AM Best, a global credit rating agency, has upgraded the outlook for First Net Insurance Company (First Net), based in Guam, from stable to positive. This revision accompanies the reaffirmation of First Net’s Financial Strength Rating (FSR) at B++ (Good)…
AM Best Maintains Negative Outlook on Colombia’s Insurance Industry: Economic and Political Challenges and the Need for Adaptation The insurance industry in Colombia is at a crucial moment, where global economic challenges, internal political uncertainty and market pressures have created…
HSBC Continental Europe has signed a memorandum of understanding for the potential sale of its French life insurance business, HSBC Assurances Vie (France), to Matmut Société d’Assurance Mutuelle (“Matmut”). HSBC Assurances Vie (France) manages over €20 billion in assets and…
Bolttech Secures Over $100 Million in Series C Funding Led by Dragon Fund to Fuel Global Expansion Bolttech, the rapidly growing global insurtech, today announced that Dragon Fund, backed by Liquidity and MUFG, is leading its Series C funding round,…
AM Best Assigns Credit Ratings to Fenchurch General Insurance Company AM Best has assigned Fenchurch General Insurance Company (Fenchurch), based in Toronto, Canada, a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-“ (Excellent).…
AM Best has revised the outlooks for Blue Cross Blue Shield of Michigan Mutual Insurance Company (BCBS MI) and its subsidiary, Blue Care Network of Michigan, to negative from stable. Despite the outlook revision, AM Best has affirmed the Financial…
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) for the Arab War Risks Insurance Syndicate (AWRIS), based in Bahrain. The outlook for both ratings remains stable. Key Drivers…
AM Best has upgraded the Financial Strength Rating of AzRe Reinsurance, OJSC (AzRe) from B+ (Good) to B++ (Good) and the Long-Term Issuer Credit Rating from “bbb-” (Good) to “bbb” (Good). The outlook for both ratings remains stable. Key Factors…
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) of Zurich Insurance Group Ltd (Zurich) and its main rated subsidiaries. The Long-Term ICR for Zurich, the non-operating holding company, was raised to “a+” (Excellent) from “a” (Excellent). Similarly,…
AM Best has revised the outlooks for the members of Berkshire Hathaway GUARD Insurance Companies (GUARD) to negative from stable. This includes WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company, and AZGUARD Insurance Company, all domiciled…
Hexure and Luma have worked together for over four years, initially focusing on annuity solutions. By expanding the collaboration to include life insurance, the two companies aim to provide a seamless experience for financial professionals and their clients. “We are…
AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good) to Continental General Insurance Company (CGIC), based in Austin, Texas. The outlook for these ratings is stable. Key Factors Behind…
