Articles from AM Best

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Rating of “aa+” (Superior) of Chubb Seguros Panama S.A. (Chubb Panama) (Panama City, Panama). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the grouped subsidiaries of Chubb Limited (Chubb) (Zurich, Switzerland) [NYSE: CB]. These include Chubb’s rated U.S., Canada, Bermuda, Europe and Panama-based insurance and reinsurance subsidiaries (collectively Chubb Group of Insurance Companies, or Chubb Group). Concurrently, AM Best has affirmed the Long-Term ICRs of “a+” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of Chubb Limited and Chubb INA Holdings LLC (Delaware). In addition, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior) of Combined Insurance Company of America (Chicago, IL) and Combined Life Insurance Company of New York (Latham, NY) (together known as the Combined companies). AM Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of ACE Life Insurance Company (ACE Life) (Stamford, CT). At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Chubb Life Insurance New Zealand Limited (Chubb Life NZ) (New Zealand). The outlook of these Credit Ratings (ratings) is stable. (Please see the link below for a detailed listing of the companies and ratings.)

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Barents Re Reinsurance Company, Inc. (Barents Re) (Cayman Islands) and its affiliate, Barents Reinsurance S.A. (Barents Re Lux) (Luxembourg). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Brit Reinsurance (Bermuda) Limited (Brit Re) (Bermuda). The outlook of these Credit Ratings (ratings) is stable.

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of First Indemnity of America Insurance Company (FIA) (Morris Plains, NJ). The outlooks of these Credit Ratings (ratings) have been revised to stable from positive.

In its January issue, Best’s Review shares insight from leaders across the insurance spectrum on the topics shaping the industry’s future, including artificial intelligence, talent recruitment, catastrophes, social inflation and nuclear verdicts. Read “Forward Thinking: Executives Discuss AI, Regulation, Secondary Perils” here.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Japan Ship Owners’ Mutual Protection & Indemnity Association (Japan P&I or the Club) (Japan). The outlook of these Credit Ratings (ratings) is stable.

AM Best has maintained its outlook on India’s non-life insurance segment at stable, citing supportive macroeconomics, as well as insurance demand buttressed by regulatory initiatives and reforms.

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of the members of Health Care Service Corporation Group (HCSC Group). Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of Health Care Service Corp Medicare & Supplemental Group Members (HCSC Medicare & Supplemental Group). The outlook of these Credit Ratings (ratings) is stable. (See below for detailed listing of the companies and ratings). The ultimate parent of both these groups is Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), which is headquartered in Chicago, IL.

AM Best will host a complimentary webinar, titled, “The Responsible Use of Data in the Insurance Industry,” sponsored by LexisNexis Risk Solutions, on Wednesday, Jan. 28, 2026, at 2:00 p.m.( EST). Register today.

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Cowen Reinsurance S.A. (Cowen Re) (Luxembourg).

AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior) from “a” (Excellent) of Michigan Millers Mutual Insurance Company (Michigan Millers) (Lansing, MI), a newly added subsidiary of Western National Insurance Pool (Western National). The outlook of these Credit Ratings (ratings) has been revised to stable from positive.

AM Best has withdrawn the Financial Strength Rating of C+ (Marginal) and the Long-Term Issuer Credit Rating of “b-” (Marginal) of Berking Re Limited (Berking Re) (Bermuda). At the time of the withdrawal, the Credit Ratings (ratings) were under review with negative implications status.

AM Best will co-sponsor, participate and be recognized at the 8th annual Emerging Leaders Conference, which acknowledges high-performing individuals and provides professional training to develop the next generation of insurance industry leaders. The event, which will take place Feb. 1-3, 2026, in Nashville, TN, is hosted jointly with the American Property Casualty Insurance Association (APCIA) and the Insurance Careers Movement.

AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the $25 million, 7.155% surplus notes, due January 13, 2046, issued by United Educators Insurance, a Reciprocal Risk Retention Group (United Educators) (Burlington, VT). The outlook assigned to this Credit Rating (rating) is stable.

