AM Best upgrades National Life credit ratings | Vermont Business Magazine vermontbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vermontbiz.com Daily Mail and Mail on Sunday newspapers.
Outlooks Revised to Positive for Workers’ Comp Insurer Stonetrust May 20, 2021
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Stonetrust Commercial Insurance Co. and its reinsured subsidiary, Stonetrust Premier Casualty Insurance Co., both domiciled in Omaha, Nebraska.
The companies, collectively known as Stonetrust Insurance Group, write monoline workers’ compensation coverage primarily in Louisiana, Oklahoma and Arkansas. Stonetrust Commercial Insurance Co. is headquartered in Baton Rouge, Louisiana. The companies also write business in Mississippi, Missouri, Nebraska, Tennessee and Texas.
The ratings reflect the group’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
AM Best Places Credit Ratings of Independence Holding Company and Its Subsidiaries Under Review With Developing Implications streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Everest Re Group, Ltd. and Its Subsidiaries
May 7, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) May 7, 2021
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the operating subsidiaries of Everest Re Group, Ltd. (Bermuda) (collectively referred to as Everest). Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” of Everest Re Group, Ltd. [NYSE: RE] and Everest Reinsurance Holdings, Inc. (Delaware). Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of Everest Reinsurance Holdings, Inc. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Downgrades Credit Ratings of James River Group Holdings, Ltd. and Subsidiaries
May 7, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) May 7, 2021
AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” from “a” of the rated operating subsidiaries of James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR]. In addition, AM Best has downgraded the Long-Term ICR to “bbb-” from “bbb” of JRG Holdings. The outlook of these Credit Ratings (ratings) is negative. JRG Holdings is domiciled in Pembroke, Bermuda, while its subsidiaries are based in Pembroke, Richmond, VA, and Raleigh, NC. (See below for a detailed listing of the subsidiaries.)