AM Best Affirms Credit Ratings of Qatar Insurance Company Q.S.P.C. and Its Main Subsidiary Published : Wednesday, December 16, 2020, 9:37 am ACROFAN=Businesswire | webmaster@businesswire.com | SNS
LONDON (BUSINESS WIRE)
AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of Qatar Insurance Company Q.S.P.C. (QIC) (Qatar) and its subsidiary, Qatar Reinsurance Company Limited (Qatar Re) (Bermuda). The outlook of these Credit Ratings (ratings) is negative.
The ratings reflect QIC’s balance sheet strength, which AM Best categorises as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
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AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- for the subsidiaries of Independence Holding Company (collectively referred to as Independence Holding Company Group or the group) (headquartered in Stamford, CT) (NYSE:IHC). (See below for a detailed list of companies.)
Concurrently, AM Best has affirmed the Long-Term ICR of bbb- of Independence Holding Company. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Independence Holding Company Group s balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
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AM Best Revises Outlooks to Stable for Employers Holdings, Inc. and Its Subsidiaries
December 15, 2020 GMT
OLDWICK, N.J. (BUSINESS WIRE) Dec 15, 2020
AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Employers Preferred Insurance Company and its pooled affiliates, collectively referred to as Employers Insurance Group (Employers). (See below for a detailed list of companies.) Concurrently, AM Best has revised the outlooks to stable from positive and affirmed the Long-Term ICR of “bbb-” and the indicative Long-Term Issue Credit Ratings (Long-Term IR) of Employers Holdings, Inc. (EHI) [NYSE:EIG], the publicly traded ultimate parent of Employers. All companies are headquartered in Reno, NV.
AM Best Maintains Under Review With Negative Implications Status for StarStone Insurance Bermuda Limited and StarStone Insurance SE businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.
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AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa for members of The Progressive Corporation (Progressive) (Mayfield Village, OH). Additionally, AM Best has affirmed the Long-Term ICR of a for Progressive, the parent holding company, and all Long-Term Issue Credit Ratings (Long-Term IR) on Progressive s senior and preferred stock issuances. AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of a+ of National Continental Insurance Company (National Continental) (Bohemia, NY). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)