A.M. Best Europe – Rating Services Limited has commented on the recent announcement from Germany’s Allianz SE that it is entering into a long-term partnership with Turkey’s Yapi Kredi and is acquiring Yapi Kredi Sigorta. Allianz SE currently has a …
A.M. Best Asia-Pacific Limited has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating to “a” from “a-” of Hong Kong’s Sun Hung Kai Properties Insurance Limited (SHKPI), both with stable outlooks. Best said …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based Arden Reinsurance Company Ltd. and has also affirmed the ICR of “bbb-” of the parent company, Arden Holdings, Ltd., …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and issuer credit rating (ICR) of “bbb-” of American General Property Insurance Company (AGPIC), based in Nashville, Tenn., both with stable outlooks. Best concurrently withdrew the ratings …
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Transatlantic Reinsurance Company (TransRe), Fair American Insurance and Reinsurance Company (both domiciled in New York, …
A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of the Kazakhstan-based Eurasia Insurance Company JSC, both with stable outlooks. Best said Eurasia’s ratings “reflect its strong …
A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of General Insurance Corporation of India (GIC Re), both with stable outlooks. The ratings reflect GIC Re’s “strong risk-adjusted capitalization and …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit ratings (ICR) to “a-” from “a” of Auto Club Insurance Association (ACIA), headquartered in Dearborn, Michigan, and its insurance subsidiaries. …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the insurance operating subsidiaries of Bermuda-based American Safety Insurance Holdings, Ltd. (ASI), …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and the ICRs of “a” of the members of …
