AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Universal North America Insurance Company (UNAIC) (Arlington, TX). The Credit Ratings (ratings)…
AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good) to PPS Mutual Limited (PPS Mutual) (New Zealand). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect…
AM Best has assigned a Financial Strength Rating of B++ (Good), a Long-Term Issuer Credit Rating of “bbb” (Good) and a Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to Military Insurance Corporation (MIC) (Vietnam). The outlook assigned to these Credit…
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of DB Insurance Co., Ltd. (DBI) (South Korea). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect DBI’s…
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Quanta Insurance Company, Inc. (QIC) (Houston, TX). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect QIC’s…
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Scotia Insurance (Barbados) Limited (SIB) (Barbados). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect SIB’s balance…
AM Best will exhibit at the Managing General Agents’ Association’s (MGAA) annual conference, which will take place 3 July 2025 at Old Billingsgate in London. During the full-day event, AM Best representatives will be available to discuss its Performance Assessments for…
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Kuwait Insurance Company S.A.K.P. (KIC) (Kuwait). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect KIC’s balance…
Northern Trust (Nasdaq: NTRS) announced today that it was selected to provide asset servicing and asset management solutions to the newly–launched reinsurance firm, Mereo Insurance Limited. Northern Trust offers a complete solution with asset servicing and asset management capabilities to…
SmartStream, the financial Transaction Lifecycle Management (TLM®) and solutions provider, has announced the expansion of its AI-driven reconciliation and data management platform, SmartStream Air, into the insurance sector. This move aims to help insurers tackle fragmented data challenges, reduce operational…
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Union Insurance Company Limited (Union) (Taiwan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Union’s balance…
FGIC Terminates Transaction Support Agreement, Reaffirms Commitment to Responsible Run-Off Strategy Financial Guaranty Insurance Company (FGIC), a New York-based insurer known for its legacy portfolio of municipal and structured finance guarantees, has announced the formal termination of the Transaction Support…
