Fitch Downgrades Co-operative Insurance coverage’s Nationwide IFS to ‘BBB(lka)’; Maintains Watch Destructive

Fitch Ratings has been downgraded Co-operative Insurance Company PLC’s (CICPL) National Insurer Financial Strength (IFS) Rating to ‘BBB(lka)’ from ‘A-(lka)’ and maintained the Rating Watch Negative (RWN) following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan national rating scale . The recalibration is to reflect changes in the relative creditworthiness among Sri … Read more

Fitch Downgrades Co-operative Insurance coverage’s Nationwide IFS to ‘BBB(lka)’; Maintains Watch Damaging

Fitch Ratings has been downgraded Co-operative Insurance Company PLC’s (CICPL) National Insurer Financial Strength (IFS) Rating to ‘BBB(lka)’ from ‘A-(lka)’ and maintained the Rating Watch Negative (RWN) following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan national rating scale . The recalibration is to reflect changes in the relative creditworthiness among Sri … Read more

Fitch Downgrades Seven Sri Lankan Insurers’ Nationwide IFS Scores; Maintains Watch Destructive

Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale. The seven insurers’ ratings have been maintained on Rating Watch Negative (RWN). The recalibration is to reflect changes in the relative creditworthiness among Sri … Read more

AM Greatest Affirms Credit score Scores of Bao Minh Insurance coverage Company

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of ‘bbb’ (Good) of Bao Minh Insurance Corporation (BMI) (vietnam). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect BMI’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating … Read more

AM Greatest Revises Issuer Credit score Score Outlook to Optimistic for American Worldwide Group, Inc. and Its Property/Casualty Subsidiaries

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of American International Group, Inc.’s (AIG) property/casualty (P/C) insurance subsidiaries (collectively referred to as AIG PC). The outlook of the … Read more

AM Greatest Revises Issuer Credit score Score Outlook to Constructive for American Worldwide Group, Inc. and Its Property/Casualty Subsidiaries

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of American International Group, Inc.’s (AIG) property/casualty (P/C) insurance subsidiaries (collectively referred to as AIG PC). The outlook of the … Read more

Fitch Assigns ‘A+’ IFS Score to Arch Mortgage Insurance coverage; Outlook secure

Fitch Ratings has assigned an ‘A+’ (Strong) rating to Insurer Financial Strength (IFS). Arch Capital Group Ltd.’s (ACGL) US Mortgage insurance operating subsidiaries: Arch Mortgage Insurance Company (AMIC), United Guaranty Residential Insurance Company (UGRIC) and Arch Mortgage Guarantee Company (AMGC), collectively Arch MI. The Rating Outlook is stable. Arch MI’s ratings reflect the company’s favorable … Read more

Fitch Affirms QBE Insurance coverage Group at ‘A-‘; Affirms Core Subsidiaries’ IFS Scores at ‘A+’/ Steady

Fitch Ratings has been affirmed Australia-based QBE Insurance Group Limited’s Long-Term Issuer Default Rating (IDR) at ‘A-‘ and the Insurer Financial Strength (IFS) Ratings of its core subsidiaries at ‘A+’ (Strong). The outlook on the ratings is stable. A full list of rating actions is at the end of this commentary. The affirmation reflects QBE‘s … Read more

AM Finest Affirms Credit score Rankings of Dah Sing Insurance coverage Firm (1976) Restricted

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of ‘a-‘ (Excellent) of Dah Sing Insurance Company (1976) Limited (DSI) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect DSI’s balance sheet strength, which AM Best assesses as very strong, as well … Read more

Fitch Revises Outlook on ABCI Insurance coverage to Destructive; Affirms IFS Score at ‘A-‘

Fitch Ratings has revised the Outlook on Hong Kong-based ABCI Insurance Company Limited’s Insurer Financial Strength (IFS) Rating to Negative from Stable. Fitch has an affirmed ABCI’s IFS Rating at ‘A-‘ (Strong). Key Rating Drivers Outlook Revision: The Negative Outlook reflects the increasing volatility in ABCI’s underwriting performance. The company’s combined ratio averaged 123% in … Read more