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BIHL absorbs COVID-19 shocks | The Patriot On Sunday
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BIHL absorbs COVID-19 shocks | The Patriot On Sunday
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AM Best Assigns Credit Ratings to International General Insurance Company (Europe) SE
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AM Best : Revises Outlooks to Stable and Affirms Credit Ratings of Aspen Insurance Holdings Limited and Its Rated Subsidiaries
04/30/2021 | 12:41pm EDT
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AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Aspen Insurance UK Limited (AIUK) (United Kingdom), Aspen Bermuda Limited (ABL) (Bermuda), Aspen American Insurance Company (AAIC) (Austin, TX) and Aspen Specialty Insurance Company (ASIC) (Bismarck, ND). Concurrently, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of “bbb” of Aspen Insurance Holdings Limited (Aspen) (Bermuda), the non-operating holding company of the Aspen group of companies. AM Best has also revised the outlook to stable from negative and affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the debt instruments and preference
A majority shareholder in AIICO Insurance Plc, DF Holdings Limited, has acquired additional shares of the underwriting firm.
The transaction occurred on Thursday, December 31, 2020, a notice from the company and pasted on the Nigerian Stock Exchange (NSE) revealed.
It was disclosed that DF Holdings bought a total of 474,603,596 units of the company’s stocks at N1.17 each, amounting to N555.3 million.
DF Holdings is owned by Mr Dele Fajemirokun, a Nigerian businessman, entrepreneur, investor, venture capitalist and philanthropist.
The graduate of Business Economics from the prestigious University of Ife (now Obafemi Awolowo University) in Ile-Ife, has more than four decades of extensive business building and wealth creation experience, both within and outside Nigeria; having built a business empire that is unique in comparison to conventional businesses.