credit ratings - FinTecBuzz

AM Best Assigns Credit Ratings to Omaha National Insurance Company

May 4, 20226 min

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Omaha National Insurance Company (ONIC) (Omaha, NE). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect ONIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The very strong balance sheet assessment reflects ONIC’s strongest...

by BusinessWire

Insurance

AM Best Assigns Credit Ratings to Euro Accident Livförsäkring AB

April 5, 20226 min

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Euro Accident Livförsäkring AB (Euro Accident) (Sweden). The outlook assigned to these Credit Ratings (ratings) is stable. The majority owner of Euro Accident is Impilo AB, a Swedish investment firm focused on Nordic health care investments. The ratings reflect Euro Accident’s balance sheet strength, which AM Best assesses as strong, as well as its adequate...

by BusinessWire

Insurance

AM Best Assigns Credit Ratings to C&T Insurance Company

April 4, 20225 min

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to C&T Insurance Company (C&T) (Vermont). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect C&T’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). C&T is a single parent captive of MasTec, Inc. (MasTec)...

by BusinessWire

Insurance

AM Best Affirms Credit Ratings of Sooner Insurance Company

February 7, 20226 min

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). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Sooner’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). Sooner’s balance sheet strength is underpinned by its risk-adjusted capitalization...

by BusinessWire

Insurance

AM Best Affirms Credit Ratings of Fubon Insurance Co., Ltd.

November 8, 20216 min

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Fubon Insurance Co., Ltd. (Fubon Insurance) (Taiwan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Fubon Insurance’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management. Fubon Insurance’s risk-adjusted capitalisation remained at the strongest level...

by BusinessWire

Insurance

AM Best Assigns Credit Ratings to AXA Insurance (Gulf) B.S.C.(c)

October 18, 20216 min

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to AXA Insurance (Gulf) B.S.C.(c) (AXA Gulf) (Bahrain). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect AXA Gulf’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). On 7 September 2021, AXA Gulf announced...

by BusinessWire

Financial Software

AM Best Affirms Credit Ratings of Korea P&I Club

August 23, 20218 min

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Korea P&I Club (KP&I or the Club) (South Korea). The outlook of these Credit Ratings (ratings) is negative. The ratings reflect KP&I’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. The ratings also acknowledge the wide range of support...

by BusinessWire

Analytics/BI

AM Best Affirms Credit Ratings of The Northwestern Mutual Life Insurance Company

April 30, 20208 min

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aaa” of The Northwestern Mutual Life Insurance Company (Northwestern Mutual) and its subsidiary, Northwestern Long Term Care Insurance Company. The companies are domiciled in Milwaukee, WI, and collectively are known as Northwestern Mutual Group (NMG). Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of Northwestern Mutual’s outstanding surplus notes. The outlook of these Credit Ratings (rating) is...