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AM Best Affirms affirms “Excellent” rating for Sony’s captive
07 Februrary 2024
Bermuda Reporter Frances Jones

AM Best has affirmed the financial strength rating of “A” (Excellent) and the long-term issuer credit rating of “a+” (Excellent) for Bermuda-headquartered PMG Assurance

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AM Best assigns “Excellent” rating for new members of Builders Insurance Group
12 January 2024
US Reporter Frances Jones

AM Best has assigned a financial strength rating of “A” (Excellent) and long-term issuer credit ratings of “a” (Excellent) to the new members of Builders Insurance Group

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AM Best assigns “Excellent” rating for new Italian Enel captive
02 January 2024
Italy Reporter Frances Jones

EE is a single-parent captive of Enel S.p.A. (Enel), an Italian multinational electric utility company

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AM Best withdraws credit ratings of Relyens
20 December
France Reporter Jack McRae

AM Best has withdrawn the credit ratings of Relyens Mutual Insurance following the company’s request to no longer participate in the rating process

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Fitch assigns 'BBB' rating to SK’s reinsurance captive
19 December 2023
Kazakhstan Reporter Frances Jones

Fitch Ratings has assigned Kazakhstan Energy Reinsurance Company an insurer financial strength (IFS) rating of 'BBB' and a national IFS rating of 'AAA'

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AM Best affirms “Excellent” rating for Phillip 66’s captives
18 December 2023
UK Reporter Klea Neza

The ratings reflect Spirit and Radius’ balance sheet strength, which AM Best assesses as "very strong”

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AM Best upgrades rating of SAOC’s captive
08 December 2023
Saudi Arabia Reporter Frances Jones

AM Best has upgraded the long-term issuer credit rating to “a+” (Excellent) from “a” (Excellent)

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