Bond & Stock Rating News

LONDON--(BUSINESS WIRE)--While listed insurers in the United Arab Emirates (UAE) have delivered improved profitability, regional geopolitical tensions are affecting certain lines of business and investment portfolios, according to AM Best. In its new Best's Market Segment Report, “UAE Insurers Navigate Geopolitical Tensions Following a Strong Financial Year,” AM Best notes that standard insurance policies in the UAE typically exclude war-related risks, which are instead covered through add-on b...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has withdrawn the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa” (Superior) of American Modern Select Insurance Company (AMSIC) (Cincinnati, Ohio). AMSIC entered into an assumption of liabilities agreement with American Modern Home Insurance Company (AMHIC) on June 20, 2025, in which it transferred all its rights and obligations to AMHIC. Subsequently, AMSIC was sold to an undisclosed buyer on Nov. 7, 2025. Given...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) from “a-” (Excellent) of Summit Insurance Company Limited (Summit) (Nassau, Bahamas). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Summit’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate ent...

MEXICO CITY--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to North American Fire & General Insurance Company Limited (NAFICO) (Guyana) and North American Life Insurance Company Limited (NALICO). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings of NAFICO reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, n...

NEW YORK--(BUSINESS WIRE)--KBRA releases research examining the role of recoveries in consumer asset-backed securities (ABS), along with recent recovery trends segmented by borrower credit quality and deal vintage. Recoveries are coming back into focus as recent unsecured consumer ABS vintages season and pandemic-era distortions fade, offering a clearer view of underlying collection performance. At the same time, a macroeconomic backdrop of higher prices and sustained inflation may weigh on rec...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Amherst National Insurance Company (ANIC) (Charlotte, NC), formerly known as Jet Insurance Company. The outlook assigned to these Credit Ratings (ratings) is stable. At the same time, AM Best has affirmed the FSR of A- (Excellent) and Long-Term ICR of “a...

OLDWICK, N.J.--(BUSINESS WIRE)--A new AM Best analysis reveals that funds held to back individual annuity policies now account for over 36% of the U.S. life/annuity insurance segment’s overall reserves, which is up from 32% prior to the financial crisis of 2008. It illustrates a shift from traditional, defined benefit retirement and income protection approaches toward strategies more reliant on investment performance to drive yield. Over that same timeframe, a larger portion of these annuity re...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA+ to the City of New York Taxable General Obligation Bonds, Fiscal 2026 Series H, Subseries H-1. The Outlook is Negative. Concurrently, KBRA affirms the long-term rating of AA+ with a Negative Outlook on outstanding City of New York General Obligation Bonds. Key Credit Considerations Credit Positives The City’s role as an international business and cultural center and hub of the country’s largest metropolitan economy highlights the...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the San Diego Unified School District: 2026 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 1998, Series R-9); 2026 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series SR-6A); 2026 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series SR-6B); and, 2026 Gener...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a” (Excellent) of the members of Curi Insurance Group (Curi) (Raleigh, NC). Concurrently, AM Best has placed the Credit Ratings (ratings) under review with negative implications. The ratings reflect Curi’s balance sheet strength, which AM Best assesses as strong, as well as its adequate...