AM Best has launched Best’s Certificate of Creditworthiness, which provides a streamlined, professional presentation of AM Best’s financial strength ratings and/or long-term issuer credit ratings and other key information.

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of “bb” (Fair) of Arab Reinsurance Company SAL (Arab Re) (Lebanon). The outlook of the FSR is stable.

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Bridgehaven Europe Specialty DAC (BES) (Ireland). BES is a newly acquired wholly owned subsidiary of Bridgehaven Europe Holdings Ltd (Bridgehaven) (United Kingdom), the non-operating company of the Bridgehaven group. The outlook assigned to these Credit Ratings (ratings) is stable.

AM Best has assigned a Preliminary Credit Assessment (PCA) to Beazley Bermuda Insurance Limited (BBIL) (Bermuda) with a Financial Strength Assessment of A pca (Excellent) and a Long-Term Issuer Credit Assessment of “a+” pca (Excellent). The outlook assigned to the PCA is stable.

AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good), and the Vietnam National Scale Rating of aaa.VN (Exceptional) of Post-Telecommunication Joint Stock Insurance Corporation (PTI) (Vietnam). The outlook of these Credit Ratings (ratings) is stable.

Despite heavy losses following the California wildfires and multiple severe convective storms during first-quarter 2025, favorable results in the succeeding two quarters led to improved direct incurred loss ratios year over year for the U.S. property/casualty industry through the first nine months as well as for the segment’s largest two lines of business - homeowners/farmowners and private passenger auto, according to a new AM Best report.

The role of companies specializing in run-off transactions has morphed into being a key strategic capital partner for the insurance sector, helping companies to optimize capital, simplify operations and refocus on core business, according to a new AM Best report.

The January issue of Best’s Review offers a variety of viewpoints about key issues for 2026:

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Aspida Re Cayman Ltd. (AReC) (Cayman Islands). The outlook assigned to these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Colonnade Insurance S.A. (Colonnade) (Luxembourg), a member of the Fairfax Financial Holdings Limited (Fairfax) [TSX: FFH] group of companies. The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating of “a” (Excellent) and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Grupo Nacional Provincial S.A.B. (GNP) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is stable.

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 Insignia Life S.A. de C.V. (Insignia) (Mexico City, Mexico). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of South China Insurance Co., Ltd. (South China Insurance) (Taiwan). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Element Insurance Company (Element) (West Chester, OH). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process.

AM Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bb” (Fair) of Mountain Life Insurance Company (Mountain Life) (headquartered in Lexington, KY). Concurrently, AM Best has placed these Credit Ratings (ratings) under review with developing implications.

AM Best will host a briefing with a panel of reinsurance industry executives for a discussion on the evolving global reinsurance landscape, which will include an update on AM Best’s global reinsurance outlook. The briefing is scheduled for Thursday, Jan. 22, 2026, at 11:00 a.m. EST.

AM Best will host a briefing with insurance industry experts on the latest developments shaping the run-off market and how non-life insurers are responding on Wednesday, Jan. 14, 2026, at 11:00 a.m. EST.

Despite competitive market conditions, macroeconomic trends and severe weather trends that have fueled volatility in the U.S. property/casualty (P/C) industry’s underwriting results for a decade, insurers still managed to improve their underwriting and operating results, according to a new AM Best report.

AM Best will host a briefing with senior AM Best analytical staff as they present their outlooks on the global insurance market’s key segments, recent rating drivers, investment trends and issues impacting the Cayman market on Feb. 12, 2026, from 1:30–7:00 p.m. EST at the Grand Cayman Marriott Resort.

AM Best will participate in a panel discussion about the U.S. title insurance segment during a Pinnacle Actuarial Resources APEX webinar, scheduled for Thursday, Jan. 8, 2026.

