AM Best maintains under review with negative implications status for credit ratings of Al Ittihad Al Watani

LONDON: Rating agency AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Al Ittihad Al Watani (L’Union Nationale) Société Générale D’Assurances du Proche Orient, sal (Al Ittihad) (Lebanon). These Credit Ratings… Continue reading

AM Best assigns credit ratings to Universal Insurance Company, Guernsey

LONDON: AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to Universal Insurance Company, Guernsey. The outlook assigned to these Credit Ratings is stable. The ratings reflect UIC’s balance sheet strength, which AM Best categorises as strong, as well as… Continue reading

Korean Reinsurance ratings affirmed at ‘A’ following domestic issuance of subordinated securities

HONG KONG: S&P Global Ratings has affirmed its ‘A’ financial strength and long-term issuer credit ratings on Korean Reinsurance Co. (Korean Re). The outlook is stable. On Oct. 21, 2019, Korean Re’s existing subordinated capital securities were redeemed upon its exercise of a call option five years from the issue… Continue reading

AM Best revises outlooks to negative for Grange Insurance Group

OLDWICK: 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 Ratings of “a-” of Grange Insurance Association and its fully reinsured subsidiary, Granwest Property & Casualty, collectively referred to as Grange Insurance Group. Both companies… Continue reading

AM Best affirms credit ratings of Bangkok Insurance Public Company Limited

SINGAPORE: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Bangkok Insurance Public Company Limited (BKI) (Thailand). The outlook of these Credit Ratings (ratings) is stable.[the_ad id=”31605″]The ratings reflect BKI’s balance sheet strength, which AM Best categorizes as very strong,… Continue reading