July 19, 2012
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Barbados-based CIBC Reinsurance Company Limited (CIBC Re), both with stable outlooks. Best explained that “CIBC Re is a life reinsurance subsidiary …
July 16, 2012
A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” to Pakistan’s Jubilee General Insurance Company Limited, both with stable outlooks. The ratings reflect Jubilee’s “strong risk-adjusted capitalization, …
July 16, 2012
A.M. Best Europe Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb” of SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG, which is based in Germany, both with stable outlooks.. SOVAG’s …
July 11, 2012
Fitch Ratings has affirmed Lloyd’s of London’s Insurer Financial Strength (IFS) rating at ‘A+’, and the Society of Lloyd’s Long-term Issuer Default Rating (IDR) at ‘A’ as well as Lloyd’s Insurance Company (China) Ltd’s IFS rating at ‘A+’. All three …
July 10, 2012
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to newly established, Bermuda-based, S.A.C. Re, Ltd., both with stable outlooks. The ratings for SAC Re are based on its “excellent risk-adjusted …
July 6, 2012
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Kuwait Reinsurance Company K.S.C. (Closed), but has maintained a negative outlook on the ratings. Best said …
July 3, 2012
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Lancashire Insurance Company Limited and UK-based Lancashire Insurance Company (UK) Limited, collectively known as Lancashire. Best also affirmed the …
July 2, 2012
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and downgraded the issuer credit rating to “bbb” from “bbb+” of Conifer Insurance Company. Best also affirmed the FSR of ‘B+’ (Good) and ICR of “bbb-” of …
July 2, 2012
A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘A'(Excellent) from ‘A-‘ (Excellent) and the issuer credit ratings to “a” from “a-” of Germany’s Delvag Luftfahrtversicherungs-AG and its subsidiary, Delvag Rueckversicherungs-AG, both with stable outlooks. …
June 29, 2012
According to Fitch Ratings, “while insurance industry concerns factored into Tuesday’s downgrade of Bermuda,” it does not expect Bermuda (re)insurers to be affected, “as all our ratings of Bermuda (re)insurers remain below the new sovereign rating, which also has a …