Insurance News

SEATTLE--(BUSINESS WIRE)--Milliman has just released the latest results of its Pension Buyout Index...

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 The Lincoln National Life Insurance Company (Fort Wayne, IN) and its wholly owned subsidiary, Lincoln Life & Annuity Company of New York (Syracuse, NY). These companies are the key life/annuity insurance subsidiaries of Lincoln National Corporation (LNC) (headquartered in Radnor, PA) and are referred to collec...

MEDFORD, Mass. & ASHBURN, Va.--(BUSINESS WIRE)--Agero, Inc., the leading white-label provider of digital driver assistance services and software for major automotive and auto insurance brands, today announced that it has entered into an agreement to acquire Urgent.ly, Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based technology focused provider of roadside and mobility assistance with innovative, tailored solutions within the automotive, fleet, and rental markets, for a cash price of $5.50 per shar...

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Mexico National Scale Rating of “aa.MX” (Superior) of Fianzas Avanza S.A de C.V. (Fianzas Avanza) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Fianzas Avanza’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business pr...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Amica Mutual Insurance Company (Amica Mutual) and its wholly owned subsidiary, Amica Property and Casualty Insurance Company (together known as Amica Mutual Group or Amica). At the same time, AM Best has revised the outlooks to stable from negative and affirmed the...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of One Alliance North America Insurance Company (OANAIC) (Forth Worth, TX) (formerly Universal North America Insurance Company). The outlook assigned to these Credit Ratings (ratings) is negative. The ratings reflect OANAIC’s balance sheet strength, which AM Best assesses as adequate, as well...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with developing implications and downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings to “a+” (Excellent) from “aa-” (Superior) of Banner Life Insurance Company (Frederick, MD) and William Penn Life Insurance Company of New York (New York, NY) collectively referred to as Banner Life Group (Banner). The outlook assigned to these Credit Ratings (ratings) is stable....

NEW YORK--(BUSINESS WIRE)--KBRA releases a recap of its Evolving Data Center Landscape: Insights & Implementation Breakfast, where structured finance and project finance professionals gathered in New York on March 12 to discuss key trends and developments shaping the data center market. The breakfast, hosted by KBRA, brought together industry leaders from across the digital infrastructure ecosystem for a series of panels offering distinct perspectives. The program opened with a discussion f...

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 Mereo Insurance Limited (Mereo) (Hamilton, Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Mereo’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 (ERM). The ratings a...

HONG KONG--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of KBFG Insurance (China) Co., Ltd. (KBFG China) (China). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect KBFG China’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The rating...