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AM Best Affirms Credit Ratings of Hannover Rück SE and Its Main Subsidiaries - Press Release
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AM Best Affirms Credit Ratings of Brighthouse Financial, Inc and Its Subsidiaries
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Outlooks Revised to Negative for Iowa’s United Fire Group, Property/Casualty Subs December 21, 2020
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of the property/casualty (P/C) subsidiaries of United Fire Group Inc. (UFG) [NASDAQ: UFCS] (collectively known as United Fire & Casualty Group), headquartered in Cedar Rapids, Iowa.
Concurrently, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of “bbb” of UFG.
AM Best said the ratings reflect United Fire & Casualty Group’s balance sheet strength, which is categorized as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Securian Financial Group, Inc. and Its Subsidiaries
December 18, 2020 GMT
OLDWICK, N.J. (BUSINESS WIRE) Dec 18, 2020
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company, together referred to as Securian Financial Insurance Group (Securian). AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” of Securian Casualty Company (Securian Casualty), and the FSR of A (Excellent) and the Long-Term ICR of “a” of Canadian Premier Life Insurance Company (Canadian Premier) (Toronto, ON).
Generali Deutschland Versicherung AG
Generali Deutschland Lebensversicherung AG
The following Long-Term IRs have been affirmed with a stable outlook:
Assicurazioni Generali S.p.A.
“a” on EUR 1,750 million 5.125% senior unsecured notes, due 2024
“a-” on EUR 1,250 million 5.5% fixed/floating rate senior dated subordinated notes, due 2047 (callable in 2027)
“a-” on EUR 850 million 5% fixed/floating rate senior dated subordinated notes, due 2048 (callable in 2028)
“a-” on EUR 1,000 million 4.125% fixed rate senior dated subordinated notes, due 2026
“a-” on EUR 1,250 million 7.75% fixed/floating rate senior subordinated notes, due 2042 (callable in 2022) (of which EUR 467 million remains outstanding)
“a-” on EUR 750 million 10.125% fixed/floating rate senior subordinated notes, due 2042 (callable in 2022) (of which EUR 302 million remains outstanding)
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