading global retail solutions portfolio of Johnson Controls (NYSE: JCI), today showcases a new, sustainable Acousto-Magnetic (AM) label designed to protect merchandise and the planet: the Sustainable SPX AM Label .

Key Points: 
  • Sensormatic Solutions , the leading global retail solutions portfolio of Johnson Controls (NYSE: JCI), today showcases a new, sustainable Acousto-Magnetic (AM) label designed to protect merchandise and the planet: the Sustainable SPX AM Label .
  • Sensormatic Solutions SPX AM Labels are making it easier for retailers to answer the call to pursue responsible practices.
  • Sustainability has always been a focus for Sensormatic Solutions, and it’s woven into its processes and facilities, products, solutions, and services.
  • To learn more about Sensormatic Solutions commitment to supporting retail’s healthier, more sustainable future, download “ Our Retail Sustainability Story” or visit sensormatic.com/about-us/sustainability .

AM Best to Participate in NAIC International Insurance Forum Investment Panel Discussion

Retrieved on: 
Monday, April 22, 2024
Insurance, Professional Services, News, AM Best, Future, Bermuda Monetary Authority, NAIC, ALL

AM Best Managing Director Ken Johnson will participate in a panel discussion on navigating the investment landscape during the upcoming NAIC International Insurance Forum.

Key Points: 
  • AM Best Managing Director Ken Johnson will participate in a panel discussion on navigating the investment landscape during the upcoming NAIC International Insurance Forum.
  • The panel is titled, “Positioning for the Future – Navigating the Investment Landscape,” and will be moderated by Virginia Bureau of Insurance Commissioner Scott A.
  • To view the official agenda and learn more about the NAIC International Insurance Forum 2024, please visit the event overview .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Revises Issuer Credit Rating Outlook to Positive for Unity Financial Life Insurance Company

Retrieved on: 
Friday, April 19, 2024
Insurance, Professional Services, News, Risk, Credit, AM Best, Growth, Risk management, Good, ALL, SPIA, FSR

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Unity Financial Life Insurance Company (Unity) (Cincinnati, OH).

Key Points: 
  • AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Unity Financial Life Insurance Company (Unity) (Cincinnati, OH).
  • The positive outlook of the Long-Term ICR is a result of improvements in the company’s balance sheet strength.
  • 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.