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Best’s News & Research Service provides unlimited access to the latest and archived original research and downloadable data files through special reports, market segment reports, commentaries, and rankings. Subscribers also receive real-time industry news, live access to Best’s Credit Rating Actions, and the ability to monitor credit rating changes for selected companies via alerts in BestLink. |
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March 29, 2024 | ||||
From Best's Review: International Insurers Seize Opportunities To Expand in IndiaThe government increased the cap on foreign direct investment in an insurance company from 49% to 74%. Several international insurance groups, as a result, have grabbed the chance to increase their exposure to India’s insurance market, according to an AM Best report. | ||||
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People in Insurance | ||||
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Ratings | ||||
AM Best Affirms Credit Ratings of Nan Shan General Insurance Co., Ltd.AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Nan Shan General Insurance Co., Ltd. (Nan Shan General) (Taiwan). The outlook of these Credit Ratings (ratings) is stable. | ||||
AM Best Affirms Credit Ratings of National Indemnity Company and Its AffiliatesAM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of National Indemnity Company (Omaha, NE) and its affiliates (collectively referred to as National Indemnity). These companies are subsidiaries of Berkshire Hathaway Inc. (Berkshire) [NYSE: BRK A and BRK B]. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.) | ||||
AM Best Affirms Credit Ratings of NiSource Insurance Corporation, Inc.AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of NiSource Insurance Corporation, Inc. (NICI) (Salt Lake City, UT). The outlook of these Credit Ratings (ratings) is stable. | ||||
AM Best Assigns Credit Ratings to Emerald Bay Specialty Insurance CompanyAM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Emerald Bay Specialty Insurance Company (EBSIC) (Tucson, AZ). The outlook assigned to these Credit Ratings (ratings) is stable. | ||||
AM Best Downgrades Credit Ratings of Members of GPM Life GroupAM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” (Good) from “a-” (Excellent) of GPM Health and Life Insurance Company and Government Personnel Mutual Life Insurance Company. These companies are headquartered in San Antonio, TX, and collectively are known as GPM Life Group. The outlook of these Credit Ratings (ratings) has been revised to stable from negative. | ||||
AM Best Revises Issuer Credit Rating Outlook to Positive and Assigns National Scale Rating to Hanoi Reinsurance Joint Stock CorporationAM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) – formerly known as PVI Reinsurance Joint Stock Corporation (PVI Re) (Vietnam). The outlook of the FSR is stable. Additionally, AM Best has assigned a Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) to Hanoi Re with a stable outlook. | ||||
Announcements | ||||
Best's Review’s Most Popular Stories: AI’s Predictive Powers and MoreIn the last 90 days, Best’s Review readers have been most interested in the following stories: |
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