AM Best Removes From Under Review With Negative Implications, Downgrades Credit Ratings of SILAC Insurance Company
: AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating (FSR) to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “bbb-”...
Date: September 20, 2024
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AM Best Affirms Credit Ratings of Massachusetts Mutual Life Insurance Company and Its Subsidiaries
: AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of Massachusetts Mutual Life Insurance Company (MassMutual) (domiciled in ...
Date: September 20, 2024
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AM Best Affirms Credit Ratings of Wilton Re Ltd. and Its Subsidiaries
: AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the key life/health insurance and annuity operating subsidiaries of Wilt...
Date: September 20, 2024
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AM Best Affirms Credit Ratings of Ascot Group Limited’s Core Operating Subsidiaries
: AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Ascot Bermuda Limited (Ascot Bermuda) (Bermuda), as well as certain mem...
Date: September 20, 2024
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AM Best Affirms Credit Ratings of StarStone Insurance Bermuda Limited and Its Subsidiary
: AM Best has affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of StarStone Insurance Bermuda Limited (SIBL) (Bermuda) and StarStone Insurance SE (SISE) (Liec...
Date: September 20, 2024
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AM Best Upgrades Credit Ratings of Operating Subsidiaries of MGIC Investment Corporation
: AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of the operating subsidiaries of MGIC Investment Corporat...
Date: September 20, 2024
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Playback Now Available for AM Best’s Webinar on Trends in Oil and Gas Pipeline, Wellsite and Energy Production Injury Litigation
: Video playback is now available for AM Best’s complimentary webinar, titled, “Trends in Oil and Gas Pipeline, Wellsite and Energy Production Injury Litigation.” Access it here.
In this panel discussion, insurance professiona...
Date: September 20, 2024
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AM Best Affirms Credit Ratings for Members of Ally Insurance Group
: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) for the members of Ally Insurance Group (Ally Insurance). The members include Motors Insurance Cor...
Date: September 20, 2024
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Best’s Special Report: First-Half 2024 Net Income in U.S. Life/Annuity Insurance IndustryIncreases by 7%
: Net income for the U.S. life/annuity (L/A) insurance industry increased by 7.1% in the first half of 2024 over the same prior-year period to $14.1 billion, driven largely by lower realized capital losses, according to a new A...
Date: September 20, 2024
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AM Best Affirms Credit Ratings of Operating Subsidiaries of Essent Group Ltd.
: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of the operating subsidiaries of Essent Group Ltd., which are Essent Guaranty, Inc., Essent Guaran...
Date: September 19, 2024
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Playback Now Available for AM Best’s Webinar on Today’s Surplus Lines Market
: Video playback is now available for AM Best’s complimentary webinar, titled, “Inside Today’s Surplus Lines Market,” sponsored by the WSIA Education Foundation. Access it here.
In this session, a panel of industry leaders in ...
Date: September 19, 2024
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AM Best Affirms Credit Ratings of Quálitas Compañía de Seguros S.A. de C.V.
: AM Best has affirmed the Financial Strength Rating of B+ (Good), the Long-Term Issuer Credit Rating of “bbb-” (Good) and the Mexico National Scale Rating of “aa-.MX” (Superior) of Quálitas Compañía de Seguros S.A. de C.V. (Qu...
Date: September 19, 2024
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AM Best Affirms Credit Ratings of Sura Re Ltd.
: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Sura Re Ltd. (Sura Re) (Bermuda). The outlook of these Credit Ratings (ratings) is stable.
The ratin...
Date: September 19, 2024
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AM Best Upgrades Credit Ratings of Compañía Reaseguradora del Ecuador S.A.
: AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of Compañía Reaseguradora del Ecuador S.A. (Ecua Re) (Ecuador)...
Date: September 19, 2024
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AM Best Assigns Credit Ratings to Triple Crown Assurance Co.
: AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Triple Crown Assurance Co. (TCA) (Dallas, TX). The outlook assigned to these Credit Ratings (ratin...
Date: September 19, 2024
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AM Best Affirms Credit Ratings of Dorinco Reinsurance Company
: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Dorinco Reinsurance Company (Dorinco) (Midland, MI), which is the captive reinsurance company of...
Date: September 19, 2024
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AM Best Upgrades Issuer Credit Rating of BTG Pactual Resseguradora S.A.; Revises Issuer Credit Rating Outlook to Stable
: AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and revised the Long-Term ICR to stable from positive and affirmed the Financial Strength Rating (FSR) of B++ (Good) o...
Date: September 19, 2024
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AM Best Assigns Credit Ratings to BTG Pactual Seguros S.A.
: AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to BTG Pactual Seguros S.A. (BTG Seguros) (Brazil). The outlook assigned to these Credit Ratings (ratings) i...
Date: September 19, 2024
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Best’s Market Segment Report: US Property/Casualty Mutual Insurers Resilient Despite Perpetual Volatility
: U.S. property/casualty (P/C) mutual insurance companies have been able to lean on investment income to help offset the weather-related challenges that have driven underwriting volatility, according to a new AM Best report.
...
Date: September 19, 2024
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AM Best Comments on Credit Ratings of Sentry Insurance Company and its Subsidiaries Following Announced Acquisition of The General From American Family Insurance Group
: AM Best has commented that the Credit Ratings (ratings) of Sentry Insurance Company and its wholly owned subsidiaries, collectively known as Sentry, are unchanged following the Sept. 12, 2024, announcement that it will acquir...
Date: September 18, 2024
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