AM Best affirms FSR for The Penn Mutual Life Insurance & subsidiaries

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of The Penn Mutual Life Insurance Company (Penn Mutual Life) (Horsham, PA) and its wholly owned subsidiaries, The Penn Insurance and Annuity Company (Wilmington, DE), Vantis Life Insurance Company (Windsor, CT) and The Penn Insurance and Annuity Company of New York (Brewster, NY). These companies collectively are referred to as Penn Mutual Group...

PSP Investments to Release Green Bond Framework

The Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, today announced the publication of its Green Bond Framework. Green Bonds will provide a new tool in PSP Investments’ toolkit to support strong financial performance and responsible investment outcomes. PSP Investments’ Green Bond Framework is aligned with existing standards in green bond and sustainable debt markets. It has been awarded an environmental rating of “Medium Green” and the highest possible governance score of...

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