AM Best Revises Outlooks to Positive for Convex Group Limited s Subsidiaries
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 Limited (Convex UK) (United Kingdom) and Convex Re Limited (Convex Re) (Bermuda). Both entities are wholly owned subsidiaries of Convex Group Limited (Convex) (Bermuda), the non-operating holding company of the group.
The ratings reflect Convex s consolidated balance sheet strength, which AM Best assesses 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 the Convex group. Convex UK is the group s U.K.-based specialty (re)insurer. Convex Re is the group s Bermuda-based reinsurer; in addition to writing third-party reinsurance, it provides intra-group reinsu
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AM Best Upgrades Credit Ratings for Members of Union Mutual of Vermont Companies
April 22, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Apr 22, 2021
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” from “a-” of Union Mutual Fire Insurance Company (Union Mutual Fire), the lead property/casualty company and its wholly owned subsidiary, New England Guaranty Insurance Company, Inc. (New England Guaranty), as well as its mutual affiliate, Community Mutual Insurance Company (Community Mutual), which are collectively referred to as Union Mutual of Vermont Companies (Union Mutual). Union Mutual Fire and New England Guaranty are domiciled in Montpelier, VT, while Community Mutual is domiciled in Latham, NY. The outlook of these Credit Ratings (ratings) was revised to stable from positive.
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Ameritas Life Insurance Corp. and Its Subsidiary
April 16, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Apr 16, 2021
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of Ameritas Life Insurance Corp. (Lincoln, NE) and Ameritas Life Insurance Corp. of New York (New York, NY). These insurance entities comprise the life/health operations of Ameritas Mutual Holding Company (all companies are collectively referred to as Ameritas). Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “a-” on the group’s surplus notes (see below for details of the Long-Term IR). The outlook of these Credit Ratings (ratings) is stable.
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Members of Nodak Insurance Group and NI Holdings, Inc.
April 14, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Apr 14, 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 members of Nodak Insurance Group (Nodak). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” of NI Holdings, Inc. (Fargo, ND) [NASDAQ: NODK], a publicly traded holding company. The outlook of these Credit Ratings (ratings) is stable. (See below for a full listing of companies and ratings.)
AM Best Affirms Credit Ratings of General Reinsurance Corporation and Its Subsidiaries; Withdraws Credit Ratings of IdeaLife Insurance Company apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.