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Best’s Commentary: Insurers Better Prepared for Rare Disease Outbreak Amid Lessons From COVID-19
OLDWICK, N.J.--(BUSINESS WIRE)--Outbreaks of the Ebola virus and Andes hantavirus are putting a renewed focus on the insurance implications of rare communicable disease spreads and the need for proactive risk management, according to a new AM Best commentary. The Best’s Commentary, “Insurers Better Prepared For Rare Disease Outbreak Amid Lessons From COVID-19,” notes that health experts have said neither virus poses an immediate global threat nor is expected to spread anywhere near the scale of...
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KBRA Assigns Preliminary Ratings to ByzFunder Asset Securitization I, LLC, Series 2026-1
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to three classes of notes (the “Notes”) issued by ByzFunder Asset Securitization I, LLC, Series 2026-1. ByzFunder NY LLC (“ByzFunder,” or the “Company”) is the Sponsor, Seller, and Servicer for ByzFunder Asset Securitization I, LLC, Series 2026-1. ByzFunder was founded in 2019 and is headquartered in New York, NY, with an additional office in Tampa, FL. The Company is a specialty finance company that provides working capital financing...
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AM Best Assigns Credit Ratings to Desjardins Financial Security Life Assurance Company
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Desjardins Financial Security Life Assurance Company (DFS) (Lévis, Quebec, Canada). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect DFS’ balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk m...
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AM Best to Sponsor and Participate at Latin American Insurance and Reinsurance Seminar in Argentina
MEXICO CITY--(BUSINESS WIRE)--AM Best will sponsor and present at a pair of sessions at the 12th annual Latin American Insurance and Reinsurance Seminar, hosted by Mercado Asegurador, which will be held May 27-28, 2026, in Buenos Aires, Argentina. On Wednesday, May 27, at 12:30 p.m. ART, Carlos De la Torre, managing director of operations of AM Best’s Mexico-based subsidiary, will join a panel to discuss the state of insurance markets across Latin America. De la Torre, who joined AM Best in 201...
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EPIC Insurance Brokers & Consultants Reports First Rise in Legal Malpractice Claims in Five Years
MCLEAN, Va.--(BUSINESS WIRE)--EPIC Law Firm Group, a practice within EPIC Insurance Brokers & Consultants (“EPIC”), a national insurance brokerage and consulting firm providing specialized services and products across select industries, today released its 16th Annual Lawyers’ Professional Liability Claims Survey, which indicates that as law firms strive to sustain and grow their businesses, they must constantly navigate challenges of lateral movement, cyber threats, artificial intelligence...
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KBRA Assigns Rating to Frontline Insurance Reciprocal Exchange
NEW YORK--(BUSINESS WIRE)--KBRA assigns a BBB+ Insurance Financial Strength Rating (IFSR) to Frontline Insurance Reciprocal Exchange (“FIRE” or the “Exchange”). The Outlook for the rating is Stable. Key Credit Considerations FIRE is a newly formed Florida-domiciled reciprocal insurer established to write admitted Florida residential property business, primarily homeowners and fire/dwelling coverage. The rating reflects adequate initial capitalization and manageable projected underwriting levera...
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AM Best确认平安财产保险股份有限公司的信用评级
香港--(BUSINESS WIRE)--(美国商业资讯)-- AM Best (贝氏) 已确认平安财产保险股份有限公司(简称“平安产险”)(中国)的长期发行人信用评级(ICR)为 “a+级(优秀)”以及财务实力评级(FSR)为 “A级(优秀)”。各项评级的展望均为稳定。 该评级反映了平安产险被贝氏评定为非常强劲的资产负债表实力、优秀的经营表现、有利的业务组合、以及适当的企业风险管理(ERM)。 以贝氏资本充足率(BCAR)衡量,平安产险2025年底的风险调整后资本仍然维持在最强劲的水平。BCAR计算中,对公司所发行的资本补充债给予了权益认可。该公司合并权益一直保持着稳定增长,并于 2025 年底达到人民币1,462 亿元(贝氏计算为美元209亿),相比去年增长7.0%。其投资组合多元化并具有高流动性,资产配置维持稳定,大部分资产配置于固定收益类资产。其他支持因素包括公司良好的财务灵活性并多次在国内债券市成功发行资本补充债,以及公司充足的偿付能力水平。根据贝氏计算,2025年底平安产险的经调整财务杠杆率为6.0%,其中考虑了对资本补充债的权益认可,同时公司的利息覆盖比率维持强劲。中短期...
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AM Best Affirms Credit Ratings of Ping An Property & Casualty Insurance Company of China, Ltd
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 Ping An Property & Casualty Insurance Company of China, Ltd (Ping An P&C) (China). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Ping An P&C’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate ent...
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iA Groupe financier annonce un placement de 500 millions de dollars de débentures subordonnées non garanties à un taux fixe/variable de 4,158 %
QUÉBEC--(BUSINESS WIRE)--iA Groupe financier (la « Société ») a annoncé aujourd’hui un placement d’un montant total de 500 millions de dollars de débentures subordonnées non garanties à taux fixe/variable de 4,158 % (les « Débentures ») venant à échéance le 26 mai 2036 (le « placement »). La clôture du placement est prévue le ou vers le 26 mai 2026. La Société utilisera le produit net de la vente des débentures pour des besoins généraux, ce qui peut inclure des investissements dans des filiales...
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iA Financial Group Announces Offering of $500 million of 4.158% Fixed/Floating Unsecured Subordinated Debentures
QUEBEC CITY--(BUSINESS WIRE)--iA Financial Group (the “Company”) announced today an offering of $500 million aggregate principal amount of 4.158% fixed/floating unsecured subordinated debentures (the “Debentures”) due May 26, 2036 (the “Offering”). The Offering is expected to close on or about May 26, 2026. The Company intends to use the net proceeds from the sale of the Debentures for general corporate purposes, which may include investments in subsidiaries and repayment of indebtedness. The D...