Insurance News

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Jet Insurance Company (Jet) (Dallas, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Jet’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings further reflect...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has released newly updated tables of net capital charges associated with a representative sample of transactions from Fannie Mae and Freddie Mac’s credit risk transfer (CRT) programs—Freddie Mac’s Agency Credit Insurance Structure (ACIS) and Fannie Mae’s Credit Insurance Risk Transfer (CIRT). These tables also highlight some of the key components of the factor-based method used to calculate net capital charges in the Best’s Capital Adequacy Ratio (BCAR) m...

NEW YORK--(BUSINESS WIRE)--KBRA publishes issuer ratings of BBB and senior secured debt ratings of A- for Hildene Holding Company, LLC and Hildene Capital Management, LLC (“Hildene”, “HCM”, or “the firm”). The Outlook for the ratings is Stable. On June 9, 2026, these ratings were assigned on an unpublished basis. The ratings are supported by Hildene’s growing scale and platform diversification across multiple segments of structured credit, asset-based finance, and insurance, underpinned by mana...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of At-Bay Specialty Insurance Company (ABSIC) (Atlanta, GA) following the announced acquisition of its parent company, At-Bay, Inc. by Munich Re America Corporation.The Credit Ratings (ratings) have been placed under review with positive implications following the announcement that Munich Re America C...

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” (Fair) of Jubilee General Insurance Company Limited (Jubilee) (Pakistan). The outlook of FSR is stable while the outlook of the Long-Term ICR is positive.These Credit Ratings (ratings) reflect Jubilee’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and marginal...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of OneNexus Oklahoma Captive Corp. (OneNexus) (Oklahoma City, OK). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect OneNexus’ balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).One...

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Lloyd’s Syndicate 2623, Lloyd’s Syndicate 623, Lloyd’s Syndicate 3623 and Lloyd’s Syndicate 3622 (Syndicates) (United Kingdom), which are managed by Beazley Furlonge Limited (Beazley). The outlook of these Credit Ratings (ratings) is stable.The Lloyd’s market rating is the floor for all syndicate ratings, reflecting Lloyd’s chain of security...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the main subsidiaries of The Travelers Companies, Inc. (TRV) (headquartered in New York, NY) [NYSE: TRV], collectively known as Travelers Group (Travelers). In addition, AM Best has affirmed the FSR of A++ (Superior) and the Long-Term ICRs of “aa+” (Superior) of Travelers Casualty and Surety Company of America (T...

INDIANAPOLIS--(BUSINESS WIRE)--Anthem Blue Cross and Blue Shield in Indiana and the Anthem Blue Cross and Blue Shield Foundation are committing $116,500 to support relief and recovery efforts following severe storms and considerable flooding that impacted communities across Central, East Central and Northwest Indiana. The funding will support six organizations responding to immediate and longer-term needs across the state: $50,000 to the American Red Cross to support statewide disaster response...

LONDON--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating (FSR) to B- (Fair) from C++ (Marginal) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb-” (Fair) from “b” (Marginal) of Millî Reasürans Türk Anonim Şirketi (Milli Re) (Türkiye). The outlook of the FSR has been revised to positive from stable while the outlook of the Long-Term ICR is positive.These Credit Ratings (ratings) reflect Milli Re’s balance sheet strength, which AM Best assesses as adequate, as well...