trending Market Intelligence /marketintelligence/en/news-insights/trending/WTCkhcGUw8qT4vbgj9cmuw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Insurance ratings actions: S&P affirms Health Care Service, China Reinsurance

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Insurance ratings actions: S&P affirms Health Care Service, China Reinsurance

S&P Global Market Intelligence compiles ratings actions in the insurance space daily through 5 p.m. ET. Actions after 5 p.m. ET will be included in the following day's roundup.

U.S. and Canada

A.M. Best affirmed the financial strength rating of B++ and the long-term issuer credit rating of "bbb+" of Columbian Mutual Life Insurance Co. and its unit Columbian Life Insurance Co.

The outlook was revised to negative from stable for the long-term issuer credit rating, reflecting the significant decline in the companies' risk-adjusted capitalization. The outlook of the financial strength rating remains stable.

The ratings reflect the companies' balance sheet strength, which A.M. Best categorizes as strong, as well as their marginal operating performance, neutral business profile and appropriate enterprise risk management.

_______________

A.M. Best affirmed the financial strength rating of A- and the long-term issuer credit rating of "a-" of Fidelity Life Association. The outlook of these credit ratings is stable.

The ratings reflect Fidelity Life Association's balance sheet strength, which A.M. Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

______________

S&P Global Ratings affirmed the A issuer credit rating on Globe Life Group's nonoperating holding company, Globe Life Inc.

At the same time, the agency affirmed the AA- issuer credit and financial strength ratings on United American Insurance Co., American Income Life Insurance Co. Inc., Liberty National Life Insurance Co. and Globe Life & Accident Insurance Co., which are insurance operating units of Globe Life.

The outlook is stable.

The rating agency noted that its view of Globe Life Group's very strong competitive position reflects the group's continued penetration of the underserved and underdeveloped middle-income market segment.

________________

S&P Global Ratings affirmed the A- long-term issuer credit and financial strength ratings on Guarantee Co. of North America after the announcement that Intact Financial Corp. agreed to acquire the company from Princeton Holdings Ltd. The deal is expected to close in the fourth quarter.

The outlook is stable, reflecting the rating agency's expectation that the company's financial risk profile will remain strong under Intact based on public statements.

______________

S&P Global Ratings affirmed the AA- financial strength and long-term issuer credit ratings on Health Care Service Corp.

The rating agency also affirmed the A+ financial strength and long-term issuer credit ratings on Health Care Service's strategically important subsidiaries, Dearborn Life Insurance Co. and Dearborn National Life Insurance Co. of New York

The outlook is stable, reflecting the agency's expectation that Health Care Service will retain its leading market position in its core markets and its balance-sheet strengths.

______________

S&P Global Ratings affirmed the AA+ insurer financial strength and issuer credit ratings on Teachers Insurance & Annuity Association of America and TIAA-CREF Life Insurance Co.

The outlook is stable.

The ratings reflect the group's excellent business risk and financial risk profiles.

Asia-Pacific

A.M. Best affirmed the financial strength rating of A+ and the long-term issuer credit rating of "aa-" of Sompo Japan Nipponkoa Insurance Inc.

Additionally, the rating agency affirmed the long-term issuer credit rating of "a" of Sompo International Holdings Ltd. and the financial strength rating of A+ and the long-term issuer credit rating of "aa-" of the company's operating subsidiaries. The units are Endurance Specialty Insurance Ltd., Endurance Assurance Corp., Endurance Worldwide Insurance Ltd., Endurance American Specialty Insurance Co., Endurance American Insurance Co., Endurance Risk Solutions Assurance Co., American Agri-Business Insurance Co., Sompo America Insurance Co., Sompo America Fire & Marine Insurance Co., Lexon Insurance Co. and Bond Safeguard Insurance Co.

The outlook of all of these credit ratings is stable.

The ratings of Sompo Japan Nipponkoa Insurance reflect its balance sheet strength, which A.M. Best categorizes as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.

The rating affirmations of Sompo International Holdings and its subsidiaries reflect the balance sheet assessment at the strongest level, adequate operating performance, neutral business profile and appropriate enterprise risk management.

______________

A.M. Best affirmed the financial strength rating of A++ and the long-term issuer credit ratings of "aa+" of Tokio Marine & Nichido Fire Insurance Co. Ltd. and its U.S. subsidiaries. The units are Tokio Marine America Insurance Co., Trans Pacific Insurance Co., TM Specialty Insurance Co. and TNUS Insurance Co.

The outlook of these credit ratings is stable.

The agency also affirmed the financial strength rating of A+ and the long-term issuer credit rating of "aa-" of Tokio Marine Pacific Insurance Ltd. with a stable outlook.

The ratings of Tokio Marine & Nichido Fire Insurance reflect its balance sheet strength, which A.M. Best categorizes as strongest, as well as its strong operating performance, very favorable business profile and very strong enterprise risk management.

The ratings of Tokio Marine Pacific Insurance reflect its balance sheet strength, which A.M. Best categorizes as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

_______________

S&P Global Ratings affirmed the A- local currency long-term financial strength and issuer credit ratings on Asia Capital Reinsurance Group Pte. Ltd. with a stable outlook.

The affirmation reflects the rating agency's view of the company's extremely strong capitalization and adequate competitive position.

_______________

S&P Global Ratings affirmed the A long-term insurer financial strength and issuer credit ratings on China Reinsurance (Group) Corp. and the group's core subsidiaries.

The outlook on all the long-term ratings is stable.

The ratings on China Reinsurance and its core subsidiaries reflect the rating agency's view of the high likelihood of extraordinary support from the Chinese government to the company. The ratings also reflect the company's leading position in China's reinsurance market and its well-capitalized position.

Middle East and Africa

S&P Global Ratings affirmed the A- long-term issuer credit and insurer financial strength ratings on African Reinsurance Corp. and the A- financial strength credit rating on the guaranteed subsidiary, African Reinsurance Corp. South Africa Ltd.

The outlook is stable.

The affirmation reflects the rating agency's view that African Reinsurance continues to maintain its strong competitive position within Africa.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.

Links are current as of publication time; S&P Global Market Intelligence is not responsible if those links are unavailable later.