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AM Best is maintaining its negative outlook on Colombia's insurance segment given limited development due to challenging global conditions and political uncertainty. The Best's Market Segment Report, "Market Segment
OLDWICK, N.J., November 07, 2023--AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb+" (Good) of Family Guardian Insurance Company Limited (Family Guardian). Concurrently, AM Best has affirmed the Long-Term ICR of "bb+" (Fair) of FamGuard Corporation Limited (FamGuard). Both companies are domiciled in Nassau, Bahamas. The outlook of these Credit Ratings (ratings) is stable.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Afianzadora G&T S.A. (AG&T) (Guatemala). The outlook of these Credit Ratings
OLDWICK, N.J., November 03, 2023--AM Best’s latest special report on the long-term impairment rates of U.S.-domiciled insurance companies states that no insurers were added to the list of net impairments in 2022, meaning no companies were rated by AM Best at the time of impairment, consistent with last year’s zero net impairments. There were two insurers added to gross impairments in 2022, down from 10 carriers identified in the previous year.
OLDWICK, N.J., November 03, 2023--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to Hadron Specialty Insurance Company (Hadron) (Little Rock, AR). The outlook assigned to these Credit Ratings (ratings) is stable.