Stay updated with breaking news from Rating Services. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SINGAPORE, March 13, 2024--A change in Vietnam law pertaining to the distribution and purchase of insurance products through the bancassurance channel is expected to constrain sales growth over the near term, more so for life side products than the non-life side of the business, according to a new AM Best report.
LONDON, February 22, 2024--The potential withdrawal of Niger, Mali and Burkina Faso from the Economic Community of West African States is the latest sign of political turmoil in the region but should have relatively little impact on those countries’ insurance markets for now, according to AM Best analysts studying the region’s trends.
SINGAPORE, February 22, 2024--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Energas Insurance (L) Limited (Energas) (Malaysia). The outlook of these Credit Ratings (ratings) is negative.
OLDWICK, N.J., February 22, 2024--AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to "bbb" (Good) from "bbb-" (Good) of Aspire General Insurance Company (Aspire General) (Rancho Cucamonga, CA). The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
OLDWICK, N.J., February 22, 2024--AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term ICR of "bbb+" (Good) of PEMCO Mutual Insurance Company (PEMCO) (Seattle, WA). The outlook of the FSR is stable.