Bookmark of this page has been deleted.
AM Best Upgrades Credit Ratings of Kemper Corporation, Its Affiliates and Subsidiaries
AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper Corp.) [NYSE: KMPR]
, collectively referred to as Kemper Property & Casualty Group (Kemper P&C). AM Best also has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term ICRs to “a” from “a-” of Kemper Corp.’s life/health subsidiaries, collectively referred to as Kemper Life & Health Group (Kemper L&H) (Chicago, IL). Concurrently, AM Best has upgraded the Long-Term ICR and the Long-Term Issue Credit Ratings (Long-Term IR) to “bbb” from “bbb-” and upgraded the indicative Long-Term IRs of Kemper Corp., the ultimate parent,headquartered in Chicago, IL.
Share:
AM Best has upgraded the Financial Strength Rating (FSR) to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to bb from bb- of the subsidiaries of First Acceptance Corporation
(collectively referred to as First Acceptance) (Delaware) (OTCQX:FACO). (See below for a detailed list of companies). Concurrently, AM Best has upgraded the Long-Term ICR to b- from ccc+ of First Acceptance Corporation. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect First Acceptance s balance sheet strength, which AM Best categorizes as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Revises Issuer Credit Rating Outlook to Stable for Knight Insurance Company Ltd. and Its Affiliates
January 21, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Jan 21, 2021
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” of Knight Insurance Company Ltd. (Knight Insurance) (Cayman Islands), KnightBrook Insurance Company (KnightBrook) (Wilmington, DE) and Knight Specialty Insurance Company (Wilmington, DE). The outlook of the FSR is stable. These companies collectively are referred to as Knight.
AM Best Assigns Issue Credit Rating to Ascot Group Limited’s Senior Unsecured Notes
AM Best Assigns Issue Credit Rating to Ascot Group Limited’s Senior Unsecured Notes
AM Best has assigned a Long-Term Issue Credit Rating of bbb to the USD 400 million, 4.25% fixed rate senior unsecured notes due 2030, issued by Ascot Group Limited (AGL) (Bermuda) on 15 December 2020. The outlook assigned to this Credit Rating (rating) is positive. AGL intends to downstream the proceeds to its U.S. insurance operating subsidiaries “ Ascot Insurance Company and Ascot Specialty Insurance Company. The proceeds will provide additional capital and support the growth of these operations, allowing them to benefit from favourable insurance market conditions.
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Equitable Holdings, Inc. and Its Life Subsidiaries
January 13, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Jan 13, 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 Equitable Financial Life Insurance Company of America (EFLICOA) (Phoenix, AZ) and Equitable Financial Life Insurance Company (EFLIC) (New York, NY). EFLICOA and EFLIC collectively are referred to as Equitable Life Group. The outlook of these Credit Ratings (ratings) is stable.