Page 73 - Proper Use News Today

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

AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb+” to Black Gold Re Limited. The outlook assigned to these Credit Ratings is stable. BGRe is a captive reinsurer of Ecopetrol S.A., a Colombian oil and gas company 88.49% owned by the Colombian government.

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of SafePort Insurance Company. Beginning in 2019, SafePort experienced a significant increase in direct premium written attributed to a new homeowners program written in South Carolina and Texas through...

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B, the Long-Term Issuer Credit Rating of“ bb” and the Mexico National Scale Rating of“ a.MX” of Armour Secure Insurance S.A. de C.V.. Armour’ s business profile is limited due to its concentration in the niche market of title insurance in Mexico, coupled with...

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.

AM Best also has affirmed the FSR of A+ and the Long-Term ICR of“ aa-” of First Berkshire Hathaway Life Insurance Company. The ratings of First Berkshire Hathaway Life Insurance Company reflect its balance sheet strength, which AM Best assesses as strongest, as well as its marginal operating performance, limited business profile and appropriate ERM.

AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the Mexico National Scale Rating of“ aaa.MX” of Sofimex, Institucion de Garantias S.A.. Sofimex is a Mexico- domiciled surety and bond company that was established in 1940. As of December 2020, Sofimex’ s business portfolio was composed of administrative sureties,...

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation, collectively referred to as Kemper Property& Casualty Group. Concurrently, AM Best has revised the outlooks to...

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 Rating of "a-" (Excellent) of Sveriges Ångfartygs