Best’s Market Segment Report: Underwriting Conditions for UAE Insurers on Track to Improve Amid IFRS 17 Transition
: Measures put in place by the United Arab Emirates (UAE) insurance regulator, the Central Bank of the UAE, during 2023 and in early 2024 should ameliorate the relatively poor performance of personal lines insurance and support...
Date: April 25, 2024
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April Edition of Best’s Review Ranks Largest Asia-Pacific Insurers
: The April edition of Best’s Review includes the following exclusive rankings:
Largest Asia-Pacific Insurers – 2024 Edition
The previous month’s edition included the following rankings:
Top 20 P/C Managing Gener...
Date: April 23, 2024
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AM Best to Speak, Sponsor and Exhibit at Dubai World Insurance Congress 2024
: AM Best will join a series of roundtable sessions, as well as sponsor and exhibit, at the annual Dubai World Insurance Congress, which will take place 29-30 April 2024, in Dubai.
Roundtable discussions with participation fr...
Date: April 22, 2024
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Best’s Commentary: UAE Insurers Adapt to Changing Weather Trends as Latest Flooding Costs Mount
: AM Best expects the recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) to prompt swathes of claims for motor, property and business interruption insurers in the region.
However, a new...
Date: April 17, 2024
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Best’s Commentary: UAE Insurers Adapt to Changing Weather Trends as Latest Flooding Costs Mount
: AM Best expects the recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) to prompt swathes of claims for motor, property and business interruption insurers in the region.
However, a new...
Date: April 17, 2024
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AM Best Affirms Credit Ratings of Halyk-Life, JSC
: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC (Halyk-Life) (Kazak...
Date: April 12, 2024
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AM Best Affirms Credit Ratings of Victoria Insurance Company JSC
: AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Victoria Insurance Company JSC (Victoria) (Kazakhstan). The outlook of these Credit Ratings (ratings) ...
Date: April 11, 2024
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AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Southern Trust Insurance Company
: AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Southern Trust Insu...
Date: April 11, 2024
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AM Best Affirms Credit Ratings of Suez Canal Insurance
: AM Best has affirmed the Financial Strength Rating of B- (Fair), the Long-Term Issuer Credit Rating of “bb-” (Fair) and the Egypt National Scale Rating (NSR) of aa.EG (Superior) of Suez Canal Insurance (SCI) (Egypt). The outl...
Date: April 4, 2024
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AM Best Affirms Credit Ratings of Misr Insurance Company
: AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Egypt National Scale Rating (NSR) of aaa.EG (Exceptional) of Misr Insurance Company (MIC) (Egypt). T...
Date: April 4, 2024
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AM Best Affirms Credit Ratings of Misr Life Insurance Company
: AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Egypt National Scale Rating (NSR) of aaa.EG (Exceptional) of Misr Life Insurance Company (MLIC) (Egy...
Date: April 4, 2024
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Best’s Special Report: EMEA Benchmarking Shows Early Signs That Insurance Market Is Stabilising Amid Uncertain Geopolitical Environment
: AM Best’s ratings of (re)insurers in Europe, the Middle East and Africa (EMEA) have begun to stabilise following tough market conditions in 2022.
In a new Best’s Special Report, "EMEA Benchmarking – Early Signs Insurance Ma...
Date: March 19, 2024
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AM Best Places Credit Ratings of Centerline Insurance Company Under Review With Negative Implications
: AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Centerline Insurance Company (Centerline) (headquartered in Kno...
Date: March 15, 2024
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AM Best Rating Services CEO Featured on New Society of Actuaries’ Podcast Episode
: AM Best Rating Services President and CEO Matthew C. Mosher appears as a guest in an episode of SOA Podcasts – Society of Actuaries: Demystifying Regulatory Bodies and Rating Agencies.
The episode is the first in a series o...
Date: March 15, 2024
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AM Best Assigns Issue Credit Ratings to Aflac Incorporated’s New Senior Unsecured Notes
: AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of “a” (Excellent) to Aflac Incorporated’s (Aflac) (Columbus, GA) [NYSE: AFL] newly issued senior unsecured notes (see detailed list below). The outlook assig...
Date: March 14, 2024
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