Berkshire Hathaway Inc. moved ahead of Allianz SE to claim the top spot in AM Best’s ranking of the world’s 25 largest insurance companies by nonbanking assets, at $1.15 trillion, while UnitedHealth Group Inc. held onto its top spot by net premiums written (NPW) for an 11th straight year, growing NPW by 6.2% in 2024 to $308.8 billion.

Over the past year, Best’s Review readers have been most interested in the following insurance news coverage:

AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Jet Insurance Company (Jet) (Charlotte, NC), following the close of the acquisition of Jet by Amherst Specialty Insurance Company (ASIC) on Dec. 15, 2025.

The December issue of Best’s Review includes the following exclusive rankings:

AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Vantage Risk Ltd. (Bermuda) and its affiliates, Vantage Risk Specialty Insurance Company and Vantage Risk Assurance Company (both domiciled in Wilmington, DE), which do business as Vantage Group.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Abu Dhabi National Takaful Company P.S.C. (ADNTC) (United Arab Emirates) [UAE]. The outlook of these Credit Ratings (ratings) is stable.

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) of Min Xin Insurance Company Limited (MXIC) (Hong Kong).

AM Best has assigned a Performance Assessment (assessment) of PA-3 (Strong) to Across America Insurance Services, Inc. (AAIS) (Riverside, CA). The outlook assigned to the assessment is stable.

AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Prismic Life Reinsurance, Ltd. (Prismic Life Re). In addition, AM Best has assigned an FSR of A- (Excellent) and a Long-Term ICR of “a-” (Excellent) to Prismic Life Reinsurance International, Ltd. (PL Re International) (both domiciled in Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable.

AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of Seguros e Inversiones, S.A. (SISA) (El Salvador). The outlooks of these Credit Ratings (ratings) have been revised to stable from positive.

AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York (Purchase, NY), and its direct parent, Brooke Life Insurance Company. These companies together are referred to as Jackson National Group (JNG). Concurrently, AM Best has upgraded the Long-Term Issue Credit Rating (Long-Term IR) to “a+” (Excellent) from “a” (Excellent) on the notes issued under JNL’s funding agreement-backed securities program, and the Long-Term IR to “a-” (Excellent) from “bbb+” (Good) of JNL’s surplus notes. Lastly, AM Best has upgraded the Long-Term ICR to “bbb+” (Good) from “bbb” (Good) of Jackson Financial Inc. (Delaware). All companies are domiciled in Lansing, MI, unless otherwise specified. The outlook of the Long-Term ICRs has been revised to stable from positive, while the FSR is stable. (See below for a detailed listing of the Long-Term IRs.)

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Pacífico Compañía de Seguros y Reaseguros S.A. (PCS) (Lima, Perú). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Patria Re (US), Inc. (Patria US) (Charleston, SC). The outlook of these Credit Ratings (ratings) is stable.

AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Arch Reinsurance Ltd. (Arch) (Bermuda) and its strategic affiliates. The outlook of the Long-Term ICRs has been revised to stable from positive, while the outlook of the FSRs is stable.

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Irwell Insurance Company Limited (Irwell) (United Kingdom). The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR is stable.

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of FHM Insurance Company (FHM) (Orlando, FL).

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Auto Club MAPFRE Insurance Company (ACMIC) (Columbus, OH). The outlook assigned to these Credit Ratings (ratings) is stable.

Hong Kong’s non-life insurance industry has shown an ability to sustain profitable underwriting during a recent five-year period, which was supported by the performance in the general liability and property damage lines of business, according to a new AM Best report.

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Independence American Insurance Company (IAIC) (Wilmington, DE). The outlooks assigned to these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Bahamas First General Insurance Company Limited (BFG) (Nassau, Bahamas) and Cayman First Insurance Company Limited (CFI) (Cayman Islands), the property/casualty (P/C) operating subsidiaries of Bahamas First Holdings Limited (Nassau, Bahamas) (BFH). The outlook of these Credit Ratings (ratings) is stable. These companies are collectively referred to as BFH.

