AM Best revises the outlooks on the ratings of Apex Insurance Risk Retention Group Inc. to negative from stable, citing volatility and deterioration in operating performance.
AM Best revises the outlook on the Long-Term Issuer Credit Rating of the two Vermont captives of US food retail group Kroger to negative from stable, citing deterioration in underwriting performance.
AM Best affirms and then withdraws the credit ratings of WellPoint Insurance Services, Inc., the Hawaii-domiciled captive of Elevance Health, at the company's request.
BHP Marine & General Insurances Pty Ltd, the Australian captive of mining group BHP, ceased writing new policies on 1 July following a review of the group’s insurance arrangements, Fitch Ratings says as it affirms the captive’s ratings.
AM Best affirms the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a’ (Excellent) of Ardellis Insurance Ltd, the Bermuda captive of UFP Industries.
AM Best affirms the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a’ (Excellent) of Jupiter Insurance Limited, the Guernsey captive insurer of energy group BP.
AM Best affirms the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit rating of ‘a-’ (Excellent) of National Grid Insurance Company (Isle of Man) Limited, a captive insurer of National Grid.
