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AM Best Revises Outlooks to Positive for Convex Group’s Subsidiaries April 23, 2021
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Convex Insurance UK Ltd. and Convex Re Ltd. Both entities are wholly owned subsidiaries of Convex Group Ltd., the Bermuda non-operating holding company of the group.
The ratings reflect Convex’s consolidated balance sheet strength, which AM Best assessed as very strong, as well as the group’s adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings factor in the strategic importance of Convex UK and Convex Re to Convex Group.
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AM Best Affirms Credit Ratings of Atlantic American Corporation and Its Subsidiaries
April 22, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Apr 22, 2021
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of American Southern Insurance Company (Topeka, KS) and its wholly owned and 100% reinsured subsidiary, American Safety Insurance Company (collectively referred to as American Southern Group). Additionally, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of Bankers Fidelity Life Insurance Company and its wholly owned and 100% reinsured subsidiary, Bankers Fidelity Assurance Company (collectively referred to as Bankers Fidelity Life Insurance Group [BFLIG]). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” of the parent company, Atlantic American Corpora