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AM Best has suspended all commercial activities to clients in Russia and has withdrawn all Credit Ratings on Russia-based (re)insurance companies, subject to sanctions imposed by the European Union

AM Best has maintained the under review with developing implications status for the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of American National Insurance Company and its life/health subsidiaries, American National Life Insurance Company of Texas, American National Life Insurance Company of New York and Standard Life...

AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Ratings to“ bbb+” from“ a-” of Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida Farm Bureau General Insurance Company, collectively referred to as Florida Farm Bureau Group. Both companies are domiciled in Gainesville, FL..

Concurrently, AM Best has withdrawn these Credit Ratings for commercial reasons that include, but are not limited to, the sanctions recently imposed by the European Union that will ban the provision of ratings to legal persons, entities or bodies established in Russia. The maintaining of the under review with negative implications status takes into...

AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to "bb+" (Fair) from "bbb-" (Good) of GIC Perestrakhovanie LLC (Russia). At the

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of "bb-" (Fair) of Russian Reinsurance

AM Best has downgraded the Long-Term Issuer Credit Rating to "bb" (Fair) from "bb+" (Fair) and affirmed the Financial Strength Rating of B (Fair) of Ingosstrakh Insurance Company PJSC (Ingosstrakh)

Press release content from Business Wire. The AP news staff was not involved in its creation.

Press release content from Business Wire. The AP news staff was not involved in its creation.

ASSA is a subsidiary of ASSA Compañía Tenedora, S.A. and is owned ultimately by Grupo ASSA, S.A., a financial service holding company publicly traded on the Panama Stock Exchange. Additionally, the company has been able to maintain adequate financial leverage by repaying ahead of schedule most of the financing used in the 2018 transaction when ASSA acquired...