Regional Rating Services Updates

The following press releases feature information regarding the Europe, Middle East & Africa marketplace.

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AM Best Affirms Credit Ratings of MAPFRE Panamá S.A. : AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of MAPFRE Panamá S.A. (MAPFRE Panamá) (Panama City, Panama). The outlook of these Credit Ratings (ratings) rem...
Date: February 14, 2020
AM Best Revises Outlooks to Negative For New India Assurance Company Limited : 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 Rating of “a-” of New India Assurance Company Limited (New India) (India). ...
Date: February 13, 2020
AM Best Revises Outlooks to Positive for Halyk-Life, JSC : AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Halyk-Life, Life Insurance Subsidiary Company of the Halyk B...
Date: February 12, 2020
AM Best Downgrades Credit Ratings of Adamjee Insurance Company Limited : AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” from “bbb-” of Adamjee Insurance Company Limited (Adamjee) (Pakistan). The outlook of these Credi...
Date: February 7, 2020
AM Best Withdraws Credit Ratings of LocalTapiola General Mutual Insurance Company : AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of LocalTapiola General Mutual Insurance Company (LocalTapiola) (Finland). The outlook of...
Date: February 7, 2020
AM Best Assigns Credit Ratings to Takaful International Company BSC : AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Takaful International Company BSC (gig-Bahrain Takaful) (Bahrain), the ultimate parent of which is Gulf Insura...
Date: February 3, 2020
Best’s Commentary: French Life Insurers Under Pressure to Cut Bonus Rates as Low Interest Rates Bite : Low interest rates and flattening yield curves are putting pressure on French life insurers’ traditional operating models, with the consequent solvency considerations and regulatory concern prompting them to reduce bonus rate...
Date: February 3, 2020
AM Best Affirms Credit Ratings of Lumico Life Insurance Company and Its Affiliate : AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Lumico Life Insurance Company (Jefferson City, MO) and Lumico Life Insurance Company...
Date: January 31, 2020
AM Best Affirms Credit Ratings of Elips Life Insurance Company : AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” of Elips Life Insurance Company (elipsLife) (headquartered in Schaumburg, IL, USA). The ...
Date: January 31, 2020
AM Best Upgrades Credit Ratings of iptiQ Life S.A. : AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa” from “a+” of iptiQ Life S.A. (iptiQ) (Luxembourg), the ultimate paren...
Date: January 31, 2020
AM Best Upgrades and Withdraws Credit Ratings of Nomad Insurance Company JSC : AM Best has upgraded the Financial Strength Rating to B- (Fair) from C++ (Marginal) and the Long-Term Issuer Credit Rating to “bb-” from “b+” of Nomad Insurance Company JSC (Nomad Insurance) (Kazakhstan). The outlook of these...
Date: January 30, 2020
AM Best Revises Issuer Credit Rating Outlook to Positive for Noor Takaful Family PJSC : 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 (Fair) and the Long-Term ICR of “bb” of Noor Takaful Family ...
Date: January 30, 2020
AM Best Revises Issuer Credit Rating Outlook to Positive for Noor Takaful General PJSC : 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 (Fair) and the Long-Term ICR of “bb” of Noor Takaful General...
Date: January 30, 2020
AM Best Affirms Credit Ratings of CICA Re : AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Compagnie Commune de Réassurance des Etats Membres de la Conférence Interafricaine des Marchés d’Assurances (CI...
Date: January 30, 2020
Best’s Commentary: Brexit Bells Ring for UK and EU Insurers : AM Best has said today that from an operational point of view, the United Kingdom’s departure from the European Union on 31 January 2020 will have little immediate impact on insurers in the U.K. and EU that it rates. However,...
Date: January 30, 2020
Best’s Commentary: Coronavirus Outbreak Highlights Insurers’ Pandemic Risks, Importance of Stress Testing : Although U.S. life/health (L/H) insurers and global reinsurers would face a greater risk of higher mortality and morbidity should a widespread coronavirus outbreak occur, AM Best believes these industries remain well-capitali...
Date: January 29, 2020
AM BestTV: IFRS 17 Will Present a Clearer View of Insurers, Says AM Best Associate Director : In this episode of AMBestTV, Tony Silverman, associate director, AM Best, said the change to IFRS 17 from IFRS 4 accounting standards is not expected to have a near-term impact on insurers’ credit ratings. Click on http://www...
Date: January 29, 2020
AM Best Affirms Credit Ratings of Abarca - Companhia de Seguros S.A. : AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Abarca - Companhia de Seguros S.A. (Abarca) (Portugal). The outlook of these Credit Ratings (ratings) remains...
Date: January 24, 2020
AM Best Affirms Credit Ratings of Sveriges Ångfartygs Assurans Förening (The Swedish Club) : AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Sveriges Ångfartygs Assurans Förening (The Swedish Club) (TSC or the Club) (Sweden). The outlook of these ...
Date: January 23, 2020
AM Best Affirms Credit Ratings of PMG Assurance Ltd. : AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of PMG Assurance Ltd. (PMG) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings r...
Date: January 17, 2020

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