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AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of aa of Factory Mutual Insurance Company (Johnston, RI) and its subsidiaries, which are collectively referred to as FM Global Group (FM Global). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies.)
The ratings reflect FM Global s balance sheet strength, which AM Best categorizes as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management (ERM).
FM Global s risk-adjusted capitalization, as measured by Best s Capital Adequacy Ratio (BCAR), is considered to be at the strongest level and has been time-tested. The group is a leading global property insurer with a balance sheet that has demonstrated an ability to withstand catastrophes (CATs) year-over-year as evidenced in 2017 and 2018. Substantial reinsurance capacity plays an i
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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 Hannover Rück SE (Hannover Re) (Germany) and its main subsidiaries (see detailed list of companies below). At the same time, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of the debt instruments issued by Hannover Re and by Hannover Finance (Luxembourg) S.A. (Luxembourg) and guaranteed by Hannover Re. The outlook of these Credit Ratings (ratings) is stable.
These ratings reflect Hannover Re’s balance sheet strength, which AM Best categorises as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management (ERM).
AM Best Removes From Under Review with Developing Implications and Affirms Credit Ratings of StarStone Specialty Insurance Company and StarStone National Insurance Company businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.
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CINCINNATI, Dec. 23, 2020 /PRNewswire/ Core Specialty Insurance Holdings, Inc. ( Core Specialty or the Company ) announced today that AM Best has removed from under review with developing implications and affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- of StarStone Specialty Insurance Company and StarStone National Insurance Company. The outlook assigned to these Credit Ratings is stable.
Jeff Consolino, President and Chief Executive Officer of Core Specialty commented Core Specialty completed the recapitalization of StarStone U.S. Holdings, Inc. on November 30, 2020, bringing pro forma Shareholders Equity to over $900 million. We are pleased that AM Best has removed its under review status and affirmed the ratings of our two insurance operating subsidiaries.
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Hannover Rück SE and Its Main Subsidiaries
December 23, 2020 GMT
AMSTERDAM (BUSINESS WIRE) Dec 23, 2020
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 Hannover Rück SE (Hannover Re) (Germany) and its main subsidiaries (see detailed list of companies below). At the same time, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of the debt instruments issued by Hannover Re and by Hannover Finance (Luxembourg) S.A. (Luxembourg) and guaranteed by Hannover Re. The outlook of these Credit Ratings (ratings) is stable.