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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Credit Ratings (ratings) of Horace Mann Educators Corporation (headquartered in Springfield, IL) and its subsidiaries remain unchanged following the announcement of its transaction with Medical Mutual of Ohio to acquire Employee Services, LLC (ESI) and Reserve National Insurance Company (RNIC). Additionally, Horace Mann will reinsure MedMutual Life Insurance Company’s group life and disability business, while Medical Mutual of Ohio r...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to $750 million 4.95% senior unsecured notes, due July 2031, issued by the Travelers Companies, Inc. (Travelers) (headquartered in New York, NY). The outlook assigned to this Credit Rating (rating) is stable. The net proceeds of the issuance are expected to be used for general corporate purposes. Through second-quarter 2026, Travelers’ financial leverage ratio is 21.4%, as calculated by AM B...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to $750 million 4.95% senior unsecured notes, due July 2031, issued by the Travelers Companies, Inc. (Travelers) (headquartered in New York, NY). The outlook assigned to this Credit Rating (rating) is stable. The net proceeds of the issuance are expected to be used for general corporate purposes.Through second-quarter 2026, Travelers’ financial leverage ratio is 21.4%, as calculated by AM Bes...

OKLAHOMA CITY--(BUSINESS WIRE)--Healthcare technology executive brings 25 years of experience in technology strategy, artificial intelligence, cybersecurity and product innovation...

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 Hanwha General Insurance Company Limited (HGI) (South Korea). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect HGI’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings also reflec...

AMSTERDAM--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of ONIX Asigurari S.A. (ONIX) (Romania). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect ONIX’s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and marginal enterprise risk management (ERM).ONIX’s risk-adjusted capitalisation, as measured by Be...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa” (Superior) to Newhall Specialty Insurance Company (NSIC) (Dallas, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings of NSIC reflect MS&AD Insurance Group Holdings, Inc.’s (MS&AD) consolidated balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable busines...

MEXICO CITY--(BUSINESS WIRE)--AM Best has maintained a stable outlook on Peru’s insurance segment, citing ongoing profitability, sound reinsurance protection and overall good conditions for 2026 renewals. The Best’s Market Segment Report, “Market Segment Outlook: Peru Insurance,” states that positive factors backing the stable outlook include the continued developments in Peru`s insurance regulatory framework that encompasses microinsurance and alternative distribution channels and currently is...

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 Prism Assurance, Ltd. (Prism) (Burlington, VT). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect Prism’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).Prism’s balance sheet...

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 Construction Guarantee Cooperative (CG) (South Korea). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect CG’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management.CG’s risk-adjusted capitali...