AM Best affirms the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a’ (Excellent) of COSCO Shipping Captive Insurance Co Ltd, the Chinese captive of shipping group China COSCO Shipping Corporation.
AM Best affirms the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a’ (Excellent) of Rembrandt Insurance Company Ltd, the Bermudian captive insurer and reinsurer of energy trading group Vitol.
S&P Global Ratings assigns ‘AA-’ long-term financial strength and issuer credit ratings to Heddington Insurance Co. of Texas Inc., a captive insurance company wholly owned by Chevron.
KBRA revises the watch status of the senior unsecured debt and deposit ratings of ‘A+’ and the subordinated debt rating of ‘A’ for The Bank of N.T. Butterfield & Son Limited to ‘Watch Downgrade’ from ‘Watch Developing’.
AM Best removes the under review with negative implications status from GUNA Re and affirms the Cayman Islands captive’s financial strength rating of ‘A-’ (Excellent) and long-term issuer credit rating of ‘a-’ (Excellent).
AM Best affirms the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit rating of ‘a-’ (Excellent) of OneNexus Oklahoma Captive Corp. The outlook of the ratings is ‘stable’.
AM Best-rated US captive insurance companies generate an estimated US$8.2 billion in savings for their parent organisations over the five years to the end of 2025, according to a new Best's Market Segment Report.
