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Insurance
Rating agency AM Best has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) for US insurance company Providence Mutual. 5 February 2016
News
Rating agency AM Best has claimed that the global reinsurers can expect some tough times ahead, as they face a wide range of negative factors. 14 September 2015
Insurance
Ratings agency AM Best said on September 1 that it has upgraded the Financial Strength Ratings (FSR) to A+ (Superior) from A (Excellent) of SCOR and its main operating subsidiaries citing its operating strength as a driver for the move. 1 September 2017
Insurance
Rating firm AM Best has appointed Christopher Hopton and Laura Santori as independent non-executive directors (NEDs) to the Board of its Europe Middle East and Africa (EMEA) region subsidiary, AM Best Europe Rating Services (AMBERS). 13 January 2016
Insurance
Ratings agency AM Best said on Aug. 24 that it revised the outlook to negative from positive for the Long-Term Issuer Credit Rating (Long-Term ICR) of Emirates Retakaful (ERL) following a $36 million write-off from gross written contributions for 2016. 24 August 2017
Insurance
The political uncertainty created by events following Catalonia’s independence referendum has created volatility in Spanish insurers’ investment portfolios and raised concerns about future access to business, according to AM Best. 16 October 2017
Alternative Risk Transfer
The rating of at least one insurance-linked security (ILS) may be affected by changes to default tables included within a new methodology and central repository that rating agency AM Best has launched that relates to the ILS sector. 17 August 2016
Insurance
The volatility triggered in the financial markets since the revelation that the UK will leave the EU could have a material impact on insurers’ half-year results and balance sheets, rating agency AM Best has claimed. 24 June 2016
Insurance
New regulations in a number of markets in the Gulf Cooperation Council (GCC) enhancing minimum capital and solvency requirements as well as incorporating actuarial based pricing and reserving have impacted profitability of many insurance companies, said AM Best. 28 September 2016
Insurance
The shift in the personal injury rate is a clear negative for the short-term earnings and capitalisation of UK insurers, particularly those with large motor portfolios, AM Best said in a statement. 1 March 2017
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