Newsroom | 41651 results

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 Dorinco Reinsurance Company (Dorinco) (Midland, MI), which is the captive reinsurance company of The Dow Chemical Company (Dow). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Dorinco’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral busi...

OLDWICK, N.J.--(BUSINESS WIRE)--AM 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 National Unity Insurance Company (National Unity) (San Antonio, TX). The outlook of the FSR is stable. The Credit Ratings (ratings) reflect National Unity’s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating per...

LONDON--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to seven classes of refinancing notes issued by RRE 1 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 1 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the“collateral manager”). The CLO originally closed in April 2019. KBRA rated this transaction when the CLO reset certain terms, inc...

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Myriad Systems is working to educate and provide real-world solutions to private practices around requirements for Good Faith Estimates....

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of Repwest Insurance Company (Repwest) (Phoenix, AZ). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of Oxford Life Insurance Company (Oxford Life) (Phoenix, AZ) and its subsidiary, Christian Fidelity Life...

DUBLIN--(BUSINESS WIRE)--The "Ireland Insurance Industry: Key Trends and Opportunities to 2029" report has been added to ResearchAndMarkets.com's offering. The report provides in-depth market analysis, information, and insights into Ireland's insurance industry. It provides values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review period (2020-24) and forecast period (202...

NEW YORK--(BUSINESS WIRE)--Winged Keel Group (“Winged Keel”) is pleased to announce that Sean O’Reilly has recently joined the company as Chief Operating Officer. As the firm continues its rapid expansion as the premier national platform for the structuring, implementation, and administration of high-end life insurance, Sean is responsible for managing the firm’s day-to-day operations in support of Winged Keel’s growth initiatives. These responsibilities include scaling existing businesses and...

NEW YORK--(BUSINESS WIRE)--KBRA releases research analyzing the small business lending (SBL) sector. Small Business Administration (SBA) loans are often considered an engine that funds small businesses in the U.S.—with over $37 billion issued in fiscal year 2024 alone. However, various private sector capital sources play a critical role in the SBL sector, including asset-backed securities (ABS). ABS has become an increasingly prominent asset class within the structured finance market, driven by...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a rating of BBB to FS KKR Capital Corp.'s (NYSE: FSK or "the company") $400 million, 6.125% senior unsecured notes due January 15, 2031. The notes will be swapped for SOFR +274.75 bps. The rating Outlook is Stable. The proceeds will be used for general corporate purposes. Key Credit Considerations The rating is supported by FSK’s affiliation with KKR & Co.’s (“KKR”) $648 billion AUM investment platform, including its $261 billion credit platform (“KKR...

SINGAPORE--(BUSINESS WIRE)--AM 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 A (Excellent) and the Long-Term ICR of “a” (Excellent) of Singapore Reinsurance Corporation Limited (Singapore Re) (Singapore). The outlook of the FSR is stable. The Credit Ratings (ratings) reflect Singapore Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating pe...