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Hagerty Reinsurance Limited (Hagerty Re) (Hamilton, Bermuda) and its reinsured affiliate, Drivers Edge Insurance Company (Drivers Edge) (Littleton, CO). Hagerty Re and Drivers Edge are both wholly owned subsidiaries of Hagerty Insurance Holdings Inc.

AM Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “bbb+” (Good) of the two main operating subsidiaries of Nagico Holdings Limited, National General Insurance Corporation (NAGICO) N.V. (St. Maarten) and Nagico Insurance Company Limited (Anguilla) (collectively referred to as (Nagico). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Caribbean Alliance Insurance Company Limited (CAIC) (Antigua and Barbuda). The outlook of these Credit Ratings (ratings) is stable.

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 Guaranty Income Life Insurance Company (headquartered in Baton Rouge, LA) and United Life Insurance Company (Cedar Rapids, IA), collectively, referred to as Kuvare Retail Group. In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Kuvare Life Re Ltd. (Kuvare Life Re) (Bermuda). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Nova Casiopea Re S.A. (NCRe) (Luxembourg). The outlook of these Credit Ratings (ratings) is stable.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the health and dental insurance subsidiaries of Humana Inc. (Humana) (headquartered in Louisville, KY) [NYSE: HUM]. These subsidiaries collectively are referred to as Humana Health Group. In addition, AM Best has affirmed the Long-Term ICR of “bbb” (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Humana Inc. (Humana). AM Best also has affirmed the Short-Term Issue Credit Rating of AMB-2 (Satisfactory) for Humana. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of Humana Health Group members and Long-Term IRs.)

AM Best will host a briefing with a panel of health insurance industry experts to discuss their outlook on the Medicare Advantage business segment of the U.S. health insurance industry, scheduled for Thursday, Jan. 15, 2026, at 2:00 p.m. EST.

AM Best has revised its outlook on Mexico’s insurance segment to negative from stable, citing the elimination of a fiscal credit on value added tax (VAT) paid to third parties such as hospitals and on other claims-related expenses – a change that may erase 40% of insurance companies’ expected net profits for 2025.

AM Best is maintaining a stable outlook on Malaysia’s non-life insurance segment, citing regulatory initiatives designed to increase insurance penetration and phased de-tariffication of motor and fire insurance.

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of SNIC Insurance B.S.C. (c) (SNIC) (Bahrain). The outlook of these Credit Ratings (ratings) is negative.

The recent easing of discount rate regulations by South Korea’s financial authorities will alleviate pressure on the solvency position of the country’s non-life insurers, according to a new AM Best commentary.

AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “b+” (Marginal) from “bb-” (Fair) of Southern General Insurance Company (SGIC) (Atlanta, GA). The outlook of the FSR has been revised to stable from negative, while the outlook of the Long-Term ICR is negative. Concurrently, AM Best has withdrawn the Credit Ratings (ratings) as the company has requested to no longer participate in AM Best’s interactive rating process.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable.

AM Best has commented on the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Hildene Re SPC, Ltd. (Hildene Re) (Cayman Islands) remain unchanged following the announced acquisition of SILAC Inc. by Hildene Capital Management, LLC. The outlook of these Credit Ratings (ratings) is stable.

AM Best has placed under review with developing implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of SILAC Insurance Company (SILAC) (Salt Lake City, UT).

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 National Security Insurance Company (NSIC) (Elba, AL). The outlook assigned to these Credit Ratings (ratings) is negative.

In its December issue, Best’s Review examines the impact of Actuarial Guideline 55, which was adopted by the National Association of Insurance Commissioners (NAIC) earlier this year.

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of the life/health (L/H) insurance subsidiaries of Manulife Financial Corporation (MFC) (Toronto, Canada) [NYSE: MFC]. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of MFC. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)

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 EMC National Life Company (EMCNL) (Des Moines, IA). Concurrently, AM Best has placed these Credit Ratings (ratings) under review with developing implications.

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Starr International Insurance (Thailand) Public Company Limited (SIIT) (Thailand). The outlooks of these Credit Ratings (ratings) have been revised to stable from positive.